Retirement plan

LEISS TOOL & DIE 401(K) PROFIT SHARING PLAN

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

LEISS TOOL & DIE CO.EIN 25-1297626Plan #001PY 2024

801 N. PLEASANT AVENUE - SOMERSET, PA 15501814-445-3400LinkedIn1-10 employees

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$14.3M

+14.1% from 2023

Total participants

118

-0.8% from 2023

Average account balance

$125,562

+18.1% from 2023

Annual return

18.72%

-4.70 pp from 2023

Benchmarks

See 14,154 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,154 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.31M

Not enough data

1 years with asset history on file

Average account balance

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

$126K

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.

114

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.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$374K

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

+18.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$333

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 2 by compensation

Provider	Service type	Compensation
PNC BANK, N.A.1 year Filed as: PNC BANK AMG OPS FEE GROUP Service code 27 P.O. BOX 952074 · CLEVELAND, OH 441013249	Advisory (Plan)	$25,201
THE VANGUARD GROUP, INC.2 years Service code 15 · EIN 23-1945930	Recordkeeping	$12,766

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T3B

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$38K

$391 / participant

Contract admin$13K33.6%
Other / not subdivided$25K66.4%

% of EOY assets

0.265%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BARNES SALY & COMPANY, P.C.
Auditor EIN: 364775872
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$125,562

$86,949+44.4%

$102,460+22.5%

$80,959+55.1%

Participation rate

95.9%

72.4%+23.5pp

76.5%+19.4pp

67.7%+28.2pp

Annual return

18.72%

18.89%-0.2pp

29.47%-10.8pp

35.67%-16.9pp

Employer contribution / active EE

$1,031

$2,370-56.5%

$3,025-65.9%

$2,757-62.6%

Participant deferral / active EE

$2,826

$4,121-31.4%

$5,056-44.1%

$4,300-34.3%

Admin fee / account holder

$333

$8,048-95.9%

$9,460-96.5%

$6,925-95.2%

Provider

Service type

Compensation

PNC BANK, N.A.1 year

Filed as: PNC BANK AMG OPS FEE GROUP

Service code 27

P.O. BOX 952074 · CLEVELAND, OH 441013249

Advisory (Plan)

$25,201

THE VANGUARD GROUP, INC.2 years

Service code 15 · EIN 23-1945930

Recordkeeping

$12,766

LEISS TOOL & DIE 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEISS TOOL & DIE 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