Retirement plan

FLEXCRAFT 401(K) PLAN

Name: HOLOCRAFT CORPORATION D/B/A FLEXCRAFT COMPANY - FLEXCRAFT 401(K) PLAN (2024) Form 5500
Creator: HOLOCRAFT CORPORATION D/B/A FLEXCRAFT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLEXCRAFT 401(K) PLAN, HOLOCRAFT CORPORATION D/B/A FLEXCRAFT COMPANY

HOLOCRAFT CORPORATION D/B/A FLEXCRAFT COMPANYEIN 22-2304659Plan #001PY 2024

50 FLEXCRAFT DRIVE - NEPTUNE, NJ 07753732-502-9500

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$3.8M

+17.0% from 2023

Total participants

146

+6.6% from 2023

Average account balance

$30,470

+21.7% from 2023

Annual return

14.80%

-6.22 pp from 2023

Benchmarks

See 1,848 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,848 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.81M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

125

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.

79.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$557K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$222

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 6 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC4 years Filed as: UBS FINANCIAL SERVICES Service code 27 315 DEADERICK ST 5TH FLOOR · NASHVILLE, TN 37238	Advisory (Plan)	$10,150
RED BANK PENSION SERVICES, INC.2 years Filed as: RED BANK PENSION SERVICES INC Service code 13 · EIN 22-2755716 1161 BROAD STREET · SHREWSBURY, NJ 07702	Contract Administrator	$2,100
RED BANK PENSION SERVICES, INC.2 years Filed as: RED BANK PENSION SERVICES Service code 13	Contract Administrator	$1,713
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, NJ 80111	Investment Management	$661
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0
UBS FINANCIAL SERVICES INC2 years Filed as: UBS FINANCIAL SVCS Service code 55	Other Commissions	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D2T3H

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.
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

1 tripped

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

$28K

$274 / participant

Contract admin$28K100.0%

% of EOY assets

0.727%

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: COWAN GUNTESKI & CO., P.A.
Auditor EIN: 222426149
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,470

$78,562-61.2%

$105,608-71.1%

$74,429-59.1%

Participation rate

79.2%

72.8%+6.4pp

75.3%+3.9pp

67.2%+12.0pp

Annual return

14.80%

15.94%-1.1pp

116.50%-101.7pp

1368.38%-1353.6pp

Employer contribution / active EE

$2,820

$2,521+11.9%

$3,167-10.9%

$2,625+7.5%

Participant deferral / active EE

$2,690

$4,321-37.8%

$5,010-46.3%

$4,348-38.1%

Admin fee / account holder

$222

$2,217-90.0%

$11,028-98.0%

$1,944-88.6%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC4 years

Filed as: UBS FINANCIAL SERVICES

Service code 27

315 DEADERICK ST 5TH FLOOR · NASHVILLE, TN 37238

Advisory (Plan)

$10,150

RED BANK PENSION SERVICES, INC.2 years

Filed as: RED BANK PENSION SERVICES INC

Service code 13 · EIN 22-2755716

1161 BROAD STREET · SHREWSBURY, NJ 07702

Contract Administrator

$2,100

RED BANK PENSION SERVICES, INC.2 years

Filed as: RED BANK PENSION SERVICES

Service code 13

Contract Administrator

$1,713

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, NJ 80111

Investment Management

$661

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

UBS FINANCIAL SERVICES INC2 years

Filed as: UBS FINANCIAL SVCS

Service code 55

Other Commissions

FLEXCRAFT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLEXCRAFT 401(K) 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