Retirement plan

ENERGETIQ 401(K) PLAN

Name: ENERGETIQ TECHNOLOGY, INC. - ENERGETIQ 401(K) PLAN (2021) Form 5500
Creator: ENERGETIQ TECHNOLOGY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENERGETIQ 401(K) PLAN, ENERGETIQ TECHNOLOGY, INC.

ENERGETIQ TECHNOLOGY, INC.EIN 20-0839909Plan #002PY 2021

205 LOWELL STREET, SUITE 1A - WILMINGTON, MA 01887781-939-0763energetiq.comLinkedIn51-200 employeessemiconductors

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.8M

+48.7% from 2020

Total participants

+8.5% from 2020

Average account balance

$91,646

+32.2% from 2020

Annual return

28.63%

+19.92 pp from 2020

Benchmarks

See 14,566 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,566 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.84M

Not enough data

1 years with asset history on file

Average account balance

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

$141K

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.

97.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+13.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9569

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 codes2G3D3H

Plan features

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.
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

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

$186K

$3046 / participant

Other / not subdivided$186K100.0%

% of EOY assets

3.219%

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

$91,646

$86,288+6.2%

$111,306-17.7%

$85,851+6.7%

Participation rate

77.0%

73.3%+3.7pp

77.3%-0.3pp

69.3%+7.7pp

Annual return

28.63%

19.99%+8.6pp

54.67%-26.0pp

318.63%-290.0pp

Employer contribution / active EE

$2,966

$2,044+45.1%

$2,732+8.6%

$2,565+15.6%

Participant deferral / active EE

$12,822

$3,641+252.2%

$4,488+185.7%

$3,952+224.4%

Admin fee / account holder

$2,950

$8,189-64.0%

$7,966-63.0%

$6,261-52.9%

ENERGETIQ 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENERGETIQ 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