Retirement plan

MARTIN SPROCKET & GEAR, INC. EMPLOYEES PROFIT SHARING TRUST

Name: MARTIN SPROCKET & GEAR, INC. - MARTIN SPROCKET & GEAR, INC. EMPLOYEES PROFIT SHARING TRUST (2020) Form 5500
Creator: MARTIN SPROCKET & GEAR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARTIN SPROCKET & GEAR, INC. EMPLOYEES PROFIT SHARING TRUST, MARTIN SPROCKET & GEAR, INC.

MARTIN SPROCKET & GEAR, INC.EIN 75-0832268Plan #001PY 2020

3100 SPROCKET DRIVE - ARLINGTON, TX 76015817-258-3000martinsprocket.comLinkedIn1001-5000 employeesmechanical or industrial engineering

Prospect flagsLow returnsHigh feesLow employer contributionCorrective distributions

Top hat statement on fileNQDC

Filed October 18, 2004

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$233.3M

-3.5% from 2019

Total participants

1,926

+17.5% from 2019

Average account balance

$121,109

-20.2% from 2019

Annual return

6.11%

-0.25 pp from 2019

Benchmarks

See 763 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort763 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$225.99M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$135K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,679

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

85.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.36%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$568

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
JPMORGAN INVEST HOLDINGS LLC5+ years Filed as: JP MORGAN CHASE Service code 19 · EIN 76-0400240 PO BOX 710812 · COLUMBUS, OH 432710812	Securities Custodian	$336,751
LUTHER KING CAPITAL MANAGEMENT5+ years Service code 27 · EIN 75-0163033 310 COMMERCE ST · FT WORTH, TX 76102	Advisory (Plan)	$182,833
EAGLE CAPITAL MANAGEMENT, LLC5+ years Filed as: EAGLE ASSET MANAGEMENT, INC. Service code 27 · EIN 75-1910325 8800 CARILLON PKWY · ST PETERBURG, FL 337330520	Advisory (Plan)	$129,479
BOKF, NA2 years Service code 19 ONE WILLIAMS CENTER TOWER · TULSA, OK 74172	Securities Custodian	$42,756
DECKER JONES, P.C.1 year Service code 29 · EIN 75-2305837 801 CHERRY STREET, UNIT 46 · FORT WORTH, TX 76102	Legal	$296

Plan features & details

Pension benefit codes2E2J2K

Plan features

2E
Profit-sharing
Profit-sharing plan.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.

Opportunity flags

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$692K

$446 / participant

Investment mgmt$649K93.8%
Contract admin$2960.0%
Other / not subdivided$43K6.2%

% of EOY assets

0.297%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WEAVER & TIDWELL, L.L.P.
Auditor EIN: 750786316
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$121,109

$176,471-31.4%

$95,960+26.2%

$90,274+34.2%

Participation rate

100.0%

86.6%+13.4pp

77.1%+22.9pp

73.4%+26.6pp

Annual return

6.11%

20.15%-14.0pp

91.63%-85.5pp

53.97%-47.9pp

Employer contribution / active EE

$2,783-100.0%

$2,541-100.0%

$2,523-100.0%

Participant deferral / active EE

$4,003

$5,325-24.8%

$4,167-3.9%

$4,231-5.4%

Admin fee / account holder

$359

$154+133.1%

$6,797-94.7%

$114+215.1%

Provider

Service type

Compensation

JPMORGAN INVEST HOLDINGS LLC5+ years

Filed as: JP MORGAN CHASE

Service code 19 · EIN 76-0400240

PO BOX 710812 · COLUMBUS, OH 432710812

Securities Custodian

$336,751

LUTHER KING CAPITAL MANAGEMENT5+ years

Service code 27 · EIN 75-0163033

310 COMMERCE ST · FT WORTH, TX 76102

Advisory (Plan)

$182,833

EAGLE CAPITAL MANAGEMENT, LLC5+ years

Filed as: EAGLE ASSET MANAGEMENT, INC.

Service code 27 · EIN 75-1910325

8800 CARILLON PKWY · ST PETERBURG, FL 337330520

Advisory (Plan)

$129,479

BOKF, NA2 years

Service code 19

ONE WILLIAMS CENTER TOWER · TULSA, OK 74172

Securities Custodian

$42,756

DECKER JONES, P.C.1 year

Service code 29 · EIN 75-2305837

801 CHERRY STREET, UNIT 46 · FORT WORTH, TX 76102

Legal

$296

MARTIN SPROCKET & GEAR, INC. EMPLOYEES PROFIT SHARING TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARTIN SPROCKET & GEAR, INC. EMPLOYEES PROFIT SHARING TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion