Retirement plan

MADSEN OVERHEAD DOORS, INC. SIMPLE 401K PLAN

Name: MADSEN OVERHEAD DOORS, INC. - MADSEN OVERHEAD DOORS, INC. SIMPLE 401K PLAN (2024) Form 5500
Creator: MADSEN OVERHEAD DOORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MADSEN OVERHEAD DOORS, INC. SIMPLE 401K PLAN, MADSEN OVERHEAD DOORS, INC.

MADSEN OVERHEAD DOORS, INC.EIN 14-1675942Plan #002PY 2024

673 ROUTE 203 - SPENCERTOWN, NY 12165518-392-3883

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$891K

+20.1% from 2023

Total participants

+5.6% from 2023

Average account balance

$46,875

+13.7% from 2023

Annual return

12.10%

-3.01 pp from 2023

Benchmarks

See 22,347 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,347 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$891K

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$59K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19

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

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 codes2E2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$360

$19 / participant

Other / not subdivided$360100.0%

% of EOY assets

0.040%

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: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,875

$111,787-58.1%

$93,681-50.0%

$145,978-67.9%

Participation rate

100.0%

74.2%+25.8pp

68.7%+31.3pp

80.3%+19.7pp

Annual return

12.10%

203.52%-191.4pp

133.47%-121.4pp

550.52%-538.4pp

Employer contribution / active EE

$1,359

$3,093-56.1%

$2,422-43.9%

$4,662-70.8%

Participant deferral / active EE

$1,748

$4,918-64.4%

$4,415-60.4%

$6,690-73.9%

Admin fee / account holder

$19

$10,256-99.8%

$8,290-99.8%

$13,400-99.9%

MADSEN OVERHEAD DOORS, INC. SIMPLE 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MADSEN OVERHEAD DOORS, INC. SIMPLE 401K 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