Retirement plan

EFCO PRODUCTS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: EFCO PRODUCTS, INC. - EFCO PRODUCTS, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2021) Form 5500
Creator: EFCO PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EFCO PRODUCTS, INC. 401(K) PROFIT SHARING PLAN AND TRUST, EFCO PRODUCTS, INC.

EFCO PRODUCTS, INC.EIN 14-1283752Plan #003PY 2021

130 SMITH STREET - POUGHKEEPSIE, NY 12601845-452-4715efcoproducts.comLinkedIn51-200 employeesfood production

Other plans on this EIN

2 filings

#002Retirement-$5.8M assets #001Retirement-$1.6M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.3M

+12.6% from 2020

Total participants

0.0% from 2020

Average account balance

$126,591

+12.6% from 2020

Annual return

18.16%

+6.62 pp from 2020

Benchmarks

See 2,401 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,401 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$7.65M

Not enough data

1 years with asset history on file

Average account balance

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

$191K

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.

85.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$237K

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

+14.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5933

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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 codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$541K

$16913 / participant

Other / not subdivided$541K100.0%

% of EOY assets

8.551%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,591

$69,515+82.1%

$86,874+45.7%

$85,850+47.5%

Participation rate

90.6%

66.3%+24.3pp

71.6%+19.0pp

69.3%+21.3pp

Annual return

18.16%

20.12%-2.0pp

63.52%-45.4pp

318.53%-300.4pp

Employer contribution / active EE

$1,880-100.0%

$2,495-100.0%

$2,565-100.0%

Participant deferral / active EE

$7,101

$2,919+143.3%

$3,699+92.0%

$3,952+79.7%

Admin fee / account holder

$10,824

$5,972+81.3%

$5,828+85.7%

$6,260+72.9%

EFCO PRODUCTS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EFCO PRODUCTS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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