Retirement plan

H.R. EDGAR MACHINING & FABRICATING, INC. 401(K) PROFIT SHARING PLAN

Name: H.R. EDGAR MACHINING & FABRICATING, INC. - H.R. EDGAR MACHINING & FABRICATING, INC. 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: H.R. EDGAR MACHINING & FABRICATING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, H.R. EDGAR MACHINING & FABRICATING, INC. 401(K) PROFIT SHARING PLAN, H.R. EDGAR MACHINING & FABRICATING, INC.

H.R. EDGAR MACHINING & FABRICATING, INC.EIN 25-1319834Plan #003PY 2019

931 MERWIN ROAD - NEW KENSINGTON, PA 15068724-339-6694

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.2M

+26.8% from 2018

Total participants

+4.9% from 2018

Average account balance

$63,763

+26.8% from 2018

Annual return

20.67%

+25.16 pp from 2018

Benchmarks

See 14,956 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,956 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.46M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

116.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$163K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+18.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$26

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 codes2E2F2J2T3D

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).
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$65K

$2034 / participant

Other / not subdivided$65K100.0%

% of EOY assets

3.002%

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

$63,763

$72,486-12.0%

$87,103-26.8%

$72,976-12.6%

Participation rate

71.9%

72.8%-0.9pp

76.9%-5.0pp

69.5%+2.4pp

Annual return

20.67%

24.46%-3.8pp

28.19%-7.5pp

81.02%-60.3pp

Employer contribution / active EE

$1,531

$1,894-19.1%

$2,521-39.3%

$2,440-37.2%

Participant deferral / active EE

$3,798

$3,270+16.1%

$4,049-6.2%

$3,608+5.3%

Admin fee / account holder

$1,914

$5,055-62.1%

$7,491-74.4%

$5,124-62.6%

H.R. EDGAR MACHINING & FABRICATING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

H.R. EDGAR MACHINING & FABRICATING, 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