Retirement plan

IMPERIAL ELECTRONIC ASSEMBLY, INC. 401(K) PS PLAN

Name: IMPERIAL ELECTRONIC ASSEMBLY, INC. - IMPERIAL ELECTRONIC ASSEMBLY, INC. 401(K) PS PLAN (2024) Form 5500
Creator: IMPERIAL ELECTRONIC ASSEMBLY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IMPERIAL ELECTRONIC ASSEMBLY, INC. 401(K) PS PLAN, IMPERIAL ELECTRONIC ASSEMBLY, INC.

IMPERIAL ELECTRONIC ASSEMBLY, INC.EIN 06-1260560Plan #001PY 2024

1000 FEDERAL ROAD - BROOKFIELD, CT 06804203-740-8425impea.comLinkedIn201-500 employeeselectrical/electronic manufacturing

Other plans on this EIN

1 filing

#003Retirement-$3.0M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.8M

+16.6% from 2023

Total participants

141

+2.2% from 2023

Average account balance

$90,773

+13.9% from 2023

Annual return

12.83%

-1.10 pp from 2023

Benchmarks

See 4,106 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,106 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$11.80M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

130

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.

90.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$733K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

1 years with F_SCH_H allocation on file

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
PENSION ASSURANCE LLP1 year Filed as: THE PENSION SERVICE, INC. Service code 13 127 WASHINGTON AVENUE · NORTH HAVEN, CT 06473	Contract Administrator	$5,325
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT SERVICES Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2A2E2F2G2I2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2I
Stock bonus
Stock bonus plan.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,773

$79,171+14.7%

$102,423-11.4%

$74,495+21.9%

Participation rate

90.4%

74.8%+15.6pp

76.5%+13.9pp

67.2%+23.2pp

Annual return

12.83%

54.93%-42.1pp

29.32%-16.5pp

1364.94%-1352.1pp

Employer contribution / active EE

$3,213

$2,362+36.0%

$3,023+6.3%

$2,623+22.5%

Participant deferral / active EE

$3,160

$4,415-28.4%

$5,053-37.5%

$4,346-27.3%

Admin fee / account holder

$2,001-100.0%

$9,451-100.0%

$1,942-100.0%

Provider

Service type

Compensation

PENSION ASSURANCE LLP1 year

Filed as: THE PENSION SERVICE, INC.

Service code 13

127 WASHINGTON AVENUE · NORTH HAVEN, CT 06473

Contract Administrator

$5,325

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT SERVICES

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

IMPERIAL ELECTRONIC ASSEMBLY, INC. 401(K) PS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

IMPERIAL ELECTRONIC ASSEMBLY, INC. 401(K) PS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion