Retirement plan

ORR SCREW MACHINE PRODUCTS INC. NON-CONTRIBUTORY PROFIT SHARING PLAN

Name: ORR SCREW MACHINE PRODUCTS INC. - ORR SCREW MACHINE PRODUCTS INC. NON-CONTRIBUTORY PROFIT SHARING PLAN (2023) Form 5500
Creator: ORR SCREW MACHINE PRODUCTS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORR SCREW MACHINE PRODUCTS INC. NON-CONTRIBUTORY PROFIT SHARING PLAN, ORR SCREW MACHINE PRODUCTS INC.

ORR SCREW MACHINE PRODUCTS INC.EIN 25-1010150Plan #001PY 2023

190 ORR ROAD - GREENSBURG, PA 15601724-668-2256

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5M

-5.6% from 2022

Total participants

-4.0% from 2022

Average account balance

$218,558

-1.5% from 2022

Annual return

12.06%

+26.48 pp from 2022

Benchmarks

See 22,643 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,643 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.31M

Not enough data

1 years with asset history on file

Average account balance

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

$231K

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.

104.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$210K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+17.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4768

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 codes2E2F2G3D

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.
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

$1.2M

$52330 / participant

Other / not subdivided$1M100.0%

% of EOY assets

22.902%

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

$218,558

$110,212+98.3%

$96,534+126.4%

$139,466+56.7%

Participation rate

95.5%

78.1%+17.3pp

76.0%+19.5pp

80.3%+15.1pp

Annual return

12.06%

26.42%-14.4pp

25.88%-13.8pp

373.66%-361.6pp

Employer contribution / active EE

$9,545

$3,620+163.7%

$2,965+221.9%

$4,754+100.8%

Participant deferral / active EE

$5,547-100.0%

$4,851-100.0%

$6,712-100.0%

Admin fee / account holder

$50,055

$11,599+331.6%

$8,253+506.5%

$11,409+338.7%

ORR SCREW MACHINE PRODUCTS INC. NON-CONTRIBUTORY PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORR SCREW MACHINE PRODUCTS INC. NON-CONTRIBUTORY 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