Retirement plan

AUTOKINITON UNION RETIREMENT SAVINGS PLAN

Name: AUTOKINITON US HOLDINGS, INC. - AUTOKINITON UNION RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: AUTOKINITON US HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AUTOKINITON UNION RETIREMENT SAVINGS PLAN, AUTOKINITON US HOLDINGS, INC.

AUTOKINITON US HOLDINGS, INC.EIN 82-5285212Plan #002PY 2022

17757 WOODLAND DRIVE - NEW BOSTON, MI 48164734-397-6300

Other plans on this EIN

1 filing

#001Retirement-$225.0M assets

Prospect flagsLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$74.3M

-6.9% from 2023

Total participants

1,957

-7.0% from 2023

Average account balance

$43,711

-1.3% from 2023

Annual return

-12.83%

-28.54 pp from 2023

Benchmarks

See 811 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort811 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$85.14M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

1,660

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.

81.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$71

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 4 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS Service code 15 · EIN 01-0233346	Recordkeeping	$115,029
DOEREN MAYHEW1+ years Service code 10 · EIN 38-2492570	Accounting	$13,000
THE BANK OF NEW YORK MELLON1+ years Filed as: BNY MELLON Service code 27 · EIN 13-3654072	Advisory (Plan)	$6,250
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$690

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$116K

$71 / participant

Contract admin$116K100.0%

% of EOY assets

0.156%

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: DOEREN MAYHEW
Auditor EIN: 382492570
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,711

$130,052-66.4%

$86,717-49.6%

$77,906-43.9%

Participation rate

84.2%

85.9%-1.7pp

76.6%+7.6pp

73.7%+10.5pp

Annual return

-12.83%

-12.73%-0.1pp

35.97%-48.8pp

12.16%-25.0pp

Employer contribution / active EE

$1,148

$3,214-64.3%

$2,837-59.5%

$2,846-59.7%

Participant deferral / active EE

$2,331

$5,741-59.4%

$4,657-49.9%

$4,805-51.5%

Admin fee / account holder

$68

$132-48.4%

$7,494-99.1%

$133-48.7%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS

Service code 15 · EIN 01-0233346

Recordkeeping

$115,029

DOEREN MAYHEW1+ years

Service code 10 · EIN 38-2492570

Accounting

$13,000

THE BANK OF NEW YORK MELLON1+ years

Filed as: BNY MELLON

Service code 27 · EIN 13-3654072

Advisory (Plan)

$6,250

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$690

AUTOKINITON UNION RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AUTOKINITON UNION RETIREMENT SAVINGS 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