Retirement plan

NAASCO NORTHEAST CORP. 401K PLAN

Name: NAASCO NORTHEAST CORP. - NAASCO NORTHEAST CORP. 401K PLAN (2023) Form 5500
Creator: NAASCO NORTHEAST CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NAASCO NORTHEAST CORP. 401K PLAN, NAASCO NORTHEAST CORP.

NAASCO NORTHEAST CORP.EIN 11-2697043Plan #002PY 2023

222 GRAND AVENUE - SHIRLEY, NY 11967631-399-2244LinkedIn11-50 employeescomputer hardware

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$984K

+48.9% from 2022

Total participants

+9.5% from 2022

Average account balance

$57,894

+22.6% from 2022

Annual return

29.09%

+46.59 pp from 2022

Benchmarks

See 107,959 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,959 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.20M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

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.

90.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$153K

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

+10.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1949

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2J3D

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).
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$225

$10 / participant

Other / not subdivided$225100.0%

% of EOY assets

0.023%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,894

$175,259-67.0%

$149,723-61.3%

$139,487-58.5%

Participation rate

72.7%

83.4%-10.7pp

78.8%-6.1pp

80.3%-7.6pp

Annual return

29.09%

166.82%-137.7pp

134.50%-105.4pp

373.84%-344.8pp

Employer contribution / active EE

$2,503

$5,478-54.3%

$4,821-48.1%

$4,755-47.4%

Participant deferral / active EE

$3,455

$6,522-47.0%

$5,682-39.2%

$6,713-48.5%

Admin fee / account holder

$13

$16,158-99.9%

$13,215-99.9%

$11,407-99.9%

NAASCO NORTHEAST CORP. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NAASCO NORTHEAST CORP. 401K 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