Retirement plan

MATRIX TOOL, INC. 401(K) PROFIT SHARING PLAN

Name: MATRIX TOOL INC - MATRIX TOOL, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MATRIX TOOL INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MATRIX TOOL, INC. 401(K) PROFIT SHARING PLAN, MATRIX TOOL INC

MATRIX TOOL INCEIN 25-1259371Plan #001PY 2024

4976 FRANKLIN AVE - FAIRVIEW, PA 16415814-474-5531matrixtoolinc.comLinkedIn51-200 employeesplastics

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$8.9M

+10.3% from 2023

Total participants

115

-4.2% from 2023

Average account balance

$86,061

+15.6% from 2023

Annual return

24.14%

+17.92 pp from 2023

Benchmarks

See 1,845 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,845 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.86M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

103

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.

88.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$383K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+24.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$278

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 27 · EIN 04-2647786	Advisory (Plan)	$28,195

Plan features & details

Pension benefit codes2G2J2T3F2F2E3D

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$29K

$275 / participant

Recordkeeping$11K39.9%
Investment mgmt$17K60.1%

% of EOY assets

0.322%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SCHAFFNER, KNIGHT, MINNAUGH & CO PC
Auditor EIN: 251690617
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,061

$78,636+9.4%

$105,607-18.5%

$74,459+15.6%

Participation rate

88.5%

72.8%+15.7pp

75.3%+13.2pp

67.2%+21.2pp

Annual return

24.14%

15.96%+8.2pp

116.11%-92.0pp

1369.70%-1345.6pp

Employer contribution / active EE

$673

$2,523-73.3%

$3,167-78.7%

$2,626-74.4%

Participant deferral / active EE

$3,010

$4,322-30.3%

$5,011-39.9%

$4,350-30.8%

Admin fee / account holder

$278

$2,220-87.5%

$10,958-97.5%

$1,945-85.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 27 · EIN 04-2647786

Advisory (Plan)

$28,195

MATRIX TOOL, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MATRIX TOOL, INC. 401(K) 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