Retirement plan

ELY TOOL, INC. PROFIT SHARING 401(K) PLAN & TRUST

Name: ELY TOOL, INC. - ELY TOOL, INC. PROFIT SHARING 401(K) PLAN & TRUST (2018) Form 5500
Creator: ELY TOOL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELY TOOL, INC. PROFIT SHARING 401(K) PLAN & TRUST, ELY TOOL, INC.

ELY TOOL, INC.EIN 04-2640887Plan #001PY 2018

455 COTTAGE STREET - SPRINGFIELD, MA 01104413-785-1601LinkedIn11-50 employeeselectrical/electronic manufacturing

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$2.1M

-0.1% from 2017

Total participants

-8.0% from 2017

Average account balance

$122,506

+5.8% from 2017

Annual return

-5.68%

-24.31 pp from 2017

Benchmarks

See 21,280 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,280 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.16M

Not enough data

1 years with asset history on file

Average account balance

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

$263K

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.

75.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$133K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4118

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 codes2E2F2G2J3D

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$172 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.165%

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

$122,506

$92,224+32.8%

$76,768+59.6%

$135,381-9.5%

Participation rate

70.0%

79.8%-9.8pp

77.0%-7.0pp

82.6%-12.6pp

Annual return

-5.68%

5.46%-11.1pp

2.43%-8.1pp

519.81%-525.5pp

Employer contribution / active EE

$565

$3,216-82.4%

$2,485-77.3%

$4,779-88.2%

Participant deferral / active EE

$5,434

$4,509+20.5%

$3,852+41.1%

$5,609-3.1%

Admin fee / account holder

$202

$10,750-98.1%

$6,676-97.0%

$10,828-98.1%

ELY TOOL, INC. PROFIT SHARING 401(K) PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELY TOOL, INC. PROFIT SHARING 401(K) PLAN & TRUST

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