Retirement plan

EXCEL TECHNOLOGIES, INC 401(K) PLAN

Name: EXCEL TECHNOLOGIES, INC - EXCEL TECHNOLOGIES, INC 401(K) PLAN (2024) 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, INCEIN 04-2525027Plan #002PY 2024

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-$780K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.2M

+22.8% from 2023

Total participants

+14.3% from 2023

Average account balance

$144,207

+6.4% from 2023

Annual return

15.81%

+2.22 pp from 2023

Benchmarks

See 23,882 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,882 peers

Snapshot2024

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 codes2E3D2G2J2F2T

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

$17K

$1703 / participant

Other / not subdivided$17K100.0%

% of EOY assets

0.787%

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

$144,207

$166,131-13.2%

$164,975-12.6%

$145,877-1.1%

Participation rate

90.0%

82.0%+8.0pp

78.6%+11.4pp

80.3%+9.7pp

Annual return

15.81%

100.37%-84.6pp

70.12%-54.3pp

551.28%-535.5pp

Employer contribution / active EE

$1,273

$5,276-75.9%

$4,343-70.7%

$4,663-72.7%

Participant deferral / active EE

$10,998

$6,962+58.0%

$6,033+82.3%

$6,691+64.4%

Admin fee / account holder

$1,135

$16,648-93.2%

$12,688-91.1%

$13,402-91.5%

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