Retirement plan

SW ELECTRONICS AND MANUFACTURING CORPORATION 401(K) PROFIT SHARING PLAN

Name: S.W. ELECTRONICS AND MANUFACTURING CORPORATION - SW ELECTRONICS AND MANUFACTURING CORPORATION 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: S.W. ELECTRONICS AND MANUFACTURING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SW ELECTRONICS AND MANUFACTURING CORPORATION 401(K) PROFIT SHARING PLAN, S.W. ELECTRONICS AND MANUFACTURING CORPORATION

S.W. ELECTRONICS AND MANUFACTURING CORPORATIONEIN 22-1766038Plan #001PY 2024

1215 NORTH CHURCH STREET - MOORESTOWN, NJ 08057856-222-9900

Other plans on this EIN

1 filing

#002Retirement-$6.3M assets

Prospect flagsLow returnsLow participationLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$2.1M

-4.7% from 2023

Total participants

154

+30.5% from 2023

Average account balance

$21,362

+6.9% from 2023

Annual return

9.86%

-7.26 pp from 2023

Benchmarks

See 4,103 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,103 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.18M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

67.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$179K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4272

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

Top 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION3 years Service code 13 · EIN 35-1140070 1301 S HARRISON STREET · FORT WAYNE, IN 46801	Contract Administrator	$14,614
RETIREWELL ADMINISTRATORS3 years Filed as: RETIREWELL ADMINISTRATORS INC Service code 15 · EIN 22-2752206 1002 LINCOLN DR W STE E · MARLTON, NJ 08053	Recordkeeping	$5,885

Plan features & details

Pension benefit codes2E2J2K2F2G3D2R3H2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$20K

$155 / participant

Contract admin$20K100.0%

% of EOY assets

0.972%

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: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,362

$79,181-73.0%

$102,423-79.1%

$74,429-71.3%

Participation rate

57.3%

74.8%-17.5pp

76.5%-19.3pp

67.2%-10.0pp

Annual return

9.86%

54.97%-45.1pp

29.42%-19.6pp

1368.38%-1358.5pp

Employer contribution / active EE

$100

$2,362-95.8%

$3,023-96.7%

$2,625-96.2%

Participant deferral / active EE

$1,249

$4,416-71.7%

$5,054-75.3%

$4,348-71.3%

Admin fee / account holder

$208

$2,002-89.6%

$9,455-97.8%

$1,944-89.3%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION3 years

Service code 13 · EIN 35-1140070

1301 S HARRISON STREET · FORT WAYNE, IN 46801

Contract Administrator

$14,614

RETIREWELL ADMINISTRATORS3 years

Filed as: RETIREWELL ADMINISTRATORS INC

Service code 15 · EIN 22-2752206

1002 LINCOLN DR W STE E · MARLTON, NJ 08053

Recordkeeping

$5,885

SW ELECTRONICS AND MANUFACTURING CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SW ELECTRONICS AND MANUFACTURING CORPORATION 401(K) 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