Retirement plan

APT ADVANCED POLYMER TECHNOLOGY CORP. 401(K) PROFIT SHARING PLAN

Name: APT ADVANCED POLYMER TECHNOLOGY CORP. - APT ADVANCED POLYMER TECHNOLOGY CORP. 401(K) PROFIT SHARING PLAN (2022) 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) PROFIT SHARING PLAN, APT ADVANCED POLYMER TECHNOLOGY CORP.

APT ADVANCED POLYMER TECHNOLOGY CORP.EIN 13-3777890Plan #001PY 2022

109 CONICA LANE - EVANS CITY, PA 16033724-452-3016

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$17.8M

-8.1% from 2021

Total participants

552

+1.3% from 2021

Average account balance

$52,768

-8.9% from 2021

Annual return

-16.02%

-28.12 pp from 2021

Benchmarks

See 1,172 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,172 peers

Snapshot2022

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
HBK CPAS & CONSULTANTS3 years Filed as: HBK SORCE FINANCIAL Service code 26 · EIN 34-1925728	Advisory (Participants)	$49,930
NEWPORT GROUP, INC.6 years Service code 15 · EIN 27-2037969	Recordkeeping	$29,725

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

$80K

$175 / participant

Investment mgmt$50K62.7%
Contract admin$30K37.3%

% of EOY assets

0.448%

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: SCHNEIDER DOWNS & CO. INC.
Auditor EIN: 251408703
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,768

$81,948-35.6%

$90,756-41.9%

$64,814-18.6%

Participation rate

52.7%

80.5%-27.7pp

75.7%-22.9pp

71.5%-18.7pp

Annual return

-16.02%

-12.53%-3.5pp

-12.16%-3.9pp

32.84%-48.9pp

Employer contribution / active EE

$2,307

$3,067-24.8%

$2,922-21.0%

$2,507-8.0%

Participant deferral / active EE

$3,216

$4,844-33.6%

$4,565-29.5%

$4,310-25.4%

Admin fee / account holder

$236

$157+50.5%

$8,445-97.2%

$188+25.9%

Provider

Service type

Compensation

HBK CPAS & CONSULTANTS3 years

Filed as: HBK SORCE FINANCIAL

Service code 26 · EIN 34-1925728

Advisory (Participants)

$49,930

NEWPORT GROUP, INC.6 years

Service code 15 · EIN 27-2037969

Recordkeeping

$29,725

APT ADVANCED POLYMER TECHNOLOGY CORP. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

APT ADVANCED POLYMER TECHNOLOGY CORP. 401(K) PROFIT SHARING 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