Retirement plan

ELECTROTECH DEFINED CONTRIBUTION PLAN

Name: ELECTROTECH SERVICE EQUIPMENT CORP. - ELECTROTECH DEFINED CONTRIBUTION PLAN (2023) 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 2023

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

Other plans on this EIN

2 filings

#003Retirement-$25.1M assets #001Retirement-$2.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.7M

+32.6% from 2022

Total participants

0.0% from 2022

Average account balance

$235,671

+38.1% from 2022

Annual return

25.13%

+44.76 pp from 2022

Benchmarks

See 22,675 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,675 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$9.91M

Not enough data

1 years with asset history on file

Average account balance

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

$354K

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.

87.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$538K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+18.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11007

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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 codes2E2F2G2J2T3D

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

$155K

$6476 / participant

Other / not subdivided$155K100.0%

% of EOY assets

2.748%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$235,671

$110,257+113.7%

$96,544+144.1%

$139,434+69.0%

Participation rate

95.8%

78.1%+17.7pp

76.0%+19.9pp

80.3%+15.5pp

Annual return

25.13%

26.32%-1.2pp

25.84%-0.7pp

372.94%-347.8pp

Employer contribution / active EE

$4,752

$3,620+31.3%

$2,965+60.3%

$4,7510%

Participant deferral / active EE

$14,997

$5,548+170.3%

$4,851+209.2%

$6,710+123.5%

Admin fee / account holder

$6,476

$11,591-44.1%

$8,252-21.5%

$11,403-43.2%

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