Retirement plan

INVENT ENVIRONMENTAL TECHNOLOGIES INC 401(K) PROFIT S

Name: INVENT ENVIRONMENTAL TECHNOLOGIE - INVENT ENVIRONMENTAL TECHNOLOGIES INC 401(K) PROFIT S (2023) Form 5500
Creator: INVENT ENVIRONMENTAL TECHNOLOGIE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INVENT ENVIRONMENTAL TECHNOLOGIES INC 401(K) PROFIT S, INVENT ENVIRONMENTAL TECHNOLOGIE

INVENT ENVIRONMENTAL TECHNOLOGIEEIN 20-8750033Plan #001PY 2023

218 LITTLE FALLS RD, UNIT 7-8 - CEDAR GROVE, NJ 07009973-571-2223invent-et.comLinkedIn11-50 employeesenvironmental services

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

+36.7% from 2022

Total participants

-23.5% from 2022

Average account balance

$89,767

+70.9% from 2022

Annual return

31.69%

+47.15 pp from 2022

Benchmarks

See 23,814 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,814 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.39M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

107.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$185K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J2T3D3H

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.
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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$120K

$9244 / participant

Other / not subdivided$120K100.0%

% of EOY assets

11.156%

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

$89,767

$154,193-41.8%

$130,045-31.0%

$139,466-35.6%

Participation rate

92.3%

82.0%+10.3pp

78.5%+13.8pp

80.3%+12.0pp

Annual return

31.69%

32.51%-0.8pp

-137.30%+169.0pp

373.66%-342.0pp

Employer contribution / active EE

$2,100

$5,292-60.3%

$4,321-51.4%

$4,754-55.8%

Participant deferral / active EE

$10,158

$6,709+51.4%

$5,820+74.5%

$6,712+51.3%

Admin fee / account holder

$10,015

$13,989-28.4%

$10,600-5.5%

$11,409-12.2%

INVENT ENVIRONMENTAL TECHNOLOGIES INC 401(K) PROFIT S

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INVENT ENVIRONMENTAL TECHNOLOGIES INC 401(K) PROFIT S

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