Retirement plan

ELECTROTECH DEFINED CONTRIBUTION PLAN

Name: ELECTROTECH SERVICE EQUIPMENT CORP. - ELECTROTECH DEFINED CONTRIBUTION PLAN (2020) Form 5500
Creator: ELECTROTECH SERVICE EQUIPMENT CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELECTROTECH DEFINED CONTRIBUTION PLAN, ELECTROTECH SERVICE EQUIPMENT CORP.

ELECTROTECH SERVICE EQUIPMENT CORP.EIN 11-2858709Plan #002PY 2020

2450 46TH STREET - LONG ISLAND CITY, NY 11103718-626-7700

Other plans on this EIN

2 filings

#003Retirement-$16.6M assets #001Retirement-$4.7M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.5M

+17.0% from 2019

Total participants

-3.7% from 2019

Average account balance

$179,513

+21.7% from 2019

Annual return

18.16%

-4.95 pp from 2019

Benchmarks

See 14,879 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,879 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.16M

Not enough data

1 years with asset history on file

Average account balance

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

$326K

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$502K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+37.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4357

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 codes2F2G2J2T2E3D

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.
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

1 tripped

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

$422K

$16227 / participant

Other / not subdivided$422K100.0%

% of EOY assets

9.401%

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

$179,513

$78,423+128.9%

$95,964+87.1%

$79,856+124.8%

Participation rate

96.2%

73.5%+22.7pp

77.1%+19.1pp

69.6%+26.5pp

Annual return

18.16%

19.37%-1.2pp

91.64%-73.5pp

31.71%-13.6pp

Employer contribution / active EE

$3,952

$1,945+103.1%

$2,541+55.5%

$2,471+59.9%

Participant deferral / active EE

$10,522

$3,440+205.8%

$4,167+152.5%

$3,741+181.3%

Admin fee / account holder

$16,876

$5,622+200.2%

$6,797+148.3%

$5,306+218.0%

ELECTROTECH DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELECTROTECH DEFINED CONTRIBUTION 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