Retirement plan

MANUFACTURING MAINTENANCE SOLUTIONS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: MANUFACTURING MAINTENANCE SOLUTIONS, INC. - MANUFACTURING MAINTENANCE SOLUTIONS, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2019) Form 5500
Creator: MANUFACTURING MAINTENANCE SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MANUFACTURING MAINTENANCE SOLUTIONS, INC. EMPLOYEE STOCK OWNERSHIP PLAN, MANUFACTURING MAINTENANCE SOLUTIONS, INC.

MANUFACTURING MAINTENANCE SOLUTIONS, INC.EIN 82-0560255Plan #002PY 2019

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

Other plans on this EIN

1 filing

#001Retirement-$4.2M assets

Prospect flagsHigh feesLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$1M

+110.1% from 2018

Total participants

117

+4.5% from 2018

Average account balance

$8,856

+83.2% from 2018

Annual return

80.13%

+79.88 pp from 2018

Benchmarks

See 8,598 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,598 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.63M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

240

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$404K

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

+8.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$152

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
GBQ CONSULTING1 year Filed as: GBQ CONSULTING, LLC Service code 34 · EIN 20-2122189 230 WEST STREET, SUITE 700 · COLUMBUS, OH 43215	Valuation (appraisals, etc.)	$26,898
R. P. MILLS ASSOCIATES, INC.1 year Filed as: MILLS, POTOCZAK AND CO. Service code 24 · EIN 34-1664751 27600 CHAGRIN BLVD. #200 · CLEVELAND, OH 44122	Discretionary Trustee	$14,014
STEVENS & LEE1 year Filed as: STEVENS & LEE P.C. Service code 17 · EIN 23-1886296 111 N SIXTH ST., PO BOX 679 · READING, PA 196030679	Pension Consulting	$11,423
ALLIANCE BENEFIT GROUP1 year Filed as: ALLIANCE BENEFIT GROUP OF ILLINOIS Service code 64 · EIN 37-0899315 456 FULTON STREET, STE 345 · PEORIA, IL 61602	Recordkeeping Fees	$6,420
MILLER, HALL & TRIGGS, LLC1 year Service code 17 · EIN 37-1242916 416 MAIN STREET, STE 1125 · PEORIA, IL 61602	Pension Consulting	$5,052

Plan features & details

Pension benefit codes2O2Q

Plan features

2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.

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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$64K

$799 / participant

Investment mgmt$63K98.5%
Other / not subdivided$9451.5%

% of EOY assets

6.167%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PHILLIPS, SALMI & ASSOCIATES, LLP
Auditor EIN: 272509623
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,856

$54,763-83.8%

$90,324-90.2%

$72,976-87.9%

Participation rate

100.0%

65.2%+34.8pp

73.3%+26.7pp

69.5%+30.5pp

Annual return

80.13%

30.63%+49.5pp

78.15%+2.0pp

81.02%-0.9pp

Employer contribution / active EE

$2,272

$2,093+8.5%

$2,856-20.5%

$2,440-6.9%

Participant deferral / active EE

$2,887-100.0%

$3,885-100.0%

$3,608-100.0%

Admin fee / account holder

$546

$3,973-86.3%

$5,356-89.8%

$5,124-89.3%

Provider

Service type

Compensation

GBQ CONSULTING1 year

Filed as: GBQ CONSULTING, LLC

Service code 34 · EIN 20-2122189

230 WEST STREET, SUITE 700 · COLUMBUS, OH 43215

Valuation (appraisals, etc.)

$26,898

R. P. MILLS ASSOCIATES, INC.1 year

Filed as: MILLS, POTOCZAK AND CO.

Service code 24 · EIN 34-1664751

27600 CHAGRIN BLVD. #200 · CLEVELAND, OH 44122

Discretionary Trustee

$14,014

STEVENS & LEE1 year

Filed as: STEVENS & LEE P.C.

Service code 17 · EIN 23-1886296

111 N SIXTH ST., PO BOX 679 · READING, PA 196030679

Pension Consulting

$11,423

ALLIANCE BENEFIT GROUP1 year

Filed as: ALLIANCE BENEFIT GROUP OF ILLINOIS

Service code 64 · EIN 37-0899315

456 FULTON STREET, STE 345 · PEORIA, IL 61602

Recordkeeping Fees

$6,420

MILLER, HALL & TRIGGS, LLC1 year

Service code 17 · EIN 37-1242916

416 MAIN STREET, STE 1125 · PEORIA, IL 61602

Pension Consulting

$5,052

MANUFACTURING MAINTENANCE SOLUTIONS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MANUFACTURING MAINTENANCE SOLUTIONS, INC. EMPLOYEE STOCK OWNERSHIP 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