Retirement plan

AMERICAN ANCHOR BOLT MFG. L.P. 401(K) PROFIT SHARING PLAN #2

Name: AAB MFG. HOLDINGS, L.P. DBA AMERICAN ANCHOR BOLT MFG., L.P. - AMERICAN ANCHOR BOLT MFG. L.P. 401(K) PROFIT SHARING PLAN #2 (2020) Form 5500
Creator: AAB MFG. HOLDINGS, L.P. DBA AMERICAN ANCHOR BOLT MFG., L.P.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN ANCHOR BOLT MFG. L.P. 401(K) PROFIT SHARING PLAN #2, AAB MFG. HOLDINGS, L.P. DBA AMERICAN ANCHOR BOLT MFG., L.P.

AAB MFG. HOLDINGS, L.P. DBA AMERICAN ANCHOR BOLT MFG., L.P.EIN 76-0502451Plan #003PY 2020

13913 BUXLEY STREET - HOUSTON, TX 77045713-433-6099

Other plans on this EIN

2 filings

#002Retirement-$586K assets #001Retirement--

Prospect flagsLow returnsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$282K

+3.9% from 2019

Total participants

-19.0% from 2019

Average account balance

$16,568

+28.3% from 2019

Annual return

3.65%

-11.26 pp from 2019

Benchmarks

See 21,446 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,446 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$445K

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

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.

214.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$44K

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

+8.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$658

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$28K

$4616 / participant

Other / not subdivided$28K100.0%

% of EOY assets

9.833%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,568

$112,131-85.2%

$95,964-82.7%

$158,982-89.6%

Participation rate

100.0%

79.0%+21.0pp

77.1%+22.9pp

82.0%+18.0pp

Annual return

3.65%

171.19%-167.5pp

91.64%-88.0pp

302.99%-299.3pp

Employer contribution / active EE

$2,557

$3,199-20.1%

$2,541+0.6%

$4,763-46.3%

Participant deferral / active EE

$1,502

$4,784-68.6%

$4,167-64.0%

$5,983-74.9%

Admin fee / account holder

$1,629

$10,136-83.9%

$6,797-76.0%

$11,252-85.5%

AMERICAN ANCHOR BOLT MFG. L.P. 401(K) PROFIT SHARING PLAN #2

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN ANCHOR BOLT MFG. L.P. 401(K) PROFIT SHARING PLAN #2

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