Retirement plan

ALTRON AUTOMATION GROUP, INC. 401(K) RETIREMENT PL

Name: ALTRON AUTOMATION GROUP, INC. - ALTRON AUTOMATION GROUP, INC. 401(K) RETIREMENT PL (2021) Form 5500
Creator: ALTRON AUTOMATION GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALTRON AUTOMATION GROUP, INC. 401(K) RETIREMENT PL, ALTRON AUTOMATION GROUP, INC.

ALTRON AUTOMATION GROUP, INC.EIN 85-4784989Plan #001PY 2021

3523 HIGHLAND DRIVE - HUDSONVILLE, MI 49426616-669-7711altronautomation.comLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$16.2M

No prior year

Total participants

183

No prior year

Average account balance

$92,657

No prior year

Annual return

16.01%

No prior year

Benchmarks

See 4,054 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,054 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.01M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

161

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+15.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$231

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 10 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 49 · EIN 84-0467907	Other Services	$71,509
ALGER1+ years Service code 52 · EIN 13-2665689	Indirect Investment Fees	$0
AMERICAN CENTURY1+ years Service code 52 · EIN 44-6006315	Indirect Investment Fees	$0
AMERICAN FUNDS1+ years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COLUMBIA1+ years Service code 52 · EIN 94-1687665	Indirect Investment Fees	$0
INVESCO1+ years Service code 52 · EIN 93-1036175	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT1+ years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
NEXTCAPITAL GROUP, INC.1+ years Filed as: NEXTCAPITAL ADVISERS, INC. Service code 99 · EIN 47-2342699	Other Fees	$0
PIMCO FUNDS1+ years Service code 52 · EIN 95-2632339	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2S2T

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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$72K

$467 / participant

Investment mgmt$69K97.1%
Contract admin$2K2.9%

% of EOY assets

0.441%

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: HUNGERFORD NICHOLS
Auditor EIN: 382184825
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,657

$84,936+9.1%

$111,308-16.8%

$79,391+16.7%

Participation rate

94.8%

75.9%+18.9pp

77.3%+17.5pp

70.7%+24.1pp

Annual return

16.01%

17.45%-1.4pp

54.67%-38.7pp

116.88%-100.9pp

Employer contribution / active EE

$1,784

$1,979-9.9%

$2,732-34.7%

$2,428-26.5%

Participant deferral / active EE

$6,145

$3,888+58.0%

$4,487+36.9%

$4,046+51.9%

Admin fee / account holder

$409

$537-23.9%

$7,965-94.9%

$627-34.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 49 · EIN 84-0467907

Other Services

$71,509

ALGER1+ years

Service code 52 · EIN 13-2665689

Indirect Investment Fees

AMERICAN CENTURY1+ years

Service code 52 · EIN 44-6006315

Indirect Investment Fees

AMERICAN FUNDS1+ years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COLUMBIA1+ years

Service code 52 · EIN 94-1687665

Indirect Investment Fees

INVESCO1+ years

Service code 52 · EIN 93-1036175

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT1+ years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

NEXTCAPITAL GROUP, INC.1+ years

Filed as: NEXTCAPITAL ADVISERS, INC.

Service code 99 · EIN 47-2342699

Other Fees

PIMCO FUNDS1+ years

Service code 52 · EIN 95-2632339

Indirect Investment Fees

ALTRON AUTOMATION GROUP, INC. 401(K) RETIREMENT PL

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALTRON AUTOMATION GROUP, INC. 401(K) RETIREMENT PL

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