Retirement plan

IMPAX AUTOMATION, LLC 401(K) PROFIT SHARING PLAN

Name: IMPAX AUTOMATION, LLC - IMPAX AUTOMATION, LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: IMPAX AUTOMATION, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IMPAX AUTOMATION, LLC 401(K) PROFIT SHARING PLAN, IMPAX AUTOMATION, LLC

IMPAX AUTOMATION, LLCEIN 26-2233560Plan #001PY 2024

3600 PEGASUS DRIVE, SUITE 11 - BAKERSFIELD, CA 93308661-391-8210impaxautomation.comLinkedIn11-50 employeesindustrial automation

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1M

+25.4% from 2023

Total participants

-13.9% from 2023

Average account balance

$42,564

+25.4% from 2023

Annual return

12.49%

-2.70 pp from 2023

Benchmarks

See 143,561 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,561 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.02M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

126.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$108K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$109

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$3K

$137 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.255%

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

$42,564

$160,028-73.4%

$147,080-71.1%

$145,884-70.8%

Participation rate

63.2%

84.0%-20.9pp

82.2%-19.0pp

80.3%-17.1pp

Annual return

12.49%

98.60%-86.1pp

420.17%-407.7pp

551.85%-539.4pp

Employer contribution / active EE

$2,072

$5,286-60.8%

$4,933-58.0%

$4,662-55.6%

Participant deferral / active EE

$3,613

$8,422-57.1%

$8,066-55.2%

$6,690-46.0%

Admin fee / account holder

$109

$15,030-99.3%

$12,989-99.2%

$13,392-99.2%

IMPAX AUTOMATION, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IMPAX AUTOMATION, LLC 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