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 (2020) 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 2020

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

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.8M

+28.7% from 2019

Total participants

-2.3% from 2019

Average account balance

$82,075

+28.7% from 2019

Annual return

22.78%

+2.11 pp from 2019

Benchmarks

See 14,879 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,879 peers

Snapshot2020

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

$79K

$2648 / participant

Other / not subdivided$79K100.0%

% of EOY assets

2.846%

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

$82,075

$78,423+4.7%

$95,964-14.5%

$79,856+2.8%

Participation rate

73.3%

73.5%-0.2pp

77.1%-3.8pp

69.6%+3.7pp

Annual return

22.78%

19.37%+3.4pp

91.64%-68.9pp

31.71%-8.9pp

Employer contribution / active EE

$1,860

$1,945-4.4%

$2,541-26.8%

$2,471-24.7%

Participant deferral / active EE

$4,867

$3,440+41.5%

$4,167+16.8%

$3,741+30.1%

Admin fee / account holder

$2,336

$5,622-58.4%

$6,797-65.6%

$5,306-56.0%

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