Retirement plan

APT ADVANCED POLYMER TECHNOLOGY CORP. 401(K) PS PLAN

Name: APT ADVANCED POLYMER TECHNOLOGY CORP. - APT ADVANCED POLYMER TECHNOLOGY CORP. 401(K) PS PLAN (2020) Form 5500
Creator: APT ADVANCED POLYMER TECHNOLOGY CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, APT ADVANCED POLYMER TECHNOLOGY CORP. 401(K) PS PLAN, APT ADVANCED POLYMER TECHNOLOGY CORP.

APT ADVANCED POLYMER TECHNOLOGY CORP.EIN 13-3777890Plan #001PY 2020

P. O. BOX 160 - HARMONY, PA 16037724-452-3016

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$16.2M

+55.3% from 2019

Total participants

608

+26.7% from 2019

Average account balance

$44,551

-4.8% from 2019

Annual return

56.56%

+35.29 pp from 2019

Benchmarks

See 1,160 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,160 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.15M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

367

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.

44.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$285

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 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.4 years Service code 15 · EIN 27-2037969	Recordkeeping	$45,839
HBK CPAS & CONSULTANTS1 year Filed as: HBK SORCE FINANCIAL Service code 27 · EIN 34-1925728	Advisory (Plan)	$42,884

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$89K

$191 / participant

Investment mgmt$43K48.3%
Contract admin$46K51.7%

% of EOY assets

0.547%

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: BDO
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,551

$85,135-47.7%

$98,920-55.0%

$73,412-39.3%

Participation rate

47.4%

81.1%-33.7pp

76.0%-28.6pp

72.2%-24.8pp

Annual return

56.56%

19.14%+37.4pp

196.47%-139.9pp

59.30%-2.7pp

Employer contribution / active EE

$2,022

$2,721-25.7%

$2,689-24.8%

$2,234-9.5%

Participant deferral / active EE

$2,675

$4,349-38.5%

$4,245-37.0%

$3,806-29.7%

Admin fee / account holder

$244

$139+75.0%

$6,643-96.3%

$158+54.4%

Provider

Service type

Compensation

NEWPORT GROUP, INC.4 years

Service code 15 · EIN 27-2037969

Recordkeeping

$45,839

HBK CPAS & CONSULTANTS1 year

Filed as: HBK SORCE FINANCIAL

Service code 27 · EIN 34-1925728

Advisory (Plan)

$42,884

APT ADVANCED POLYMER TECHNOLOGY CORP. 401(K) PS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

APT ADVANCED POLYMER TECHNOLOGY CORP. 401(K) PS 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