Retirement plan

ELECTRONIC SHEETMETAL CRAFTSMEN, INC. 401(K) PROFIT SHARING PLAN

Name: ELECTRONIC SHEETMETAL CRAFTSMEN, INC. - ELECTRONIC SHEETMETAL CRAFTSMEN, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: ELECTRONIC SHEETMETAL CRAFTSMEN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELECTRONIC SHEETMETAL CRAFTSMEN, INC. 401(K) PROFIT SHARING PLAN, ELECTRONIC SHEETMETAL CRAFTSMEN, INC.

ELECTRONIC SHEETMETAL CRAFTSMEN, INC.EIN 04-2300684Plan #001PY 2023

120 CENTRAL STREET - STOUGHTON, MA 02072781-341-3260escinc.bizLinkedIn11-50 employeesconsumer goods

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.3M

+13.4% from 2022

Total participants

+8.7% from 2022

Average account balance

$74,786

+13.4% from 2022

Annual return

11.55%

+27.49 pp from 2022

Benchmarks

See 22,651 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,651 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.42M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

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.

70.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$44K

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

+15.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$168

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2H2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$30K

$1367 / participant

Other / not subdivided$30K100.0%

% of EOY assets

2.234%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,786

$110,307-32.2%

$96,576-22.6%

$139,456-46.4%

Participation rate

68.2%

78.1%-9.9pp

76.0%-7.8pp

80.3%-12.1pp

Annual return

11.55%

26.40%-14.9pp

25.87%-14.3pp

373.45%-361.9pp

Employer contribution / active EE

$3,619-100.0%

$2,965-100.0%

$4,753-100.0%

Participant deferral / active EE

$2,256

$5,547-59.3%

$4,851-53.5%

$6,711-66.4%

Admin fee / account holder

$1,671

$11,597-85.6%

$8,253-79.8%

$11,407-85.4%

ELECTRONIC SHEETMETAL CRAFTSMEN, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELECTRONIC SHEETMETAL CRAFTSMEN, INC. 401(K) PROFIT SHARING 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