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 (2024) 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 2024

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

Other plans on this EIN

2 filings

#002Retirement-$509.5M assets #006Retirement-$81.4M assets

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$15.5M

+6.0% from 2023

Total participants

517

+17.2% from 2023

Average account balance

$83,803

-0.9% from 2023

Annual return

14.16%

-2.46 pp from 2023

Benchmarks

See 2,381 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,381 peers

Snapshot2024

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 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL5 years Service code 37 · EIN 04-2647786	Loan Processing	$9,259
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$5,246

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

$14K

$29 / participant

Trustee / custodial$5K36.7%
Investment mgmt$9K61.2%
Contract admin$3002.1%

% of EOY assets

0.092%

all-in expense ratio

Categories reported

3 / 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

$83,803

$89,067-5.9%

$102,423-18.2%

$77,714+7.8%

Participation rate

32.1%

80.9%-48.8pp

76.5%-44.4pp

70.6%-38.5pp

Annual return

14.16%

25.01%-10.9pp

29.42%-15.3pp

31.26%-17.1pp

Employer contribution / active EE

$2,699-100.0%

$3,023-100.0%

$2,727-100.0%

Participant deferral / active EE

$2,026

$5,147-60.6%

$5,054-59.9%

$4,649-56.4%

Admin fee / account holder

$77

$236-67.2%

$9,455-99.2%

$433-82.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Service code 37 · EIN 04-2647786

Loan Processing

$9,259

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$5,246

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