Retirement plan

ARTISAN CONTROLS CORPORATION 401(K) PROFIT SHARING PLAN & TRUST

Name: ARTISAN CONTROLS CORPORATION - ARTISAN CONTROLS CORPORATION 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: ARTISAN CONTROLS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARTISAN CONTROLS CORPORATION 401(K) PROFIT SHARING PLAN & TRUST, ARTISAN CONTROLS CORPORATION

ARTISAN CONTROLS CORPORATIONEIN 22-2821776Plan #001PY 2020

111 CANFIELD AVE., SUITE B 15-18 - RANDOLPH, NJ 07869800-457-4950artisancontrols.comLinkedIn11-50 employeeselectrical/electronic manufacturing

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$563K

-16.8% from 2019

Total participants

+10.0% from 2019

Average account balance

$56,261

-25.1% from 2019

Annual return

10.30%

-8.52 pp from 2019

Benchmarks

See 21,446 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,446 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$602K

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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

$61K

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

+13.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14799

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 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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$211K

$19182 / participant

Other / not subdivided$211K100.0%

% of EOY assets

37.504%

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

$56,261

$112,131-49.8%

$95,964-41.4%

$158,982-64.6%

Participation rate

90.9%

79.0%+11.9pp

77.1%+13.8pp

82.0%+8.9pp

Annual return

10.30%

171.19%-160.9pp

91.64%-81.3pp

302.99%-292.7pp

Employer contribution / active EE

$1,364

$3,199-57.4%

$2,541-46.3%

$4,763-71.4%

Participant deferral / active EE

$1,162

$4,784-75.7%

$4,167-72.1%

$5,983-80.6%

Admin fee / account holder

$21,100

$10,136+108.2%

$6,797+210.4%

$11,252+87.5%

ARTISAN CONTROLS CORPORATION 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARTISAN CONTROLS CORPORATION 401(K) PROFIT SHARING PLAN & TRUST

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