Retirement plan

OLSON TECHNOLOGIES, INC. UNION 401(K) RETIREMENT PLAN

Name: OLSON TECHNOLOGIES, INC. - OLSON TECHNOLOGIES, INC. UNION 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: OLSON TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OLSON TECHNOLOGIES, INC. UNION 401(K) RETIREMENT PLAN, OLSON TECHNOLOGIES, INC.

OLSON TECHNOLOGIES, INC.EIN 23-2361912Plan #001PY 2024

160 WEST WALNUT STREET - ALLENTOWN, PA 18102610-770-1100

Other plans on this EIN

1 filing

#002Retirement-$4.3M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$765K

+11.7% from 2023

Total participants

0.0% from 2023

Average account balance

$38,271

+0.5% from 2023

Annual return

8.90%

-0.66 pp from 2023

Benchmarks

See 23,012 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort23,012 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$765K

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

111.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$47K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1718

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

$34K

$1909 / participant

Other / not subdivided$34K100.0%

% of EOY assets

4.490%

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

$38,271

$117,829-67.5%

$102,423-62.6%

$145,877-73.8%

Participation rate

94.4%

78.6%+15.8pp

76.5%+17.9pp

80.3%+14.1pp

Annual return

8.90%

31.83%-22.9pp

29.42%-20.5pp

551.28%-542.4pp

Employer contribution / active EE

$2,069

$3,615-42.7%

$3,023-31.5%

$4,663-55.6%

Participant deferral / active EE

$541

$5,732-90.6%

$5,054-89.3%

$6,691-91.9%

Admin fee / account holder

$1,718

$13,335-87.1%

$9,455-81.8%

$13,402-87.2%

OLSON TECHNOLOGIES, INC. UNION 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OLSON TECHNOLOGIES, INC. UNION 401(K) 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