Retirement plan

OPEX CORPORATION 401K PROFIT SHARING PLAN

Name: OPEX CORPORATION/OPEX INTERNATIONAL - OPEX CORPORATION 401K PROFIT SHARING PLAN (2023) Form 5500
Creator: OPEX CORPORATION/OPEX INTERNATIONAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPEX CORPORATION 401K PROFIT SHARING PLAN, OPEX CORPORATION/OPEX INTERNATIONAL

OPEX CORPORATION/OPEX INTERNATIONALEIN 22-2013892Plan #001PY 2023

305 COMMERCE DRIVE - MOORESTOWN, NJ 08057856-727-1100opex.comLinkedIn1001-5000 employeesindustrial automation

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$169M

+19.3% from 2022

Total participants

1,848

-18.2% from 2022

Average account balance

$95,836

+46.6% from 2022

Annual return

18.01%

+33.51 pp from 2022

Benchmarks

See 809 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort809 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$194.17M

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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.

1,654

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.24M

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

+15.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$202

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 2 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY9+ years Service code 26 · EIN 71-0294708	Advisory (Participants)	$346,795
MERRILL LYNCH PIERCE FENNER & SMITH3 years Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI Service code 99 · EIN 13-5674085	Other Fees	$147,505

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$347K

$224 / participant

Investment mgmt$10K2.8%
Contract admin$333K96.1%
Other / not subdivided$4K1.1%

% of EOY assets

0.205%

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: KREISCHER MILLER
Auditor EIN: 231980475
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$95,836

$104,544-8.3%

$96,534-0.7%

$80,157+19.6%

Participation rate

94.5%

86.4%+8.2pp

76.0%+18.5pp

72.9%+21.6pp

Annual return

18.01%

21.79%-3.8pp

25.88%-7.9pp

40.39%-22.4pp

Employer contribution / active EE

$1,196

$3,527-66.1%

$2,965-59.7%

$2,977-59.8%

Participant deferral / active EE

$5,198

$6,170-15.8%

$4,851+7.2%

$5,015+3.7%

Admin fee / account holder

$197

$107+84.1%

$8,253-97.6%

$145+35.7%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY9+ years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$346,795

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI

Service code 99 · EIN 13-5674085

Other Fees

$147,505

OPEX CORPORATION 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPEX CORPORATION 401K 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