Retirement plan

ALTRONICS SECURITY SYSTEMS PROFIT SHARING PLAN

Name: ALTRONICS SECURITY SYSTEMS - ALTRONICS SECURITY SYSTEMS PROFIT SHARING PLAN (2022) Form 5500
Creator: ALTRONICS SECURITY SYSTEMS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALTRONICS SECURITY SYSTEMS PROFIT SHARING PLAN, ALTRONICS SECURITY SYSTEMS

ALTRONICS SECURITY SYSTEMSEIN 23-2368650Plan #001PY 2022

824 EIGHTH AVENUE - BETHLEHEM, PA 18018610-868-8000altronicssecurity.comLinkedIn11-50 employeessecurity and investigations

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.2M

-40.5% from 2021

Total participants

-11.4% from 2021

Average account balance

$39,360

-25.2% from 2021

Annual return

-17.61%

-38.23 pp from 2021

Benchmarks

See 28,001 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,001 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+0.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$578K

$18061 / participant

Other / not subdivided$578K100.0%

% of EOY assets

47.366%

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

$39,360

$82,674-52.4%

$125,381-68.6%

$68,486-42.5%

Participation rate

75.0%

75.1%-0.1pp

82.4%-7.4pp

67.9%+7.1pp

Annual return

-17.61%

-5.97%-11.6pp

572.31%-589.9pp

-7.85%-9.8pp

Employer contribution / active EE

$1,719

$3,382-49.2%

$4,815-64.3%

$2,597-33.8%

Participant deferral / active EE

$1,623

$6,111-73.4%

$7,448-78.2%

$4,028-59.7%

Admin fee / account holder

$18,643

$6,277+197.0%

$10,007+86.3%

$5,404+245.0%

ALTRONICS SECURITY SYSTEMS PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALTRONICS SECURITY SYSTEMS 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