Retirement plan

CAMERON MANUFACTURING AND DESIGN, INC. PROFIT SHARING 401(K) PLAN

Name: CAMERON MANUFACTURING AND DESIGN, INC. - CAMERON MANUFACTURING AND DESIGN, INC. PROFIT SHARING 401(K) PLAN (2023) Form 5500
Creator: CAMERON MANUFACTURING AND DESIGN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAMERON MANUFACTURING AND DESIGN, INC. PROFIT SHARING 401(K) PLAN, CAMERON MANUFACTURING AND DESIGN, INC.

CAMERON MANUFACTURING AND DESIGN, INC.EIN 16-1206646Plan #001PY 2023

727 BLOSTEIN BLVD - HORSEHEADS, NY 148452739607-739-3606cameronmfg.comLinkedIn201-500 employeesmachinery

Other plans on this EIN

1 filing

#003Retirement-$56.7M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.5M

+10.7% from 2022

Total participants

191

+8.5% from 2022

Average account balance

$51,724

+0.5% from 2022

Annual return

15.53%

+31.37 pp from 2022

Benchmarks

See 4,138 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,138 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.34M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

169

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$798K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$69

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 1 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290	Contract Administrator	$4,982

Plan features & details

Pension benefit codes2E2G2J2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$5K

$31 / participant

Contract admin$5K100.0%

% of EOY assets

0.052%

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: MENGEL METZGER BARR & CO., LLP
Auditor EIN: 161092347
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,724

$76,107-32.0%

$96,576-46.4%

$71,495-27.7%

Participation rate

95.0%

74.4%+20.6pp

76.0%+19.1pp

67.9%+27.1pp

Annual return

15.53%

22.81%-7.3pp

25.87%-10.3pp

28.85%-13.3pp

Employer contribution / active EE

$2,247-100.0%

$2,965-100.0%

$2,589-100.0%

Participant deferral / active EE

$4,747

$4,218+12.5%

$4,851-2.1%

$4,291+10.6%

Admin fee / account holder

$27

$2,708-99.0%

$8,253-99.7%

$1,588-98.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY8+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$4,982

CAMERON MANUFACTURING AND DESIGN, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAMERON MANUFACTURING AND DESIGN, INC. PROFIT SHARING 401(K) 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