Retirement plan

AMROD CORP. SALARIED EMPLOYEE'S 401(K) PLAN

Name: AMROD - AMROD CORP. SALARIED EMPLOYEE'S 401(K) PLAN (2023) Form 5500
Creator: AMROD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMROD CORP. SALARIED EMPLOYEE'S 401(K) PLAN, AMROD

AMRODEIN 22-2480894Plan #002PY 2023

60 PENNSYLVANIA AVE. - SOUTH KEARNY, NJ 07032973-344-0700amrod.comLinkedIn1-10 employeesmining & metals

Other plans on this EIN

1 filing

#001Retirement-$2.9M assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.8M

+28.5% from 2022

Total participants

+7.1% from 2022

Average account balance

$130,041

+28.5% from 2022

Annual return

16.08%

+33.28 pp from 2022

Benchmarks

See 22,675 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,675 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.85M

Not enough data

1 years with asset history on file

Average account balance

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

$190K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$226K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+14.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$806

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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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 codes2E2F2G2J2T3D

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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$2K

$145 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.096%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$130,041

$110,257+17.9%

$96,544+34.7%

$139,434-6.7%

Participation rate

91.7%

78.1%+13.6pp

76.0%+15.7pp

80.3%+11.3pp

Annual return

16.08%

26.32%-10.2pp

25.84%-9.8pp

372.94%-356.9pp

Employer contribution / active EE

$3,620-100.0%

$2,965-100.0%

$4,751-100.0%

Participant deferral / active EE

$14,628

$5,548+163.7%

$4,851+201.6%

$6,710+118.0%

Admin fee / account holder

$124

$11,591-98.9%

$8,252-98.5%

$11,403-98.9%

AMROD CORP. SALARIED EMPLOYEE'S 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMROD CORP. SALARIED EMPLOYEE'S 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