Retirement plan

STRIPPIT INC 401(K) PLAN FOR SALARIED EMPLOYEES

Name: STRIPPIT, INC. - STRIPPIT INC 401(K) PLAN FOR SALARIED EMPLOYEES (2019) Form 5500
Creator: STRIPPIT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STRIPPIT INC 401(K) PLAN FOR SALARIED EMPLOYEES, STRIPPIT, INC.

STRIPPIT, INC.EIN 13-3372065Plan #001PY 2019

12975 CLARENCE CENTER RD - AKRON, NY 140011371716-542-4511strippit.comLinkedIn201-500 employeesmachinery

Other plans on this EIN

2 filings

#019Retirement-$10.0M assets #002Retirement-$8.1M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$20.8M

+17.1% from 2018

Total participants

172

+11.0% from 2018

Average account balance

$122,144

+5.4% from 2018

Annual return

21.71%

+25.23 pp from 2018

Benchmarks

See 14,956 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,956 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.04M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

194

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$672K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+17.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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 codes2E2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$120

$1 / participant

Other / not subdivided$120100.0%

% of EOY assets

0.001%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DAVIE KAPLAN CPA PC
Auditor EIN: 161182991
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$122,144

$72,486+68.5%

$87,103+40.2%

$72,976+67.4%

Participation rate

97.8%

72.8%+25.0pp

76.9%+21.0pp

69.5%+28.4pp

Annual return

21.71%

24.46%-2.7pp

28.19%-6.5pp

81.02%-59.3pp

Employer contribution / active EE

$2,465

$1,894+30.1%

$2,521-2.2%

$2,440+1.0%

Participant deferral / active EE

$5,323

$3,270+62.8%

$4,049+31.5%

$3,608+47.5%

Admin fee / account holder

$5,055-100.0%

$7,491-100.0%

$5,124-100.0%

STRIPPIT INC 401(K) PLAN FOR SALARIED EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STRIPPIT INC 401(K) PLAN FOR SALARIED EMPLOYEES

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