Retirement plan

NEDERMAN HOLDING USA, INC. 401(K) PLAN

Name: NEDERMAN HOLDING USA, INC. - NEDERMAN HOLDING USA, INC. 401(K) PLAN (2019) Form 5500
Creator: NEDERMAN HOLDING USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEDERMAN HOLDING USA, INC. 401(K) PLAN, NEDERMAN HOLDING USA, INC.

NEDERMAN HOLDING USA, INC.EIN 80-0699546Plan #001PY 2019

4404 CHESAPEAKE DRIVE, STE A - CHARLOTTE, NC 28216336-821-0815LinkedIn201-500 employeesmachinery

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$30.2M

+19.0% from 2018

Total participants

480

+7.1% from 2018

Average account balance

$76,344

+4.0% from 2018

Annual return

19.45%

+24.30 pp from 2018

Benchmarks

See 2,415 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,415 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$41.71M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

447

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.

61.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$209

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 5 by compensation

Provider	Service type	Compensation
PROEQUITIES INC5+ years Filed as: PROEQUITIES, INC. Service code 26 · EIN 63-0879387	Advisory (Participants)	$55,444
MVP PLAN ADMINISTRATORS, INC.5+ years Filed as: MVP PLAN ADMINISTRATORS Service code 13 · EIN 56-2263714	Contract Administrator	$8,215
CHARLES SCHWAB & CO., INC.5+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$7,231
DMJ & CO., PLLC5+ years Filed as: DMJ WEALTH ADVISORS, LLC Service code 26	Advisory (Participants)	$0
PENSION PLANNING SOLUTIONS1 year Service code 26 · EIN 56-2155553	Advisory (Participants)	$0

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$71K

$178 / participant

Investment mgmt$55K78.2%
Contract admin$8K11.6%
Other / not subdivided$7K10.3%

% of EOY assets

0.235%

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: GREER WALKER LLP
Auditor EIN: 561434747
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,344

$73,404+4.0%

$87,104-12.4%

$67,579+13.0%

Participation rate

78.9%

80.9%-2.0pp

76.9%+2.0pp

71.3%+7.6pp

Annual return

19.45%

48.29%-28.8pp

28.19%-8.7pp

378.56%-359.1pp

Employer contribution / active EE

$1,893

$2,014-6.0%

$2,521-24.9%

$2,148-11.9%

Participant deferral / active EE

$3,642

$3,913-6.9%

$4,048-10.0%

$3,539+2.9%

Admin fee / account holder

$179

$142+26.5%

$7,491-97.6%

$142+25.9%

Provider

Service type

Compensation

PROEQUITIES INC5+ years

Filed as: PROEQUITIES, INC.

Service code 26 · EIN 63-0879387

Advisory (Participants)

$55,444

MVP PLAN ADMINISTRATORS, INC.5+ years

Filed as: MVP PLAN ADMINISTRATORS

Service code 13 · EIN 56-2263714

Contract Administrator

$8,215

CHARLES SCHWAB & CO., INC.5+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$7,231

DMJ & CO., PLLC5+ years

Filed as: DMJ WEALTH ADVISORS, LLC

Service code 26

Advisory (Participants)

PENSION PLANNING SOLUTIONS1 year

Service code 26 · EIN 56-2155553

Advisory (Participants)

NEDERMAN HOLDING USA, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEDERMAN HOLDING USA, INC. 401(K) PLAN

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