Retirement plan

ENERGETIQ 401(K) PLAN

Name: ENERGETIQ TECHNOLOGY, INC. - ENERGETIQ 401(K) PLAN (2023) 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 2023

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.3M

+42.0% from 2022

Total participants

120

+16.5% from 2022

Average account balance

$78,909

+16.1% from 2022

Annual return

15.31%

+35.61 pp from 2022

Benchmarks

See 14,453 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,453 peers

Snapshot2023

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

$249K

$2540 / participant

Other / not subdivided$249K100.0%

% of EOY assets

3.392%

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

$78,909

$80,983-2.6%

$96,544-18.3%

$75,177+5.0%

Participation rate

72.4%

71.8%+0.7pp

76.0%-3.5pp

67.2%+5.2pp

Annual return

15.31%

27.05%-11.7pp

25.88%-10.6pp

160.75%-145.4pp

Employer contribution / active EE

$5,565

$2,282+143.8%

$2,966+87.6%

$2,671+108.3%

Participant deferral / active EE

$11,048

$3,929+181.2%

$4,851+127.7%

$4,126+167.7%

Admin fee / account holder

$2,677

$6,717-60.2%

$8,254-67.6%

$5,651-52.6%

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