401(k) Retirement Plan · Active
Acme Widgets Inc 401(k) Plan
Acme Widgets Inc·EIN 12-3456789
1450 Industrial Parkway · Akron, OH 44310·(330) 555-0142
Plan year
2023
Plan #
001
Industry
Fabricated Metal Product Manufacturing
Filing ACK
202310310958…
Prospect flagsLow participationLow employer contributionLow fidelity bondCorrective distributions
Summary metrics
Total assets (EOY)
$22.8M
$58,056 per participant
Active participants
393
78.0% participation
Participation rate
78.0%
43rd percentile
Annual return
5.91%
71st percentile
Admin expense
0.45%
% of assets
Section 02
How this plan compares
Peer groupIndustry333 - Machinery Manufacturing, Assets$10M-$50M, Participants250-1,000, Snapshot2023
- Participant contribution$3,00948th pctile
- Employer contribution$1,56632nd pctile
- Participation rate78.0%43rd pctile
- Assets per participant$58,05659th pctile
- Expense efficiency$26173rd pctile
- Annual return5.91%71st pctile
Overall peer rank
- Bottom quartile
- Mid
- Top quartile
Averaged across 6 normalized metrics within the selected peer group.
Fee trend
Return trend
Section 03
10-year trajectory2014 - 2023
How plan year 2023 played out
Asset flow
+$2.20M
Start of year to end of year
Section 04
Service providers
Top 6 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Empower Retirement, LLC Service code 64 | Recordkeeping Fees | $71,200 |
Captrust Financial Advisors Service code 27 | Advisory (Plan) | $44,800 |
Mercer Trust Company Service code 19 | Securities Custodian | $12,500 |
Baker Tilly US, LLP Service code 10 | Accounting | $18,750 |
Groom Law Group Service code 29 | Legal | $6,400 |
Morningstar Investment Services Service code 28 | Investment Management | $9,900 |
Section 05Plan features & details
ShowHide features, contributions, expenses, fidelity bond & compliancePension benefit codes2E2F2G2S2T
Section 05
Plan features & details
ShowHide features, contributions, expenses, fidelity bond & compliance
Pension benefit codes2E2F2G2S2T
Plan features
- 2EProfit-sharingProfit-sharing plan — employer contributions are discretionary and allocated per the plan's formula.
- 2FERISA 404(c)Plan is intended to meet the requirements of ERISA §404(c) giving participants control over the investment of their accounts.
- 2GElective deferrals (401(k))Plan provides for automatic enrollment with pre-tax and/or Roth elective deferrals under §401(k).
- 2SPlan loansPlan permits participant loans from account balances.
- 2TTotal or partial participant-directed account planPlan is a total or partial participant-directed account plan.
- 3HAuto-enrollmentPlan features automatic enrollment of eligible employees at a default deferral rate.
- 3DSafe harbor matchPlan is designed to satisfy the ADP safe harbor via a prescribed matching contribution.
Contributions
Employer total$615,300
Participant total$1,182,400
Employer / P$1,566
Participant / P$3,009
Expenses
Admin expenses$102,700
Per participant$261.32
% of assets0.45%
Fidelity bond
Coverage amount$500,000
% of assets2.19%Below ERISA §412 10% minimum
Section 06
Other plans under this sponsor
Same EIN ·12-3456789