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 (2023) 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 2023

8770 W BRYN MAWR AVE., SUITE 100 - CHICAGO, IL 606313782847-437-5800LinkedIn11-50 employees

Other plans on this EIN

2 filings

#002Retirement-$452.8M assets #006Retirement-$76.7M assets

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$14.6M

-1.5% from 2016

Total participants

441

+9.9% from 2016

Average account balance

$84,555

-12.4% from 2016

Annual return

16.62%

-6.59 pp from 2016

Benchmarks

See 2,421 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,421 peers

Snapshot2023

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	$11,361

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.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$16K

$39 / participant

Recordkeeping$11K71.4%
Investment mgmt$5K28.6%

% of EOY assets

0.108%

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: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,555

$99,212-14.8%

$96,564-12.4%

$74,478+13.5%

Participation rate

34.6%

80.7%-46.0pp

76.0%-41.4pp

70.7%-36.1pp

Annual return

16.62%

22.40%-5.8pp

25.89%-9.3pp

34.37%-17.8pp

Employer contribution / active EE

$2,569-100.0%

$2,967-100.0%

$2,637-100.0%

Participant deferral / active EE

$1,896

$4,938-61.6%

$4,852-60.9%

$4,530-58.1%

Admin fee / account holder

$92

$225-59.3%

$8,256-98.9%

$347-73.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

$11,361

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