Retirement plan

NATIONAL CHEMICAL LABORATORIES PROFIT SHARING AND RETIREMENT PLAN

Name: NATIONAL CHEMICAL LABORATORIES - NATIONAL CHEMICAL LABORATORIES PROFIT SHARING AND RETIREMENT PLAN (2024) Form 5500
Creator: NATIONAL CHEMICAL LABORATORIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL CHEMICAL LABORATORIES PROFIT SHARING AND RETIREMENT PLAN, NATIONAL CHEMICAL LABORATORIES

NATIONAL CHEMICAL LABORATORIESEIN 23-1541429Plan #001PY 2024

401 NORTH 10TH STREET - PHILADELPHIA, PA 19123215-922-1200nclonline.comLinkedIn51-200 employeeschemicals

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$13.4M

+6.6% from 2023

Total participants

-7.4% from 2023

Average account balance

$234,889

+8.4% from 2023

Annual return

13.62%

-1.48 pp from 2023

Benchmarks

See 5,399 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,399 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.39M

Not enough data

1 years with asset history on file

Average account balance

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

$235K

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.

74.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$516K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24668

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 codes2E2F2G2J2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

$1.4M

$18261 / participant

Other / not subdivided$1M100.0%

% of EOY assets

10.502%

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

$234,889

$87,106+169.7%

$105,607+122.4%

$80,935+190.2%

Participation rate

61.0%

70.4%-9.4pp

75.3%-14.2pp

67.7%-6.6pp

Annual return

13.62%

17.01%-3.4pp

116.11%-102.5pp

35.66%-22.0pp

Employer contribution / active EE

$1,917

$2,396-20.0%

$3,167-39.5%

$2,757-30.5%

Participant deferral / active EE

$4,782

$3,986+20.0%

$5,011-4.6%

$4,299+11.2%

Admin fee / account holder

$24,668

$8,447+192.0%

$10,958+125.1%

$6,924+256.3%

NATIONAL CHEMICAL LABORATORIES PROFIT SHARING AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL CHEMICAL LABORATORIES PROFIT SHARING AND RETIREMENT 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