Retirement plan

AUTOKINITON UNION RETIREMENT SAVINGS PLAN

Name: AUTOKINITON US HOLDINGS, INC. - AUTOKINITON UNION RETIREMENT SAVINGS PLAN (2023) 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 2023

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

Other plans on this EIN

1 filing

#001Retirement-$265.0M assets

Prospect flagsLow returnsLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$79.8M

-6.9% from 2023

Total participants

2,104

-7.0% from 2023

Average account balance

$44,293

-1.3% from 2023

Annual return

15.71%

-28.54 pp from 2023

Benchmarks

See 809 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort809 peers

Snapshot2023

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907	Recordkeeping	$69,217
WILLIS TOWERS WATSON US LLC1 year Filed as: TOWERS WATSON INVESTMENT SERVICES I Service code 99 LOCKBOX 28025 · CHICAGO, IL 60673	Other Fees	$19,531
DOEREN MAYHEW1 year Filed as: DOEREN MAYHEW & CO., P.C. Service code 10 2600 N. LOOP WEST, SUITE 600 · HOUSTON, TX 77092	Accounting	$12,000
BAKER TILLY US, LLP1 year Filed as: BAKER TILLY US LLP Service code 10 2599 WILMINGTON RD · NEW CASTLE, PA 16105	Accounting	$8,750
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$3,354

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

3 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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$119K

$68 / participant

Recordkeeping$75K63.3%
Investment mgmt$23K19.3%
Other / not subdivided$21K17.5%

% of EOY assets

0.149%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: $20,750
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,293

$104,544-57.6%

$96,564-54.1%

$80,187-44.8%

Participation rate

82.8%

86.4%-3.6pp

76.0%+6.8pp

72.9%+9.9pp

Annual return

15.71%

21.79%-6.1pp

25.89%-10.2pp

40.40%-24.7pp

Employer contribution / active EE

$1,313

$3,527-62.8%

$2,967-55.7%

$2,980-55.9%

Participant deferral / active EE

$2,530

$6,170-59.0%

$4,852-47.8%

$5,016-49.6%

Admin fee / account holder

$66

$107-38.3%

$8,256-99.2%

$145-54.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 15 · EIN 84-0467907

Recordkeeping

$69,217

WILLIS TOWERS WATSON US LLC1 year

Filed as: TOWERS WATSON INVESTMENT SERVICES I

Service code 99

LOCKBOX 28025 · CHICAGO, IL 60673

Other Fees

$19,531

DOEREN MAYHEW1 year

Filed as: DOEREN MAYHEW & CO., P.C.

Service code 10

2600 N. LOOP WEST, SUITE 600 · HOUSTON, TX 77092

Accounting

$12,000

BAKER TILLY US, LLP1 year

Filed as: BAKER TILLY US LLP

Service code 10

2599 WILMINGTON RD · NEW CASTLE, PA 16105

Accounting

$8,750

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$3,354

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