Retirement plan

CURTIS INSTRUMENTS, INC. 401(K) RETIREMENT PLAN

Name: CURTIS INSTRUMENTS, INC. - CURTIS INSTRUMENTS, INC. 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: CURTIS INSTRUMENTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CURTIS INSTRUMENTS, INC. 401(K) RETIREMENT PLAN, CURTIS INSTRUMENTS, INC.

CURTIS INSTRUMENTS, INC.EIN 13-1933394Plan #001PY 2023

200 KISCO AVENUE - MOUNT KISCO, NY 10549914-242-6546curtisinstruments.comLinkedIn1001-5000 employeeselectrical/electronic manufacturing

Other plans on this EIN

1 filing

#002Retirement-$14.0M assets

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$79.2M

-0.8% from 2022

Total participants

304

+8.6% from 2022

Average account balance

$264,132

-10.4% from 2022

Annual return

7.27%

+16.56 pp from 2022

Benchmarks

See 4,138 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,138 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$92.35M

Not enough data

1 years with asset history on file

Average account balance

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

$297K

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.

311

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+21.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$639

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 15 · EIN 84-0467907	Recordkeeping	$86,487
FIDUCIENT ADVISORS LLC3 years Service code 27 500 W MADISON ST STE 1700 · CHICAGO, IL 60661	Advisory (Plan)	$64,479
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$36,166
COHNREZNICK LLP3 years Service code 10 1212 AVENUE OF THE AMERICAS · NEW YORK, NY 10036	Accounting	$14,595
QDRO CONSULTANTS COMPANY, LLC2 years Service code 16 · EIN 34-1820650	Consulting	$600

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H2K

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$202K

$950 / participant

Investment mgmt$101K49.7%
Contract admin$37K18.5%
Other / not subdivided$64K31.8%

% of EOY assets

0.255%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$264,132

$76,107+247.1%

$96,576+173.5%

$71,495+269.4%

Participation rate

98.1%

74.4%+23.7pp

76.0%+22.1pp

67.9%+30.2pp

Annual return

7.27%

22.81%-15.5pp

25.87%-18.6pp

28.85%-21.6pp

Employer contribution / active EE

$5,992

$2,247+166.6%

$2,965+102.1%

$2,589+131.4%

Participant deferral / active EE

$13,697

$4,218+224.7%

$4,851+182.4%

$4,291+219.2%

Admin fee / account holder

$674

$2,708-75.1%

$8,253-91.8%

$1,588-57.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO

Service code 15 · EIN 84-0467907

Recordkeeping

$86,487

FIDUCIENT ADVISORS LLC3 years

Service code 27

500 W MADISON ST STE 1700 · CHICAGO, IL 60661

Advisory (Plan)

$64,479

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$36,166

COHNREZNICK LLP3 years

Service code 10

1212 AVENUE OF THE AMERICAS · NEW YORK, NY 10036

Accounting

$14,595

QDRO CONSULTANTS COMPANY, LLC2 years

Service code 16 · EIN 34-1820650

Consulting

$600

CURTIS INSTRUMENTS, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CURTIS INSTRUMENTS, INC. 401(K) RETIREMENT 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