Retirement plan

EASTERN TECHNOLOGIES, INC. PROFIT SHARING/ RETIREMENT SAVINGS PLAN

Name: EASTERN TECHNOLOGIES, INC. - EASTERN TECHNOLOGIES, INC. PROFIT SHARING/ RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: EASTERN TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EASTERN TECHNOLOGIES, INC. PROFIT SHARING/ RETIREMENT SAVINGS PLAN, EASTERN TECHNOLOGIES, INC.

EASTERN TECHNOLOGIES, INC.EIN 23-2391609Plan #001PY 2021

60 THOUSAND OAKS BLVD., SUITE 105 - MORGANTOWN, PA 19543610-286-2010go2eti.comLinkedIn11-50 employeeschemicals

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.1M

+1.3% from 2020

Total participants

-10.7% from 2020

Average account balance

$93,898

+24.4% from 2020

Annual return

17.27%

+8.93 pp from 2020

Benchmarks

See 8,356 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,356 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.57M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

135.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$228K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7167

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

1 tripped

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

$512K

$32002 / participant

Other / not subdivided$512K100.0%

% of EOY assets

24.787%

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

$93,898

$127,790-26.5%

$106,555-11.9%

$167,536-44.0%

Participation rate

81.3%

78.3%+3.0pp

76.1%+5.1pp

82.1%-0.9pp

Annual return

17.27%

33.88%-16.6pp

26.80%-9.5pp

478.82%-461.6pp

Employer contribution / active EE

$4,063

$3,428+18.5%

$2,819+44.1%

$4,839-16.0%

Participant deferral / active EE

$6,369

$5,088+25.2%

$4,399+44.8%

$6,342+0.4%

Admin fee / account holder

$23,274

$11,229+107.3%

$7,408+214.2%

$12,315+89.0%

EASTERN TECHNOLOGIES, INC. PROFIT SHARING/ RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EASTERN TECHNOLOGIES, INC. PROFIT SHARING/ RETIREMENT SAVINGS 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