Retirement plan

EXCEL TECHNOLOGIES, INC. 401(K) PLAN

Name: EXCEL TECHNOLOGIES, INC. - EXCEL TECHNOLOGIES, INC. 401(K) PLAN (2022) Form 5500
Creator: EXCEL TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EXCEL TECHNOLOGIES, INC. 401(K) PLAN, EXCEL TECHNOLOGIES, INC.

EXCEL TECHNOLOGIES, INC.EIN 04-2525027Plan #002PY 2022

99 PHOENIX AVE, PO BOX 1258 - ENFIELD, CT 06082860-741-3435exceltechnologies.comLinkedIn11-50 employeesmechanical or industrial engineering

Other plans on this EIN

1 filing

#001Retirement-$620K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.5M

-15.2% from 2021

Total participants

0.0% from 2021

Average account balance

$127,568

-8.1% from 2021

Annual return

-16.19%

-58.14 pp from 2021

Benchmarks

See 23,461 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,461 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.51M

Not enough data

1 years with asset history on file

Average account balance

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

$167K

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.

166.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$131K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+11.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3454

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 codes2E2F2G2J2T3D

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

$28K

$3549 / participant

Other / not subdivided$28K100.0%

% of EOY assets

1.854%

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

$127,568

$142,409-10.4%

$119,634+6.6%

$134,545-5.2%

Participation rate

87.5%

82.8%+4.7pp

79.3%+8.2pp

81.2%+6.3pp

Annual return

-16.19%

-12.46%-3.7pp

-14.98%-1.2pp

418.37%-434.6pp

Employer contribution / active EE

$1,191

$5,224-77.2%

$4,232-71.9%

$4,742-74.9%

Participant deferral / active EE

$4,592

$6,468-29.0%

$5,601-18.0%

$6,401-28.3%

Admin fee / account holder

$2,366

$13,594-82.6%

$10,329-77.1%

$11,431-79.3%

EXCEL TECHNOLOGIES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EXCEL TECHNOLOGIES, INC. 401(K) 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