Retirement plan

ASSOCIATED EQUIPMENT COMPANY, INC. PROFIT SHARING & 401K PLAN

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

ASSOCIATED EQUIPMENT COMPANY, INC.EIN 20-3433875Plan #001PY 2024

1603 N. MAIN STREET - PEARLAND, TX 775812803281-485-6258

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$35.4M

+9.5% from 2023

Total participants

172

-0.6% from 2023

Average account balance

$205,853

+6.9% from 2023

Annual return

15.11%

-1.42 pp from 2023

Benchmarks

See 4,099 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,099 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.41M

Not enough data

1 years with asset history on file

Average account balance

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

$206K

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.

172

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

$1.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$439

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 4 by compensation

Provider	Service type	Compensation
FROST BANK9 years Service code 27 P.O.BOX 1600 · SAN ANTONIO, TX 78296	Advisory (Plan)	$40,126
AMERICAN UNITED LIFE INSURANCE CO10+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$35,445
MATRIX TRUST COMPANY4 years Service code 19	Securities Custodian	$0
MATRIX TRUST COMPANY4 years Filed as: MATTRIX TRUST COMPANY Service code 19 · EIN 76-3182674	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$76K

$511 / participant

Recordkeeping$35K46.9%
Investment mgmt$40K53.1%

% of EOY assets

0.213%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ANDERS MINKLER HUBER & HELM LLP
Auditor EIN: 430831507
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$205,853

$79,223+159.8%

$102,460+100.9%

$74,478+176.4%

Participation rate

100.0%

74.8%+25.2pp

76.5%+23.5pp

67.2%+32.8pp

Annual return

15.11%

54.98%-39.9pp

29.47%-14.4pp

1370.56%-1355.5pp

Employer contribution / active EE

$3,481

$2,363+47.3%

$3,025+15.1%

$2,626+32.6%

Participant deferral / active EE

$4,646

$4,417+5.2%

$5,056-8.1%

$4,350+6.8%

Admin fee / account holder

$439

$2,003-78.1%

$9,460-95.4%

$1,946-77.4%

Provider

Service type

Compensation

FROST BANK9 years

Service code 27

P.O.BOX 1600 · SAN ANTONIO, TX 78296

Advisory (Plan)

$40,126

AMERICAN UNITED LIFE INSURANCE CO10+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$35,445

MATRIX TRUST COMPANY4 years

Service code 19

Securities Custodian

MATRIX TRUST COMPANY4 years

Filed as: MATTRIX TRUST COMPANY

Service code 19 · EIN 76-3182674

Securities Custodian

ASSOCIATED EQUIPMENT COMPANY, INC. PROFIT SHARING & 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASSOCIATED EQUIPMENT COMPANY, INC. PROFIT SHARING & 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