Retirement plan

KATAPULT ENGINEERING, INC. 401(K) PROFIT SHARING PLAN

Name: KATAPULT ENGINEERING, INC. - KATAPULT ENGINEERING, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: KATAPULT ENGINEERING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KATAPULT ENGINEERING, INC. 401(K) PROFIT SHARING PLAN, KATAPULT ENGINEERING, INC.

KATAPULT ENGINEERING, INC.EIN 20-2003799Plan #001PY 2022

19 N. BALTIMORE STREET - DILLSBURG, PA 17019717-432-0716katapultengineering.comLinkedIn51-200 employeesutilities

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.3M

+1.7% from 2021

Total participants

+30.6% from 2021

Average account balance

$27,892

-25.4% from 2021

Annual return

-17.45%

-33.98 pp from 2021

Benchmarks

See 28,005 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,005 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.58M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$607K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+25.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$228

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 codes2E2F2J2T3D

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).
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$27,892

$82,674-66.3%

$125,363-77.8%

$68,495-59.3%

Participation rate

66.1%

75.0%-9.0pp

82.4%-16.3pp

67.9%-1.8pp

Annual return

-17.45%

-5.97%-11.5pp

572.15%-589.6pp

-7.84%-9.6pp

Employer contribution / active EE

$1,654

$3,382-51.1%

$4,815-65.6%

$2,596-36.3%

Participant deferral / active EE

$2,573

$6,111-57.9%

$7,447-65.4%

$4,028-36.1%

Admin fee / account holder

$6,276-100.0%

$10,005-100.0%

$5,403-100.0%

KATAPULT ENGINEERING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

KATAPULT ENGINEERING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion