Retirement plan

COLONIAL MACHINE CO. , INC. PROFIT SHARING PLAN (THE)

Name: THE COLONIAL MACHINE CO., INC. - COLONIAL MACHINE CO. , INC. PROFIT SHARING PLAN (THE) (2022) Form 5500
Creator: THE COLONIAL MACHINE CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COLONIAL MACHINE CO. , INC. PROFIT SHARING PLAN (THE), THE COLONIAL MACHINE CO., INC.

THE COLONIAL MACHINE CO., INC.EIN 25-1234937Plan #002PY 2022

140 WEST STATE STREET, PO BOX 359 - PLEASANTVILLE, PA 163419788814-589-7033colonialmachine.netLinkedIn11-50 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.3M

-39.1% from 2021

Total participants

-19.2% from 2021

Average account balance

$62,245

-24.6% from 2021

Annual return

-14.81%

-31.34 pp from 2021

Benchmarks

See 22,362 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,362 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.49M

Not enough data

1 years with asset history on file

Average account balance

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

$138K

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.

128.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$144K

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

+11.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5807

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 codes2E3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

$731K

$40628 / participant

Other / not subdivided$731K100.0%

% of EOY assets

55.948%

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

$62,245

$100,811-38.3%

$86,698-28.2%

$134,545-53.7%

Participation rate

100.0%

79.0%+21.0pp

76.6%+23.4pp

81.2%+18.8pp

Annual return

-14.81%

29.11%-43.9pp

35.96%-50.8pp

418.37%-433.2pp

Employer contribution / active EE

$11,113

$3,490+218.4%

$2,837+291.7%

$4,742+134.4%

Participant deferral / active EE

$5,339-100.0%

$4,656-100.0%

$6,401-100.0%

Admin fee / account holder

$34,824

$10,926+218.7%

$7,492+364.8%

$11,431+204.7%

COLONIAL MACHINE CO. , INC. PROFIT SHARING PLAN (THE)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COLONIAL MACHINE CO. , INC. PROFIT SHARING PLAN (THE)

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