Retirement plan

ESPEY MANUFACTURING & ELECTRONICS CORP. 401(K) SAVINGS PLAN

Name: ESPEY MFG. & ELECTRONICS CORP. - ESPEY MANUFACTURING & ELECTRONICS CORP. 401(K) SAVINGS PLAN (2017) Form 5500
Creator: ESPEY MFG. & ELECTRONICS CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ESPEY MANUFACTURING & ELECTRONICS CORP. 401(K) SAVINGS PLAN, ESPEY MFG. & ELECTRONICS CORP.

ESPEY MFG. & ELECTRONICS CORP.EIN 14-1387171Plan #002PY 2017

233 BALLSTON AVE. - SARATOGA SPRINGS, NY 128664755518-245-4400espey.comLinkedIn51-200 employeeselectrical/electronic manufacturing

Other plans on this EIN

1 filing

#001Retirement-$11.8M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$7.6M

+18.9% from 2016

Total participants

113

+1.8% from 2016

Average account balance

$82,068

+15.1% from 2016

Annual return

16.60%

+17.23 pp from 2016

Benchmarks

See 14,968 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,968 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.06M

Not enough data

1 years with asset history on file

Average account balance

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

$121K

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.

124

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.

76.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$731K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$373

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
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 52 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Indirect Investment Fees	$14,599
DR ADVISORY SERVICES1 year Filed as: DR ADVISORY SERVICES LLC Service code 27 421 LOUDON ROAD · ALBANY, NY 12211	Advisory (Plan)	$11,458

Plan features & details

Pension benefit codes2E2G2J2K3D

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.
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.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$28K

$310 / participant

Investment mgmt$28K100.0%

% of EOY assets

0.365%

all-in expense ratio

Categories reported

1 / 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: NOVAK FRANCELLA LLC
Auditor EIN: 611436956
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,068

$67,602+21.4%

$82,312-0.3%

$70,126+17.0%

Participation rate

76.4%

72.8%+3.6pp

76.9%-0.5pp

69.5%+6.9pp

Annual return

16.60%

21.57%-5.0pp

25.88%-9.3pp

73.15%-56.5pp

Employer contribution / active EE

$553

$1,755-68.5%

$2,428-77.2%

$2,343-76.4%

Participant deferral / active EE

$5,533

$2,987+85.2%

$3,706+49.3%

$3,332+66.1%

Admin fee / account holder

$300

$4,512-93.4%

$5,608-94.7%

$4,645-93.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 52

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Indirect Investment Fees

$14,599

DR ADVISORY SERVICES1 year

Filed as: DR ADVISORY SERVICES LLC

Service code 27

421 LOUDON ROAD · ALBANY, NY 12211

Advisory (Plan)

$11,458

ESPEY MANUFACTURING & ELECTRONICS CORP. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ESPEY MANUFACTURING & ELECTRONICS CORP. 401(K) SAVINGS 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