Retirement plan

AIRLINE HYDRAULICS CORPORATION PROFIT SHARING AND 401(K) PLAN

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

AIRLINE HYDRAULICS CORPORATIONEIN 23-1426202Plan #001PY 2020

3557 PROGRESS DRIVE - BENSALEM, PA 190205807215-638-4700airlinehyd.comLinkedIn201-500 employeesindustrial automation

Other plans on this EIN

1 filing

#002Retirement-$43.6M assets

Prospect flagsHigh feesLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$32.2M

+12.7% from 2019

Total participants

351

-4.6% from 2019

Average account balance

$97,599

+12.3% from 2019

Annual return

15.35%

-1.68 pp from 2019

Benchmarks

See 2,346 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,346 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$43.78M

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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.

371

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.

94.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.78M

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

+18.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$817

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 3 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH Service code 17 · EIN 13-5674085	Pension Consulting	$53,989
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$36,034
KREISCHER MILLER6+ years Service code 10 · EIN 23-1980475	Accounting	$27,355

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

4 tripped

OpportunityLow employer contribution
Employer 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.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$104K

$342 / participant

Investment mgmt$27K26.1%
Contract admin$36K34.8%
Other / not subdivided$41K39.2%

% of EOY assets

0.322%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KREISCHER MILLER
Auditor EIN: 231980475
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,599

$79,519+22.7%

$95,956+1.7%

$73,412+32.9%

Participation rate

93.1%

81.2%+11.9pp

77.1%+16.0pp

72.2%+20.9pp

Annual return

15.35%

19.20%-3.8pp

91.63%-76.3pp

59.30%-43.9pp

Employer contribution / active EE

$408

$2,048-80.1%

$2,541-83.9%

$2,234-81.7%

Participant deferral / active EE

$6,099

$4,138+47.4%

$4,167+46.4%

$3,806+60.3%

Admin fee / account holder

$314

$184+70.3%

$6,797-95.4%

$158+98.8%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH

Service code 17 · EIN 13-5674085

Pension Consulting

$53,989

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$36,034

KREISCHER MILLER6+ years

Service code 10 · EIN 23-1980475

Accounting

$27,355

AIRLINE HYDRAULICS CORPORATION PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AIRLINE HYDRAULICS CORPORATION PROFIT SHARING AND 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