Retirement plan

AHLSTROM-SCHAEFFER ELECTRIC CORP. 401(K) PROFIT SHARING PLAN

Name: AHLSTROM SCHAEFFER ELECTRIC CORP. - AHLSTROM-SCHAEFFER ELECTRIC CORP. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: AHLSTROM SCHAEFFER ELECTRIC CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AHLSTROM-SCHAEFFER ELECTRIC CORP. 401(K) PROFIT SHARING PLAN, AHLSTROM SCHAEFFER ELECTRIC CORP.

AHLSTROM SCHAEFFER ELECTRIC CORP.EIN 16-0810383Plan #003PY 2021

46 HOPKINS AVENUE - JAMESTOWN, NY 14701716-665-6510ahlstrom-schaeffer-elec.comLinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.6M

+16.1% from 2020

Total participants

+12.5% from 2020

Average account balance

$172,660

+3.2% from 2020

Annual return

15.68%

+5.86 pp from 2020

Benchmarks

See 21,791 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,791 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.81M

Not enough data

1 years with asset history on file

Average account balance

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

$352K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$204K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$34K

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

+13.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4411

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 codes2E2F2G2J3D

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.
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

$120K

$20000 / participant

Other / not subdivided$120K100.0%

% of EOY assets

7.722%

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

$172,660

$124,336+38.9%

$111,303+55.1%

$167,518+3.1%

Participation rate

100.0%

79.6%+20.4pp

77.3%+22.7pp

82.1%+17.9pp

Annual return

15.68%

37.45%-21.8pp

54.66%-39.0pp

478.71%-463.0pp

Employer contribution / active EE

$19,073

$3,436+455.0%

$2,731+598.3%

$4,838+294.2%

Participant deferral / active EE

$1,950

$5,181-62.4%

$4,487-56.5%

$6,342-69.3%

Admin fee / account holder

$13,333

$10,623+25.5%

$7,966+67.4%

$12,312+8.3%

AHLSTROM-SCHAEFFER ELECTRIC CORP. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AHLSTROM-SCHAEFFER ELECTRIC 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