Retirement plan

LEISS TOOL & DIE 401(K) PROFIT SHARING PLAN

Name: LEISS TOOL & DIE - LEISS TOOL & DIE 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: LEISS TOOL & DIE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEISS TOOL & DIE 401(K) PROFIT SHARING PLAN, LEISS TOOL & DIE

LEISS TOOL & DIEEIN 25-1297626Plan #001PY 2020

801 N PLEASANT AVENUE - SOMERSET, PA 15501814-444-1444LinkedIn1-10 employees

Prospect flagsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$12.2M

+18.6% from 2019

Total participants

146

-7.0% from 2019

Average account balance

$85,822

+27.8% from 2019

Annual return

21.35%

-2.51 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.2 years Service code 15 · EIN 27-2037969	Recordkeeping	$37,691

Plan features & details

Pension benefit codes2E2G2J2T3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$38K

$288 / participant

Contract admin$38K100.0%

% of EOY assets

0.309%

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

$85,822

$73,638+16.5%

$95,964-10.6%

$73,497+16.8%

Participation rate

96.9%

76.2%+20.8pp

77.1%+19.9pp

70.7%+26.3pp

Annual return

21.35%

16.78%+4.6pp

91.64%-70.3pp

28.51%-7.2pp

Employer contribution / active EE

$458

$1,863-75.4%

$2,541-82.0%

$2,270-79.8%

Participant deferral / active EE

$2,130

$3,617-41.1%

$4,167-48.9%

$3,740-43.0%

Admin fee / account holder

$265

$482-44.9%

$6,797-96.1%

$513-48.3%

Provider

Service type

Compensation

NEWPORT GROUP, INC.2 years

Service code 15 · EIN 27-2037969

Recordkeeping

$37,691

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