Retirement plan

GLOBE MACHINE MANUFACTURING COMPANY 401(K) PROFIT SHARING PLAN AND TRUST

Name: GLOBE MACHINE MANUFACTURING COMPANY - GLOBE MACHINE MANUFACTURING COMPANY 401(K) PROFIT SHARING PLAN AND TRUST (2019) Form 5500
Creator: GLOBE MACHINE MANUFACTURING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GLOBE MACHINE MANUFACTURING COMPANY 401(K) PROFIT SHARING PLAN AND TRUST, GLOBE MACHINE MANUFACTURING COMPANY

GLOBE MACHINE MANUFACTURING COMPANYEIN 91-0235240Plan #001PY 2019

PO BOX 2274 - TACOMA, WA 98401253-383-2584globemachine.comLinkedIn51-200 employeesmachinery

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.7M

+13.3% from 2018

Total participants

159

-13.6% from 2018

Average account balance

$62,125

+32.9% from 2018

Annual return

19.25%

+22.36 pp from 2018

Benchmarks

See 4,276 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,276 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.17M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

172

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.56M

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

+10.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$627

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
MOSS ADAMS LLP1 year Filed as: MOSS ADAMS Service code 10	Accounting	$35,000
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES LLC Service code 27	Advisory (Plan)	$17,015
HUNNEX AND SHOEMAKER, INC.3 years Filed as: HUNNEX AND SHOMAKER, INC. Service code 13	Contract Administrator	$7,154
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: PUTNAM INVESTMENTS Service code 64	Recordkeeping Fees	$5,062
LPL FINANCIAL3 years Filed as: FINANCIAL ADVOCATES INVESTMENT MGMT Service code 99	Other Fees	$5,029

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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

1 tripped

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

$69K

$630 / participant

Other / not subdivided$69K100.0%

% of EOY assets

0.715%

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: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,125

$65,378-5.0%

$87,103-28.7%

$65,186-4.7%

Participation rate

97.3%

75.3%+21.9pp

76.9%+20.4pp

70.2%+27.1pp

Annual return

19.25%

31.28%-12.0pp

28.19%-8.9pp

29.39%-10.1pp

Employer contribution / active EE

$954

$1,823-47.7%

$2,521-62.2%

$2,177-56.2%

Participant deferral / active EE

$5,567

$3,389+64.3%

$4,049+37.5%

$3,514+58.4%

Admin fee / account holder

$444

$520-14.6%

$7,491-94.1%

$847-47.6%

Provider

Service type

Compensation

MOSS ADAMS LLP1 year

Filed as: MOSS ADAMS

Service code 10

Accounting

$35,000

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 27

Advisory (Plan)

$17,015

HUNNEX AND SHOEMAKER, INC.3 years

Filed as: HUNNEX AND SHOMAKER, INC.

Service code 13

Contract Administrator

$7,154

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: PUTNAM INVESTMENTS

Service code 64

Recordkeeping Fees

$5,062

LPL FINANCIAL3 years

Filed as: FINANCIAL ADVOCATES INVESTMENT MGMT

Service code 99

Other Fees

$5,029

GLOBE MACHINE MANUFACTURING COMPANY 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GLOBE MACHINE MANUFACTURING COMPANY 401(K) PROFIT SHARING PLAN AND TRUST

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