Retirement plan

MANUFACTURING MAINTENANCE SOLUTIONS, INC. 401(K) PLAN

Name: MANUFACTURING MAINTENANCE SOLUTIONS, INC. - MANUFACTURING MAINTENANCE SOLUTIONS, INC. 401(K) PLAN (2020) Form 5500
Creator: MANUFACTURING MAINTENANCE SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MANUFACTURING MAINTENANCE SOLUTIONS, INC. 401(K) PLAN, MANUFACTURING MAINTENANCE SOLUTIONS, INC.

MANUFACTURING MAINTENANCE SOLUTIONS, INC.EIN 82-0560255Plan #001PY 2020

14646 WATSON ROAD - PEKIN, IL 61554309-263-6077mmsteam.comLinkedIn201-500 employeesmachinery

Other plans on this EIN

1 filing

#002Retirement-$918K assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$4.5M

+7.5% from 2019

Total participants

112

+21.7% from 2019

Average account balance

$75,419

+25.5% from 2019

Annual return

12.34%

-14.07 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.40M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

35.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$351K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6180

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

Top 8 by compensation

Provider	Service type	Compensation
IPI WEALTH MANAGEMENT INC4 years Filed as: IPI WEALTH MANAGEMENT, INC. Service code 27 · EIN 36-4061968	Advisory (Plan)	$11,627
ALLIANCE BENEFIT GROUP4 years Filed as: ALLIANCE BENEFIT GROUP OF ILLINOIS Service code 15 · EIN 37-0899315	Recordkeeping	$3,088
EPIC RETIREMENT PLAN SERVICES1 year Service code 15 · EIN 16-1450952	Recordkeeping	$2,898
CETERA ADVISOR NETWORKS LLC2 years Filed as: CETERA ADVISOR NETWORK Service code 27 · EIN 35-3845382	Advisory (Plan)	$2,848
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO, INC. Service code 59	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.4 years Service code 59	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB TRUST COMPANY Service code 52	Indirect Investment Fees	$0
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLS SCHWAB & CO., INC. Service code 59	Shareholder Servicing	$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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$25K

$247 / participant

Other / not subdivided$25K100.0%

% of EOY assets

0.558%

all-in expense ratio

Categories reported

0 / 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: PHILLIPS, SALMI & ASSOCIATES, LLP
Auditor EIN: 272509623
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,419

$66,124+14.1%

$90,440-16.6%

$73,493+2.6%

Participation rate

49.0%

69.7%-20.7pp

72.7%-23.7pp

70.7%-21.7pp

Annual return

12.34%

17.65%-5.3pp

1294.38%-1282.0pp

28.51%-16.2pp

Employer contribution / active EE

$2,346-100.0%

$3,263-100.0%

$2,270-100.0%

Participant deferral / active EE

$2,990

$3,039-1.6%

$3,964-24.6%

$3,740-20.0%

Admin fee / account holder

$421

$396+6.2%

$5,615-92.5%

$513-18.0%

Provider

Service type

Compensation

IPI WEALTH MANAGEMENT INC4 years

Filed as: IPI WEALTH MANAGEMENT, INC.

Service code 27 · EIN 36-4061968

Advisory (Plan)

$11,627

ALLIANCE BENEFIT GROUP4 years

Filed as: ALLIANCE BENEFIT GROUP OF ILLINOIS

Service code 15 · EIN 37-0899315

Recordkeeping

$3,088

EPIC RETIREMENT PLAN SERVICES1 year

Service code 15 · EIN 16-1450952

Recordkeeping

$2,898

CETERA ADVISOR NETWORKS LLC2 years

Filed as: CETERA ADVISOR NETWORK

Service code 27 · EIN 35-3845382

Advisory (Plan)

$2,848

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO, INC.

Service code 59

Shareholder Servicing

CHARLES SCHWAB & CO., INC.4 years

Service code 59

Shareholder Servicing

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB TRUST COMPANY

Service code 52

Indirect Investment Fees

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLS SCHWAB & CO., INC.

Service code 59

Shareholder Servicing

MANUFACTURING MAINTENANCE SOLUTIONS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MANUFACTURING MAINTENANCE SOLUTIONS, 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