Retirement plan

ELECTRO-MINIATURES CORP. UNION 401(K) PROFIT SHARING PLAN

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

ELECTRO-MINIATURES CORP.EIN 22-2027606Plan #002PY 2023

68 WEST COMMERCIAL AVENUE - MOONACHIE, NJ 070741703201-460-0510electro-miniatures.comLinkedIn51-200 employeeselectrical/electronic manufacturing

Other plans on this EIN

1 filing

#001Retirement-$2.1M assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$364K

+78.9% from 2022

Total participants

+32.6% from 2022

Average account balance

$6,999

+47.9% from 2022

Annual return

25.72%

+43.72 pp from 2022

Benchmarks

See 14,456 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,456 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$559K

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

118.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$151K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$166

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 codes2E2F2J2G3D

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.
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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant 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

$3K

$78 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.754%

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

$6,999

$80,992-91.4%

$96,534-92.7%

$75,173-90.7%

Participation rate

85.7%

71.8%+13.9pp

76.0%+9.7pp

67.2%+18.5pp

Annual return

25.72%

27.05%-1.3pp

25.88%-0.2pp

160.72%-135.0pp

Employer contribution / active EE

$1,314

$2,283-42.4%

$2,965-55.7%

$2,671-50.8%

Participant deferral / active EE

$1,776

$3,929-54.8%

$4,851-63.4%

$4,126-57.0%

Admin fee / account holder

$53

$6,717-99.2%

$8,253-99.4%

$5,651-99.1%

ELECTRO-MINIATURES CORP. UNION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELECTRO-MINIATURES CORP. UNION 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