Retirement plan

PRECISION MACHINE AND MANUFACTURING, INC. PROFIT SHARING 401(K) PLAN

Name: PRECISION MACHINE AND MANUFACTURING, INC. - PRECISION MACHINE AND MANUFACTURING, INC. PROFIT SHARING 401(K) PLAN (2020) Form 5500
Creator: PRECISION MACHINE AND MANUFACTURING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRECISION MACHINE AND MANUFACTURING, INC. PROFIT SHARING 401(K) PLAN, PRECISION MACHINE AND MANUFACTURING, INC.

PRECISION MACHINE AND MANUFACTURING, INC.EIN 93-0749557Plan #001PY 2020

1290 S BERTELSEN ROAD - EUGENE, OR 97402541-484-9841premach.comLinkedIn11-50 employeesmechanical or industrial engineering

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$714K

+1.5% from 2019

Total participants

-8.1% from 2019

Average account balance

$23,793

-5.3% from 2019

Annual return

14.54%

+0.34 pp from 2019

Benchmarks

See 14,881 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,881 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.33M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

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.

111.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$298K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+24.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3530

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$199K

$6869 / participant

Other / not subdivided$199K100.0%

% of EOY assets

27.906%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,793

$78,428-69.7%

$95,960-75.2%

$79,852-70.2%

Participation rate

86.2%

73.5%+12.7pp

77.1%+9.1pp

69.6%+16.6pp

Annual return

14.54%

19.37%-4.8pp

91.63%-77.1pp

31.72%-17.2pp

Employer contribution / active EE

$607

$1,945-68.8%

$2,541-76.1%

$2,471-75.4%

Participant deferral / active EE

$2,864

$3,440-16.7%

$4,167-31.3%

$3,740-23.4%

Admin fee / account holder

$6,640

$5,622+18.1%

$6,797-2.3%

$5,306+25.1%

PRECISION MACHINE AND MANUFACTURING, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRECISION MACHINE AND MANUFACTURING, INC. PROFIT SHARING 401(K) 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