Retirement plan

UNITED ELECTRIC POWER 401(K) PLAN

Name: POWER-FLO TECHNOLOGIES, INC. - UNITED ELECTRIC POWER 401(K) PLAN (2021) Form 5500
Creator: POWER-FLO TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED ELECTRIC POWER 401(K) PLAN, POWER-FLO TECHNOLOGIES, INC.

POWER-FLO TECHNOLOGIES, INC.EIN 11-3290164Plan #002PY 2021

270 PARK AVENUE - GARDEN CITY PARK, NY 11040516-812-6840uep.netLinkedIn51-200 employeeslogistics and supply chain

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$13.7M

+24.3% from 2020

Total participants

295

-9.2% from 2020

Average account balance

$50,902

+33.0% from 2020

Annual return

16.79%

+3.18 pp from 2020

Benchmarks

See 2,249 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,249 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.33M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

285

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.

89.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.07M

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

+12.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$153

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 4 by compensation

Provider	Service type	Compensation
THE BANK OF NEW YORK MELLON1 year Filed as: M AND T BANK NATIONAL ASSOCIATION Service code 99 · EIN 16-1486454	Other Fees	$15,810
ASSOCIATED PENSION CONSULTANTS1 year Filed as: ASSOCIATED PENSION CONSULTANTS, INC Service code 49 · EIN 11-3271029 401 BROADHOLLOW ROAD · MELVILLE, NY 11747	Other Services	$5,878
SIGNATURE SECURITIES1 year Service code 22 · EIN 13-4120476	Insurance Broker	$0
VOYA RETIREMENT INSURANCE & ANNUITY5 years Filed as: VOYA RETIREMENT INS AND ANNUITY CO Service code 26 · EIN 71-0294708	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$26K

$110 / participant

Investment mgmt$26K100.0%

% of EOY assets

0.186%

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: NUSSBAUM BERG KLEIN & WOLPOW CPAS
Auditor EIN: 260221653
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,902

$93,182-45.4%

$146,647-65.3%

$79,389-35.9%

Participation rate

89.2%

76.4%+12.8pp

80.1%+9.1pp

70.7%+18.5pp

Annual return

16.79%

21.61%-4.8pp

22.75%-6.0pp

116.89%-100.1pp

Employer contribution / active EE

$1,554

$2,420-35.8%

$4,137-62.4%

$2,428-36.0%

Participant deferral / active EE

$5,210

$4,169+25.0%

$5,506-5.4%

$4,046+28.8%

Admin fee / account holder

$95

$585-83.8%

$10,281-99.1%

$626-84.9%

Provider

Service type

Compensation

THE BANK OF NEW YORK MELLON1 year

Filed as: M AND T BANK NATIONAL ASSOCIATION

Service code 99 · EIN 16-1486454

Other Fees

$15,810

ASSOCIATED PENSION CONSULTANTS1 year

Filed as: ASSOCIATED PENSION CONSULTANTS, INC

Service code 49 · EIN 11-3271029

401 BROADHOLLOW ROAD · MELVILLE, NY 11747

Other Services

$5,878

SIGNATURE SECURITIES1 year

Service code 22 · EIN 13-4120476

Insurance Broker

VOYA RETIREMENT INSURANCE & ANNUITY5 years

Filed as: VOYA RETIREMENT INS AND ANNUITY CO

Service code 26 · EIN 71-0294708

Advisory (Participants)

UNITED ELECTRIC POWER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED ELECTRIC POWER 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