Retirement plan

AGGIETECH INVESTMENTS INC 401K PLAN

Name: AGGIETECH INVESTMENTS INC - AGGIETECH INVESTMENTS INC 401K PLAN (2023) Form 5500
Creator: AGGIETECH INVESTMENTS INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AGGIETECH INVESTMENTS INC 401K PLAN, AGGIETECH INVESTMENTS INC

AGGIETECH INVESTMENTS INCEIN 20-1112488Plan #001PY 2023

PO BOX 7742 - MIDLAND, TX 79708432-634-7497LinkedIn51-200 employeesmining & metals

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$4.1M

+24.6% from 2022

Total participants

154

+13.2% from 2022

Average account balance

$34,759

+9.9% from 2022

Annual return

16.84%

+30.89 pp from 2022

Benchmarks

See 266 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort266 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.04M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

133

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.

69.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$585K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$101

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 2 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS5 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$2,929
THE TRAVELERS INDEMNITY COMPANY1 year Filed as: THE TRAVELERS INDEMINITY COMPANY Service code 99 385 WASHINGTON ST · ST PAUL, MN 55102	Other Fees	$499

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$24 / participant

Investment mgmt$3K100.0%

% of EOY assets

0.062%

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: GARRETY AND ASSOCIATES CPA, LLC
Auditor EIN: 721510008
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,759

$72,352-52.0%

$142,516-75.6%

$71,529-51.4%

Participation rate

67.6%

71.7%-4.1pp

76.8%-9.2pp

67.9%-0.3pp

Annual return

16.84%

21.17%-4.3pp

20.03%-3.2pp

28.97%-12.1pp

Employer contribution / active EE

$788

$3,800-79.3%

$4,849-83.7%

$2,590-69.6%

Participant deferral / active EE

$2,601

$5,288-50.8%

$6,280-58.6%

$4,291-39.4%

Admin fee / account holder

$21

$1,438-98.5%

$10,008-99.8%

$1,588-98.6%

Provider

Service type

Compensation

AMERICAN FUNDS5 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$2,929

THE TRAVELERS INDEMNITY COMPANY1 year

Filed as: THE TRAVELERS INDEMINITY COMPANY

Service code 99

385 WASHINGTON ST · ST PAUL, MN 55102

Other Fees

$499

AGGIETECH INVESTMENTS INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AGGIETECH INVESTMENTS INC 401K 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