Retirement plan

THE 401(K) PLAN FOR THE EMPLOYEES OF PRECIOUS PLATE

Name: PRECIOUS PLATE, INC - THE 401(K) PLAN FOR THE EMPLOYEES OF PRECIOUS PLATE (2024) Form 5500
Creator: PRECIOUS PLATE, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE 401(K) PLAN FOR THE EMPLOYEES OF PRECIOUS PLATE, PRECIOUS PLATE, INC

PRECIOUS PLATE, INCEIN 16-1132470Plan #001PY 2024

2124 LIBERTY DRIVE - NIAGARA FALLS, NY 143043727716-283-0690preciousplate.comLinkedIn51-200 employeeselectrical/electronic manufacturing

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$13.8M

+2.4% from 2023

Total participants

181

-3.2% from 2023

Average account balance

$80,312

+6.0% from 2023

Annual return

13.93%

-2.87 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.81M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

172

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.

93.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$362

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER LIFE & ANNUITY INS CO OF NY Service code 64 8515 EAST ORCHARD RD · GREENWOD VILLAGE, CO 80111	Recordkeeping Fees	$60,854
GLOBAL RETIREMENT PARTNERS LLC8 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$32,451
PPS PENSION & FINANCIAL SERVICES10+ years Filed as: PPS PENSION AND FINANCIAL SERVICES Service code 13 · EIN 16-1062503	Contract Administrator	$17,807

Plan features & details

Pension benefit codes2E2F2J2K2G

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

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

$62K

$451 / participant

Contract admin$62K100.0%

% of EOY assets

0.451%

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: BROCK, SCHECHTER & POLAKOFF, LLP
Auditor EIN: 161003516
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,312

$79,209+1.4%

$102,434-21.6%

$74,459+7.9%

Participation rate

93.5%

74.8%+18.7pp

76.5%+17.0pp

67.2%+26.3pp

Annual return

13.93%

54.98%-41.1pp

29.46%-15.5pp

1369.70%-1355.8pp

Employer contribution / active EE

$2,727

$2,362+15.4%

$3,023-9.8%

$2,626+3.9%

Participant deferral / active EE

$6,386

$4,417+44.6%

$5,055+26.3%

$4,350+46.8%

Admin fee / account holder

$362

$2,002-81.9%

$9,462-96.2%

$1,945-81.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER LIFE & ANNUITY INS CO OF NY

Service code 64

8515 EAST ORCHARD RD · GREENWOD VILLAGE, CO 80111

Recordkeeping Fees

$60,854

GLOBAL RETIREMENT PARTNERS LLC8 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$32,451

PPS PENSION & FINANCIAL SERVICES10+ years

Filed as: PPS PENSION AND FINANCIAL SERVICES

Service code 13 · EIN 16-1062503

Contract Administrator

$17,807

THE 401(K) PLAN FOR THE EMPLOYEES OF PRECIOUS PLATE

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE 401(K) PLAN FOR THE EMPLOYEES OF PRECIOUS PLATE

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