Retirement plan

ADVANCED MECHANICAL, INC., 401K PROFIT SHARING PLAN

Name: ADVANCED MECHANICAL, INC. - ADVANCED MECHANICAL, INC., 401K PROFIT SHARING PLAN (2016) Form 5500
Creator: ADVANCED MECHANICAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADVANCED MECHANICAL, INC., 401K PROFIT SHARING PLAN, ADVANCED MECHANICAL, INC.

ADVANCED MECHANICAL, INC.EIN 93-1321840Plan #001PY 2016

P.O. BOX 397 - BROWNSVILLE, OR 973270397541-466-3939

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.2M

+29.5% from 2015

Total participants

+42.4% from 2015

Average account balance

$42,915

+11.0% from 2015

Annual return

6.83%

+15.59 pp from 2015

Benchmarks

See 15,088 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort15,088 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.34M

Not enough data

1 years with asset history on file

Average account balance

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

$150K

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.

74.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$394K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+9.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12425

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 codes2E2F2G2J3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$24K

$921 / participant

Other / not subdivided$24K100.0%

% of EOY assets

1.992%

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

$42,915

$60,352-28.9%

$74,185-42.2%

$62,881-31.8%

Participation rate

26.9%

72.7%-45.8pp

76.6%-49.7pp

69.3%-42.4pp

Annual return

6.83%

21.37%-14.5pp

17.74%-10.9pp

20.14%-13.3pp

Employer contribution / active EE

$2,906

$1,680+72.9%

$2,370+22.6%

$2,281+27.4%

Participant deferral / active EE

$5,941

$2,856+108.0%

$3,550+67.4%

$3,203+85.5%

Admin fee / account holder

$855

$4,261-79.9%

$5,586-84.7%

$4,296-80.1%

ADVANCED MECHANICAL, INC., 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADVANCED MECHANICAL, INC., 401K PROFIT SHARING 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