Retirement plan

NAPCO SECURITY TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

Name: NAPCO SECURITY TECHNOLOGIES, INC. - NAPCO SECURITY TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: NAPCO SECURITY TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NAPCO SECURITY TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN, NAPCO SECURITY TECHNOLOGIES, INC.

NAPCO SECURITY TECHNOLOGIES, INC.EIN 11-2277818Plan #002PY 2023

333 BAYVIEW AVE - AMITYVILLE, NY 11701631-842-9400LinkedIn501-1000 employeessecurity and investigations

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$39.5M

+20.1% from 2022

Total participants

305

+4.1% from 2022

Average account balance

$201,382

+16.5% from 2022

Annual return

22.20%

+34.09 pp from 2022

Benchmarks

See 1,360 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,360 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$46.29M

Not enough data

1 years with asset history on file

Average account balance

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

$230K

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.

201

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.

57.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+17.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$502

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 4 by compensation

Provider	Service type	Compensation
SENTINEL PENSION ADVISORS9+ years Service code 27 · EIN 04-3422848	Advisory (Plan)	$43,000
SENTINEL PENSION ADVISORS9+ years Filed as: SENTINEL BENEFITS & FINANCIAL GRP Service code 15 · EIN 04-3015875	Recordkeeping	$34,401
FIDELITY INVESTMENTS INSTITUTIONAL6 years Filed as: FIDELITY INSTITUTIONAL WEALTH SERVI Service code 18 100 SALEM STREET · SMITHFIELD, RI 02917	Custodial (other than securities); Cu...	$12,227
RELIANCE TRUST COMPANY4 years Service code 21 · EIN 58-1428634	Bank Trustee	$5,133

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$89K

$333 / participant

Recordkeeping$34K38.7%
Trustee / custodial$11K12.8%
Investment mgmt$43K48.5%

% of EOY assets

0.225%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DELOITTE & TOUCHE LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$201,382

$91,372+120.4%

$130,045+54.9%

$74,460+170.5%

Participation rate

59.0%

77.8%-18.8pp

78.5%-19.5pp

70.7%-11.7pp

Annual return

22.20%

23.21%-1.0pp

-137.30%+159.5pp

34.38%-12.2pp

Employer contribution / active EE

$930

$2,563-63.7%

$4,321-78.5%

$2,638-64.7%

Participant deferral / active EE

$6,159

$4,721+30.5%

$5,820+5.8%

$4,530+36.0%

Admin fee / account holder

$452

$283+59.6%

$10,600-95.7%

$348+30.0%

Provider

Service type

Compensation

SENTINEL PENSION ADVISORS9+ years

Service code 27 · EIN 04-3422848

Advisory (Plan)

$43,000

SENTINEL PENSION ADVISORS9+ years

Filed as: SENTINEL BENEFITS & FINANCIAL GRP

Service code 15 · EIN 04-3015875

Recordkeeping

$34,401

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Filed as: FIDELITY INSTITUTIONAL WEALTH SERVI

Service code 18

100 SALEM STREET · SMITHFIELD, RI 02917

Custodial (other than securities); Cu...

$12,227

RELIANCE TRUST COMPANY4 years

Service code 21 · EIN 58-1428634

Bank Trustee

$5,133

NAPCO SECURITY TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NAPCO SECURITY TECHNOLOGIES, INC. 401(K) PROFIT SHARING 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