Retirement plan

KOMATSU AMERICA CORP. 401(K) DEFERRED SAVINGS PLAN FOR UNION HOURLY EMPLOYEES, PEORIA, ILLINOIS

Name: KOMATSU AMERICA CORP. - KOMATSU AMERICA CORP. 401(K) DEFERRED SAVINGS PLAN FOR UNION HOURLY EMPLOYEES, PEORIA, ILLINOIS (2018) Form 5500
Creator: KOMATSU AMERICA CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KOMATSU AMERICA CORP. 401(K) DEFERRED SAVINGS PLAN FOR UNION HOURLY EMPLOYEES, PEORIA, ILLINOIS, KOMATSU AMERICA CORP.

KOMATSU AMERICA CORP.EIN 94-1715128Plan #003PY 2018

1701 WEST GOLF ROAD, ONE CONTINENTAL TOWERS - ROLLING MEADOWS, IL 600084227847-437-5800LinkedIn11-50 employees

Other plans on this EIN

3 filings

#002Retirement-$310.0M assets #006Retirement-$62.1M assets #140Retirement--

Prospect flagsHigh cashLow participation

How to read this page

Total assets (EOY)

$13.5M

-1.5% from 2016

Total participants

501

+9.9% from 2016

Average account balance

$76,001

-12.4% from 2016

Annual return

-3.74%

-6.59 pp from 2016

Benchmarks

See 2,409 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,409 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.50M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

185

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.

32.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$991K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$77

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 3 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.4+ years Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$104
CHARLES SCHWAB & CO., INC.4+ years Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL Service code 59	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.4+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009	Directed Trustee	$0

Plan features & details

Pension benefit codes2E2F2G2J3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$6K

$12 / participant

Investment mgmt$4K74.5%
Other / not subdivided$1K25.5%

% of EOY assets

0.042%

all-in expense ratio

Categories reported

1 / 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: BAKER TILLY VIRCHOW KRAUSE, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,001

$65,118+16.7%

$76,768-1.0%

$55,727+36.4%

Participation rate

30.8%

79.6%-48.8pp

77.0%-46.2pp

70.9%-40.1pp

Annual return

-3.74%

-1.27%-2.5pp

2.43%-6.2pp

244.94%-248.7pp

Employer contribution / active EE

$1,941-100.0%

$2,485-100.0%

$2,078-100.0%

Participant deferral / active EE

$1,800

$3,688-51.2%

$3,852-53.3%

$3,356-46.4%

Admin fee / account holder

$32

$116-72.3%

$6,676-99.5%

$115-72.1%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.4+ years

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$104

CHARLES SCHWAB & CO., INC.4+ years

Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL

Service code 59

Shareholder Servicing

CHARLES SCHWAB & CO., INC.4+ years

Filed as: CHARLES SCHWAB BANK

Service code 25 · EIN 42-1558009

Directed Trustee

KOMATSU AMERICA CORP. 401(K) DEFERRED SAVINGS PLAN FOR UNION HOURLY EMPLOYEES, PEORIA, ILLINOIS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KOMATSU AMERICA CORP. 401(K) DEFERRED SAVINGS PLAN FOR UNION HOURLY EMPLOYEES, PEORIA, ILLINOIS

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