Retirement plan

CVD EQUIPMENT CORPORATION 401(K) PLAN

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

CVD EQUIPMENT CORPORATIONEIN 11-2621692Plan #001PY 2024

355 SOUTH TECHNOLOGY DRIVE - CENTRAL ISLIP, NY 11722631-981-7081cvdequipment.comLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$7.3M

+42.4% from 2023

Total participants

153

-3.2% from 2023

Average account balance

$60,188

+45.9% from 2023

Annual return

32.37%

+12.40 pp from 2023

Benchmarks

See 4,099 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,099 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.28M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

121

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.

72.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$890K

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

+32.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18

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 3 by compensation

Provider	Service type	Compensation
UNITED BENEFIT PENSIONS INC.2 years Service code 49	Other Services	$2,984
MORNINGSTAR9 years Service code 27	Advisory (Plan)	$968
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT INS. AND ANNUITY CO Service code 64 · EIN 71-0294708	Recordkeeping Fees	$3

Plan features & details

Pension benefit codes2G2J2K2T3D

Plan features

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$2K

$19 / participant

Contract admin$2K97.7%
Other / not subdivided$502.3%

% of EOY assets

0.030%

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: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,188

$79,223-24.0%

$102,460-41.3%

$74,478-19.2%

Participation rate

72.4%

74.8%-2.3pp

76.5%-4.1pp

67.2%+5.2pp

Annual return

32.37%

54.98%-22.6pp

29.47%+2.9pp

1370.56%-1338.2pp

Employer contribution / active EE

$1,982

$2,363-16.1%

$3,025-34.5%

$2,626-24.5%

Participant deferral / active EE

$5,693

$4,417+28.9%

$5,056+12.6%

$4,350+30.9%

Admin fee / account holder

$18

$2,003-99.1%

$9,460-99.8%

$1,946-99.1%

Provider

Service type

Compensation

UNITED BENEFIT PENSIONS INC.2 years

Service code 49

Other Services

$2,984

MORNINGSTAR9 years

Service code 27

Advisory (Plan)

$968

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT INS. AND ANNUITY CO

Service code 64 · EIN 71-0294708

Recordkeeping Fees

CVD EQUIPMENT CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CVD EQUIPMENT CORPORATION 401(K) 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