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 (2023) 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 2023

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.2M

+24.4% from 2022

Total participants

-5.4% from 2022

Average account balance

$70,408

+28.4% from 2022

Annual return

17.58%

+31.86 pp from 2022

Benchmarks

See 22,643 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,643 peers

Snapshot2023

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$40K

$1655 / participant

Other / not subdivided$40K100.0%

% of EOY assets

1.819%

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

$70,408

$110,212-36.1%

$96,534-27.1%

$139,466-49.5%

Participation rate

83.3%

78.1%+5.2pp

76.0%+7.4pp

80.3%+3.0pp

Annual return

17.58%

26.42%-8.8pp

25.88%-8.3pp

373.66%-356.1pp

Employer contribution / active EE

$1,798

$3,620-50.3%

$2,965-39.4%

$4,754-62.2%

Participant deferral / active EE

$4,837

$5,547-12.8%

$4,851-0.3%

$6,712-27.9%

Admin fee / account holder

$1,281

$11,599-89.0%

$8,253-84.5%

$11,409-88.8%

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