Retirement plan

VICTORY IRON WORKS, INC. EMPLOYEES PROFIT SHARING PLAN

Name: VICTORY IRON WORKS, INC - VICTORY IRON WORKS, INC. EMPLOYEES PROFIT SHARING PLAN (2022) Form 5500
Creator: VICTORY IRON WORKS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VICTORY IRON WORKS, INC. EMPLOYEES PROFIT SHARING PLAN, VICTORY IRON WORKS, INC

VICTORY IRON WORKS, INCEIN 22-1508310Plan #001PY 2022

780 MOUNTAIN AVENUE - WYCKOFF, NJ 07481973-427-4498

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$943K

-10.1% from 2021

Total participants

+16.7% from 2021

Average account balance

$157,240

-25.1% from 2021

Annual return

-11.26%

-14.69 pp from 2021

Benchmarks

See 48,278 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort48,278 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$359K

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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

$2K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$353

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

+1.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$99911

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 codes2J2E2G

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1K

$221 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.140%

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

$157,240

$133,981+17.4%

$112,249+40.1%

$134,532+16.9%

Participation rate

83.3%

78.6%+4.8pp

75.1%+8.3pp

81.2%+2.1pp

Annual return

-11.26%

47.16%-58.4pp

27.48%-38.7pp

418.27%-429.5pp

Employer contribution / active EE

$2,002

$4,040-50.4%

$3,636-44.9%

$4,741-57.8%

Participant deferral / active EE

$270

$5,292-94.9%

$4,729-94.3%

$6,401-95.8%

Admin fee / account holder

$221

$7,492-97.1%

$6,412-96.6%

$11,429-98.1%

VICTORY IRON WORKS, INC. EMPLOYEES PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VICTORY IRON WORKS, INC. EMPLOYEES PROFIT SHARING 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