Retirement plan

EMA DESIGN AUTOMATION INC 401(K) PROFIT SHARING PLAN & TRUST

Name: EMA DESIGN AUTOMATION INC - EMA DESIGN AUTOMATION INC 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: EMA DESIGN AUTOMATION INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMA DESIGN AUTOMATION INC 401(K) PROFIT SHARING PLAN & TRUST, EMA DESIGN AUTOMATION INC

EMA DESIGN AUTOMATION INCEIN 16-1474215Plan #001PY 2024

PO BOX 23325 - ROCHESTER, NY 146923325585-334-6001ema-eda.comLinkedIn51-200 employeescomputer software

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$11.6M

+17.7% from 2023

Total participants

108

-16.3% from 2023

Average account balance

$110,283

+41.3% from 2023

Annual return

23.11%

-9.26 pp from 2023

Benchmarks

See 28,844 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,844 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.58M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

105

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$811K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+23.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$294

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
PAYCHEX, INC.4 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Recordkeeping	$11,145
WELLTH ADVISORY SERVICES LLC1 year Filed as: WELLTH ADVISORY SERVICES, LLC Service code 26 · EIN 99-2539506 722 ESSINGTON RD SUITE A · JOLIET, IL 60435	Advisory (Participants)	$9,803
GLOBAL RETIREMENT PARTNERS LLC3 years Filed as: GLOBAL RETIREMENT PARTNERS Service code 26 · EIN 47-1411118 4340 REDWOOD HWY · SAN RAFAEL, CA 94903	Advisory (Participants)	$7,517

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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.

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$31K

$368 / participant

Trustee / custodial$8602.8%
Investment mgmt$19K61.1%
Contract admin$11K36.1%

% of EOY assets

0.267%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FLAHERY SALMIN LLP
Auditor EIN: 161461346
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,283

$102,422+7.7%

$147,117-25.0%

$80,959+36.2%

Participation rate

96.4%

75.9%+20.6pp

82.2%+14.2pp

67.7%+28.8pp

Annual return

23.11%

135.16%-112.0pp

420.54%-397.4pp

35.67%-12.6pp

Employer contribution / active EE

$3,717-100.0%

$4,932-100.0%

$2,757-100.0%

Participant deferral / active EE

$9,649

$6,652+45.1%

$8,065+19.6%

$4,300+124.4%

Admin fee / account holder

$294

$7,953-96.3%

$12,993-97.7%

$6,925-95.8%

Provider

Service type

Compensation

PAYCHEX, INC.4 years

Service code 15 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Recordkeeping

$11,145

WELLTH ADVISORY SERVICES LLC1 year

Filed as: WELLTH ADVISORY SERVICES, LLC

Service code 26 · EIN 99-2539506

722 ESSINGTON RD SUITE A · JOLIET, IL 60435

Advisory (Participants)

$9,803

GLOBAL RETIREMENT PARTNERS LLC3 years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 26 · EIN 47-1411118

4340 REDWOOD HWY · SAN RAFAEL, CA 94903

Advisory (Participants)

$7,517

EMA DESIGN AUTOMATION INC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMA DESIGN AUTOMATION INC 401(K) PROFIT SHARING PLAN & TRUST

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