Retirement plan

ENERCON TECHNOLOGIES 401(K) PLAN

Name: ENERCON TECHNOLOGIES - ENERCON TECHNOLOGIES 401(K) PLAN (2024) Form 5500
Creator: ENERCON TECHNOLOGIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENERCON TECHNOLOGIES 401(K) PLAN, ENERCON TECHNOLOGIES

ENERCON TECHNOLOGIESEIN 01-0374055Plan #001PY 2024

25 NORTHBROOK DR., PO BOX 665 - GRAY, ME 04039207-657-7000enercontechnologies.comLinkedIn201-500 employeesconsumer electronics

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed January 1, 2012

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$15.6M

+20.5% from 2023

Total participants

303

-2.9% from 2023

Average account balance

$55,546

+17.4% from 2023

Annual return

11.73%

-1.84 pp from 2023

Benchmarks

See 4,099 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,099 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.55M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

280

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.

90.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$92

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
LPL FINANCIAL8 years Filed as: LPL FINANCIAL LLC Service code 55 PO BOX 509026 · SAN DIEGO, CA 921509026	Other Commissions	$33,818
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$27,709
DOWNEAST PENSION SERVICES, INC.3 years Filed as: DOWNEAST PENSION SERVICES INC Service code 13	Contract Administrator	$10,000
DOWNEAST PENSION SERVICES, INC.8 years Filed as: DOWNEAST PENSION SERVICES Service code 13 41 CAMPUS DRIVE, SUITE 302 · NEW GLOUCESTER, ME 04260	Contract Administrator	$2,475

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$26K

$110 / participant

Contract admin$26K100.0%

% of EOY assets

0.165%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PURDY POWERS & COMPANY
Auditor EIN: 010463013
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,546

$79,223-29.9%

$102,460-45.8%

$74,478-25.4%

Participation rate

90.2%

74.8%+15.4pp

76.5%+13.7pp

67.2%+22.9pp

Annual return

11.73%

54.98%-43.2pp

29.47%-17.7pp

1370.56%-1358.8pp

Employer contribution / active EE

$2,176

$2,363-7.9%

$3,025-28.1%

$2,626-17.2%

Participant deferral / active EE

$4,723

$4,417+6.9%

$5,056-6.6%

$4,350+8.6%

Admin fee / account holder

$92

$2,003-95.4%

$9,460-99.0%

$1,946-95.3%

Provider

Service type

Compensation

LPL FINANCIAL8 years

Filed as: LPL FINANCIAL LLC

Service code 55

PO BOX 509026 · SAN DIEGO, CA 921509026

Other Commissions

$33,818

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$27,709

DOWNEAST PENSION SERVICES, INC.3 years

Filed as: DOWNEAST PENSION SERVICES INC

Service code 13

Contract Administrator

$10,000

DOWNEAST PENSION SERVICES, INC.8 years

Filed as: DOWNEAST PENSION SERVICES

Service code 13

41 CAMPUS DRIVE, SUITE 302 · NEW GLOUCESTER, ME 04260

Contract Administrator

$2,475

ENERCON TECHNOLOGIES 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENERCON TECHNOLOGIES 401(K) PLAN

Top hat statement on fileNQDC

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