Retirement plan

AUTOMATIC HANDLING INTERNATIONAL, INC. RETIREMENT SAVINGS PLAN

Name: AUTOMATIC HANDLING INTERNATIONAL, INC. - AUTOMATIC HANDLING INTERNATIONAL, INC. RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: AUTOMATIC HANDLING INTERNATIONAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AUTOMATIC HANDLING INTERNATIONAL, INC. RETIREMENT SAVINGS PLAN, AUTOMATIC HANDLING INTERNATIONAL, INC.

AUTOMATIC HANDLING INTERNATIONAL, INC.EIN 26-0299622Plan #001PY 2024

360 LAVOY RD. - ERIE, MI 48133734-847-0633automatichandling.comLinkedIn51-200 employeesindustrial automation

Other plans on this EIN

1 filing

#002Retirement-$9.8M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.6M

+0.9% from 2023

Total participants

116

-8.7% from 2023

Average account balance

$96,767

+11.9% from 2023

Annual return

12.05%

-4.02 pp from 2023

Benchmarks

See 14,154 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,154 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.64M

Not enough data

1 years with asset history on file

Average account balance

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

$97K

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.

110

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.

92.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$741K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$65

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 3 by compensation

Provider	Service type	Compensation
OSAIC WEALTH INC1 year Filed as: OSAIC WEALTH, INC. Service code 27 · EIN 93-0987232	Advisory (Plan)	$24,693
PENSION ASSURANCE LLP1 year Filed as: PENSION INNOVATIONS CONSULTING, LLC Service code 49	Other Services	$5,271
PENSION ASSURANCE LLP1 year Filed as: PENSION INNOVATIONS & CONSULTING Service code 49 · EIN 34-1944384	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$7K

$89 / participant

Contract admin$6K86.0%
Other / not subdivided$1K14.0%

% of EOY assets

0.067%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,767

$86,949+11.3%

$102,460-5.6%

$80,959+19.5%

Participation rate

92.5%

72.4%+20.1pp

76.5%+16.0pp

67.7%+24.8pp

Annual return

12.05%

18.89%-6.8pp

29.47%-17.4pp

35.67%-23.6pp

Employer contribution / active EE

$2,542

$2,370+7.3%

$3,025-16.0%

$2,757-7.8%

Participant deferral / active EE

$6,723

$4,121+63.1%

$5,056+33.0%

$4,300+56.3%

Admin fee / account holder

$65

$8,048-99.2%

$9,460-99.3%

$6,925-99.1%

Provider

Service type

Compensation

OSAIC WEALTH INC1 year

Filed as: OSAIC WEALTH, INC.

Service code 27 · EIN 93-0987232

Advisory (Plan)

$24,693

PENSION ASSURANCE LLP1 year

Filed as: PENSION INNOVATIONS CONSULTING, LLC

Service code 49

Other Services

$5,271

PENSION ASSURANCE LLP1 year

Filed as: PENSION INNOVATIONS & CONSULTING

Service code 49 · EIN 34-1944384

Other Services

AUTOMATIC HANDLING INTERNATIONAL, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AUTOMATIC HANDLING INTERNATIONAL, INC. RETIREMENT SAVINGS 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