Retirement plan

MAHINDRA USA INC 401K PROFIT SHARING PLAN & TRU

Name: MAHINDRA USA INC - MAHINDRA USA INC 401K PROFIT SHARING PLAN & TRU (2018) Form 5500
Creator: MAHINDRA USA INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAHINDRA USA INC 401K PROFIT SHARING PLAN & TRU, MAHINDRA USA INC

MAHINDRA USA INCEIN 76-0438770Plan #001PY 2018

9020 JACKRABBIT ROAD, SUITE 600 - HOUSTON, TX 77095281-449-7771

Prospect flagsLow assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4.8M

-2.9% from 2017

Total participants

278

+4.1% from 2017

Average account balance

$17,573

-13.6% from 2017

Annual return

-4.94%

-24.04 pp from 2017

Benchmarks

See 4,209 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,209 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.18M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

226

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.

61.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$295

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION4+ years Service code 13 · EIN 35-1140070	Contract Administrator	$28,973
STADION MONEY MANAGEMENT4+ years Service code 26 · EIN 58-2099805	Advisory (Participants)	$7,008
SOUTHEASTERN EMPLOYEE BENEFIT SERVI2 years Service code 15 · EIN 20-5923747	Recordkeeping	$3,092

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

3 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$39K

$167 / participant

Investment mgmt$39K100.0%

% of EOY assets

0.822%

all-in expense ratio

Categories reported

1 / 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: KNAV P.A.
Auditor EIN: 202751082
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,573

$59,191-70.3%

$76,767-77.1%

$56,289-68.8%

Participation rate

97.9%

75.2%+22.7pp

77.0%+20.9pp

69.9%+28.0pp

Annual return

-4.94%

6.62%-11.6pp

2.43%-7.4pp

-9.96%+5.0pp

Employer contribution / active EE

$1,721

$1,759-2.2%

$2,485-30.8%

$2,111-18.5%

Participant deferral / active EE

$3,588

$3,255+10.2%

$3,852-6.8%

$3,350+7.1%

Admin fee / account holder

$144

$489-70.5%

$6,675-97.8%

$521-72.3%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION4+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$28,973

STADION MONEY MANAGEMENT4+ years

Service code 26 · EIN 58-2099805

Advisory (Participants)

$7,008

SOUTHEASTERN EMPLOYEE BENEFIT SERVI2 years

Service code 15 · EIN 20-5923747

Recordkeeping

$3,092

MAHINDRA USA INC 401K PROFIT SHARING PLAN & TRU

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAHINDRA USA INC 401K PROFIT SHARING PLAN & TRU

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