Retirement plan

NAVMAR APPLIED SCIENCES CORPORATION 401(K) PROFIT SHARING PLAN

Name: NAVMAR APPLIED SCIENCES CORPORATION - NAVMAR APPLIED SCIENCES CORPORATION 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: NAVMAR APPLIED SCIENCES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NAVMAR APPLIED SCIENCES CORPORATION 401(K) PROFIT SHARING PLAN, NAVMAR APPLIED SCIENCES CORPORATION

NAVMAR APPLIED SCIENCES CORPORATIONEIN 23-2054431Plan #001PY 2024

65 W. STREET ROAD, BUILDING-C - WARMINSTER, PA 18974215-675-4900nasc.comLinkedIn201-500 employeesdefense & space

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$31.9M

+5.1% from 2023

Total participants

269

-7.2% from 2023

Average account balance

$122,500

+12.4% from 2023

Annual return

12.60%

-3.82 pp from 2023

Benchmarks

See 6,278 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,278 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.85M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

260

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.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$401

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 2 by compensation

Provider	Service type	Compensation
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ INR ADVISORY SERVICES, LLC Service code 26 · EIN 81-3968784 115 W STATE STREET · MEDIA, PA 19063	Advisory (Participants)	$70,895
PCS RETIREMENT, LLC1 year Service code 15 · EIN 23-3038464 1818 MARKET STREET · PHILADELPHIA, PA 19103	Recordkeeping	$33,356

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$104K

$914 / participant

Recordkeeping$16K15.5%
Investment mgmt$88K84.5%

% of EOY assets

0.327%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FISCHER DORWART, PC
Auditor EIN: 232247478
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$122,500

$101,672+20.5%

$147,117-16.7%

$74,478+64.5%

Participation rate

92.1%

75.5%+16.6pp

82.2%+9.9pp

67.2%+24.9pp

Annual return

12.60%

8757.83%-8745.2pp

420.54%-407.9pp

1370.56%-1358.0pp

Employer contribution / active EE

$1,293

$3,813-66.1%

$4,932-73.8%

$2,626-50.8%

Participant deferral / active EE

$7,846

$7,305+7.4%

$8,065-2.7%

$4,350+80.3%

Admin fee / account holder

$401

$1,753-77.1%

$12,993-96.9%

$1,946-79.4%

Provider

Service type

Compensation

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ INR ADVISORY SERVICES, LLC

Service code 26 · EIN 81-3968784

115 W STATE STREET · MEDIA, PA 19063

Advisory (Participants)

$70,895

PCS RETIREMENT, LLC1 year

Service code 15 · EIN 23-3038464

1818 MARKET STREET · PHILADELPHIA, PA 19103

Recordkeeping

$33,356

NAVMAR APPLIED SCIENCES CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NAVMAR APPLIED SCIENCES CORPORATION 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