Retirement plan

ACCURATE MECHANICAL WORKS INC 401K PLAN

Name: ACCURATE MECHANICAL WORKS, INC. - ACCURATE MECHANICAL WORKS INC 401K PLAN (2024) Form 5500
Creator: ACCURATE MECHANICAL WORKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACCURATE MECHANICAL WORKS INC 401K PLAN, ACCURATE MECHANICAL WORKS, INC.

ACCURATE MECHANICAL WORKS, INC.EIN 11-3462133Plan #001PY 2024

667 GRAND AVENUE - LINDENHURST, NY 11757631-884-0968accuratemechanicalworks.comLinkedIn1-10 employeesconsumer services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$138K

+31.2% from 2023

Total participants

+37.5% from 2023

Average account balance

$22,960

+31.2% from 2023

Annual return

10.81%

-6.13 pp from 2023

Benchmarks

See 49,949 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort49,949 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$138K

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

54.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$248

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$1K

$135 / participant

Other / not subdivided$1K100.0%

% of EOY assets

1.082%

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

$22,960

$88,754-74.1%

$81,820-71.9%

$145,877-84.3%

Participation rate

54.5%

75.1%-20.5pp

72.4%-17.8pp

80.3%-25.8pp

Annual return

10.81%

1031.77%-1021.0pp

777.93%-767.1pp

551.28%-540.5pp

Employer contribution / active EE

$909

$3,085-70.5%

$2,915-68.8%

$4,663-80.5%

Participant deferral / active EE

$1,040

$4,648-77.6%

$4,323-75.9%

$6,691-84.5%

Admin fee / account holder

$248

$8,424-97.1%

$7,391-96.6%

$13,402-98.1%

ACCURATE MECHANICAL WORKS INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACCURATE MECHANICAL WORKS INC 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