Retirement plan

NDI ENGINEERING COMPANY 401(K) PROFIT SHARING PLAN

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

NDI ENGINEERING COMPANYEIN 22-2465293Plan #001PY 2023

100 GROVE ROAD, P.O. BOX 518 - THOROFARE, NJ 08086856-848-0033ndieng.comLinkedIn201-500 employeesdefense & space

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$20.7M

+13.5% from 2022

Total participants

304

+6.7% from 2022

Average account balance

$91,446

+7.4% from 2022

Annual return

16.21%

+31.75 pp from 2022

Benchmarks

See 6,228 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,228 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.71M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

229

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.

65.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.91M

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

+14.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$92

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 4 by compensation

Provider	Service type	Compensation
TORRILLO & ASSOCIATES, LLC5 years Service code 15 · EIN 83-0414789	Recordkeeping	$14,800
ADP BROKER-DEALER4 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$1,585
ADP BROKER-DEALER9+ years Service code 59 · EIN 22-3319984	Shareholder Servicing	$0
RBC WEALTH MANAGEMENT7 years Service code 49 3 LANDMARK SQUARE · STAMFORD, CT 06901	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$16K

$71 / participant

Recordkeeping$2K9.7%
Other / not subdivided$15K90.3%

% of EOY assets

0.079%

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: TORRILLO & ASSOCIATES LLC
Auditor EIN: 830414789
Audit fees: $14,800
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,446

$91,4740%

$135,982-32.8%

$71,529+27.8%

Participation rate

66.4%

75.7%-9.3pp

81.9%-15.5pp

67.9%-1.6pp

Annual return

16.21%

29.89%-13.7pp

68.32%-52.1pp

28.97%-12.8pp

Employer contribution / active EE

$2,089

$3,705-43.6%

$4,859-57.0%

$2,590-19.3%

Participant deferral / active EE

$5,776

$7,095-18.6%

$7,760-25.6%

$4,291+34.6%

Admin fee / account holder

$73

$1,267-94.3%

$10,767-99.3%

$1,588-95.4%

Provider

Service type

Compensation

TORRILLO & ASSOCIATES, LLC5 years

Service code 15 · EIN 83-0414789

Recordkeeping

$14,800

ADP BROKER-DEALER4 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$1,585

ADP BROKER-DEALER9+ years

Service code 59 · EIN 22-3319984

Shareholder Servicing

RBC WEALTH MANAGEMENT7 years

Service code 49

3 LANDMARK SQUARE · STAMFORD, CT 06901

Other Services

NDI ENGINEERING COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NDI ENGINEERING COMPANY 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