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 (2024) 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 2024

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.2M

-11.0% from 2023

Total participants

-24.0% from 2023

Average account balance

$85,596

+14.5% from 2023

Annual return

17.29%

+5.74 pp from 2023

Benchmarks

See 23,033 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort23,033 peers

Snapshot2024

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

1 tripped

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

$435K

$22912 / participant

Other / not subdivided$435K100.0%

% of EOY assets

36.328%

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

$85,596

$117,904-27.4%

$102,457-16.5%

$145,978-41.4%

Participation rate

73.7%

78.6%-4.9pp

76.5%-2.8pp

80.3%-6.6pp

Annual return

17.29%

31.80%-14.5pp

29.41%-12.1pp

550.52%-533.2pp

Employer contribution / active EE

$3,613-100.0%

$3,022-100.0%

$4,662-100.0%

Participant deferral / active EE

$2,748

$5,733-52.1%

$5,054-45.6%

$6,690-58.9%

Admin fee / account holder

$31,095

$13,329+133.3%

$9,451+229.0%

$13,400+132.0%

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