Retirement plan

NFI GROUP 401(K) PLAN - NF ST. CLOUD & CROOKSTON UNION PLAN

Name: NEW FLYER HOLDINGS, INC. - NFI GROUP 401(K) PLAN - NF ST. CLOUD & CROOKSTON UNION PLAN (2021) 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 - NF ST. CLOUD & CROOKSTON UNION PLAN, NEW FLYER HOLDINGS, INC.

NEW FLYER HOLDINGS, INC.EIN 98-0468607Plan #003PY 2021

847-285-2100

Other plans on this EIN

2 filings

#001Retirement-$131.8M assets #002Retirement-$15.0M assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$25.3M

+18.1% from 2020

Total participants

957

-19.0% from 2020

Average account balance

$32,021

+56.7% from 2020

Annual return

15.24%

+61.62 pp from 2020

Benchmarks

See 1,172 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,172 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.48M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

1,717

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.

62.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.15M

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

+23.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$102

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
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 15 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$88,422
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: ADVISED ASSETS GROUP, LLC Service code 26 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Advisory (Participants)	$13,699
DELOITTE & TOUCHE LLP1 year Filed as: DELOITTE TAX LLP Service code 99 PO BOX 2079 · CAROL STREAM, IL 601322079	Other Fees	$13,500

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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$116K

$133 / participant

Other / not subdivided$116K100.0%

% of EOY assets

0.457%

all-in expense ratio

Categories reported

0 / 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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,021

$93,131-65.6%

$106,554-69.9%

$86,821-63.1%

Participation rate

80.7%

81.4%-0.8pp

76.1%+4.5pp

72.3%+8.4pp

Annual return

15.24%

19.45%-4.2pp

26.80%-11.6pp

97.94%-82.7pp

Employer contribution / active EE

$1,108

$2,895-61.7%

$2,819-60.7%

$2,406-53.9%

Participant deferral / active EE

$1,429

$4,708-69.6%

$4,398-67.5%

$4,132-65.4%

Admin fee / account holder

$146

$145+1.0%

$7,408-98.0%

$170-13.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 15

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$88,422

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 26

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Advisory (Participants)

$13,699

DELOITTE & TOUCHE LLP1 year

Filed as: DELOITTE TAX LLP

Service code 99

PO BOX 2079 · CAROL STREAM, IL 601322079

Other Fees

$13,500

NFI GROUP 401(K) PLAN - NF ST. CLOUD & CROOKSTON UNION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NFI GROUP 401(K) PLAN - NF ST. CLOUD & CROOKSTON 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