Retirement plan

NFI GROUP 401(K) PLAN - MCI PEMBINA UNION PLAN

Name: NEW FLYER HOLDINGS, INC. - NFI GROUP 401(K) PLAN - MCI PEMBINA UNION PLAN (2024) Form 5500
Creator: NEW FLYER HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NFI GROUP 401(K) PLAN - MCI PEMBINA UNION PLAN, NEW FLYER HOLDINGS, INC.

NEW FLYER HOLDINGS, INC.EIN 98-0468607Plan #002PY 2024

200 E. OAKTON STREET - DES PLAINES, IL 60018847-285-2100

Other plans on this EIN

2 filings

#001Retirement-$140.0M assets #003Retirement-$34.5M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$14.2M

+7.0% from 2023

Total participants

129

-6.5% from 2023

Average account balance

$130,275

+6.0% from 2023

Annual return

11.98%

-3.69 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.20M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

109

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.

80.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$441K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$400

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 4 by compensation

Provider	Service type	Compensation
AON CONSULTING5 years Filed as: AON INVESTMENTS USA INC Service code 27 39584 TREASURY CENTER · CHICAGO, IL 606949500	Advisory (Plan)	$17,212
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907	Recordkeeping	$9,641
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$7,196
MILLER COOPER & CO LTD4 years Service code 10 1751 LAKE COOK RD STE 400 · DEERFIELD, IL 60015	Accounting	$4,825

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$44K

$431 / participant

Recordkeeping$14K32.9%
Investment mgmt$24K56.0%
Other / not subdivided$5K11.1%

% of EOY assets

0.307%

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: MILLER COOPER & CO.LTD
Auditor EIN: 362897372
Audit fees: $4,825
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$130,275

$79,209+64.5%

$102,434+27.2%

$74,459+75.0%

Participation rate

80.2%

74.8%+5.4pp

76.5%+3.7pp

67.2%+13.0pp

Annual return

11.98%

54.98%-43.0pp

29.46%-17.5pp

1369.70%-1357.7pp

Employer contribution / active EE

$2,362-100.0%

$3,023-100.0%

$2,626-100.0%

Participant deferral / active EE

$4,368

$4,417-1.1%

$5,055-13.6%

$4,350+0.4%

Admin fee / account holder

$400

$2,002-80.0%

$9,462-95.8%

$1,945-79.4%

Provider

Service type

Compensation

AON CONSULTING5 years

Filed as: AON INVESTMENTS USA INC

Service code 27

39584 TREASURY CENTER · CHICAGO, IL 606949500

Advisory (Plan)

$17,212

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 15 · EIN 84-0467907

Recordkeeping

$9,641

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$7,196

MILLER COOPER & CO LTD4 years

Service code 10

1751 LAKE COOK RD STE 400 · DEERFIELD, IL 60015

Accounting

$4,825

NFI GROUP 401(K) PLAN - MCI PEMBINA UNION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NFI GROUP 401(K) PLAN - MCI PEMBINA UNION 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