Retirement plan

ZEMITEK 401(K) RETIREMENT PLAN

Name: ZEMITEK, LLC - ZEMITEK 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: ZEMITEK, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ZEMITEK 401(K) RETIREMENT PLAN, ZEMITEK, LLC

ZEMITEK, LLCEIN 06-1831203Plan #001PY 2024

3 BETHESDA METRO CENTER, STE 700 - BETHESDA, MD 20814240-813-2523zemitek.comLinkedIn201-500 employeesinternational trade and development

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.7M

+91.2% from 2023

Total participants

528

+93.4% from 2023

Average account balance

$20,667

+24.1% from 2023

Annual return

58.13%

+37.25 pp from 2023

Benchmarks

See 3,310 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,310 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.66M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

419

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.

72.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.42M

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

+58.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$105

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$42,244
KESTRA INVESTMENT SERVICES LLC1 year Service code 49 · EIN 74-2794194	Other Services	$10,820

Plan features & details

Pension benefit codes2A2E2G2J3D

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.
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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$44K

$109 / participant

Contract admin$42K96.3%
Other / not subdivided$2K3.7%

% of EOY assets

0.507%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: APRIO, LLP
Auditor EIN: 571157523
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,667

$106,110-80.5%

$147,005-85.9%

$77,671-73.4%

Participation rate

72.8%

78.4%-5.6pp

82.2%-9.3pp

70.6%+2.2pp

Annual return

58.13%

56.77%+1.4pp

418.76%-360.6pp

31.21%+26.9pp

Employer contribution / active EE

$1,910

$4,065-53.0%

$4,934-61.3%

$2,726-29.9%

Participant deferral / active EE

$4,117

$7,992-48.5%

$8,070-49.0%

$4,648-11.4%

Admin fee / account holder

$105

$338-69.0%

$13,006-99.2%

$430-75.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$42,244

KESTRA INVESTMENT SERVICES LLC1 year

Service code 49 · EIN 74-2794194

Other Services

$10,820

ZEMITEK 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ZEMITEK 401(K) RETIREMENT 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