Retirement plan

PRECIPART 401(K) PROFIT SHARING PLAN

Name: PRECIPART CORPORATION - PRECIPART 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: PRECIPART CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRECIPART 401(K) PROFIT SHARING PLAN, PRECIPART CORPORATION

PRECIPART CORPORATIONEIN 11-2501170Plan #001PY 2024

ALC BUILDING, 90 FINN COURT - FARMINGDALE, NY 11735516-694-5900

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$35.2M

+13.3% from 2023

Total participants

338

+4.3% from 2023

Average account balance

$104,458

+8.9% from 2023

Annual return

9.43%

+0.56 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.20M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

337

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.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+9.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$302

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
ASSOCIATED PENSION CONSULTANTS4 years Filed as: ASSOCIATED PENSION CONSULTANTS, INC Service code 13 · EIN 11-3271022	Contract Administrator	$66,723
PRINCIPAL LIFE INSURANCE COMPANY7 years Service code 13 · EIN 42-0127290	Contract Administrator	$47,870
LPL FINANCIAL3 years Filed as: LPL FINANCIAL-RETIREMENT Service code 13 · EIN 04-3046611	Contract Administrator	$40,000
COOPER SAVAS LLC4 years Filed as: COOPER SAVAS Service code 10 · EIN 27-5169784	Accounting	$8,500

Plan features & details

Pension benefit codes2A2E3D3H

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$102K

$428 / participant

Investment mgmt$40K39.3%
Contract admin$53K52.4%
Other / not subdivided$9K8.3%

% of EOY assets

0.289%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ARMANINO LLP
Auditor EIN: 332514127
Audit fees: $8,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,458

$79,209+31.9%

$102,434+2.0%

$74,459+40.3%

Participation rate

99.6%

74.8%+24.8pp

76.5%+23.1pp

67.2%+32.4pp

Annual return

9.43%

54.98%-45.6pp

29.46%-20.0pp

1369.70%-1360.3pp

Employer contribution / active EE

$6,151

$2,362+160.4%

$3,023+103.5%

$2,626+134.3%

Participant deferral / active EE

$6,607

$4,417+49.6%

$5,055+30.7%

$4,350+51.9%

Admin fee / account holder

$302

$2,002-84.9%

$9,462-96.8%

$1,945-84.5%

Provider

Service type

Compensation

ASSOCIATED PENSION CONSULTANTS4 years

Filed as: ASSOCIATED PENSION CONSULTANTS, INC

Service code 13 · EIN 11-3271022

Contract Administrator

$66,723

PRINCIPAL LIFE INSURANCE COMPANY7 years

Service code 13 · EIN 42-0127290

Contract Administrator

$47,870

LPL FINANCIAL3 years

Filed as: LPL FINANCIAL-RETIREMENT

Service code 13 · EIN 04-3046611

Contract Administrator

$40,000

COOPER SAVAS LLC4 years

Filed as: COOPER SAVAS

Service code 10 · EIN 27-5169784

Accounting

$8,500

PRECIPART 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRECIPART 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