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 (2024) 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 2024

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.9M

-10.7% from 2023

Total participants

-2.9% from 2023

Average account balance

$69,588

-1.2% from 2023

Annual return

13.25%

-4.33 pp from 2023

Benchmarks

See 14,164 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,164 peers

Snapshot2024

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

$675K

$25980 / participant

Other / not subdivided$675K100.0%

% of EOY assets

34.668%

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

$69,588

$86,938-20.0%

$102,423-32.1%

$80,925-14.0%

Participation rate

76.9%

72.4%+4.5pp

76.5%+0.4pp

67.7%+9.3pp

Annual return

13.25%

18.89%-5.6pp

29.42%-16.2pp

35.65%-22.4pp

Employer contribution / active EE

$1,672

$2,369-29.4%

$3,023-44.7%

$2,756-39.3%

Participant deferral / active EE

$4,182

$4,120+1.5%

$5,054-17.3%

$4,299-2.7%

Admin fee / account holder

$24,125

$8,053+199.6%

$9,455+155.2%

$6,940+247.6%

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