Retirement plan

ATRO COMPANIES PROFIT SHARING/401(K) PLAN

Name: ASTRONICS CORPORATION - ATRO COMPANIES PROFIT SHARING/401(K) PLAN (2024) Form 5500
Creator: ASTRONICS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ATRO COMPANIES PROFIT SHARING/401(K) PLAN, ASTRONICS CORPORATION

ASTRONICS CORPORATIONEIN 16-0959303Plan #001PY 2024

130 COMMERCE WAY - EAST AURORA, NY 140529998716-805-1599astronics.comLinkedIn1001-5000 employeesaviation & aerospace

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed January 9, 2002 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$325.3M

-14.1% from 2016

Total participants

2,903

-10.2% from 2016

Average account balance

$113,408

-3.8% from 2016

Annual return

14.03%

-10.03 pp from 2016

Benchmarks

See 839 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort839 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$325.25M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

2,868

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$24.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$93

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.3 years Filed as: VANGUARD GROUP, INC. Service code 15 · EIN 23-1945930 100 VANGUARD BLVD. · MALVERN, PA 19355	Recordkeeping	$226,875
FREED MAXICK CPAS PC1 year Service code 10 · EIN 45-4051133 424 MAIN STREET, SUITE 800 · BUFFALO, NY 14202	Accounting	$20,000
WILMINGTON TRUST1 year Service code 28 · EIN 16-1486454 ONE FOUNTAIN PLAZA, 12TH FLOOR · BUFFALO, NY 14203	Investment Management	$17,500

Plan features & details

Pension benefit codes2E2F2G2J2K

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.
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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$267K

$141 / participant

Other trustee fees$267K100.0%

% of EOY assets

0.082%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FREED MAXICK P.C.
Auditor EIN: 454051133
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,408

$110,258+2.9%

$102,460+10.7%

$200,096-43.3%

Participation rate

98.1%

86.3%+11.8pp

76.5%+21.6pp

72.0%+26.1pp

Annual return

14.03%

35.78%-21.8pp

29.47%-15.4pp

34.26%-20.2pp

Employer contribution / active EE

$4,730

$3,605+31.2%

$3,025+56.4%

$3,038+55.7%

Participant deferral / active EE

$8,371

$6,377+31.3%

$5,056+65.6%

$5,090+64.5%

Admin fee / account holder

$93

$122-24.0%

$9,460-99.0%

$269-65.5%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.3 years

Filed as: VANGUARD GROUP, INC.

Service code 15 · EIN 23-1945930

100 VANGUARD BLVD. · MALVERN, PA 19355

Recordkeeping

$226,875

FREED MAXICK CPAS PC1 year

Service code 10 · EIN 45-4051133

424 MAIN STREET, SUITE 800 · BUFFALO, NY 14202

Accounting

$20,000

WILMINGTON TRUST1 year

Service code 28 · EIN 16-1486454

ONE FOUNTAIN PLAZA, 12TH FLOOR · BUFFALO, NY 14203

Investment Management

$17,500

ATRO COMPANIES PROFIT SHARING/401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ATRO COMPANIES PROFIT SHARING/401(K) PLAN

Top hat statement on fileNQDC

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