Retirement plan

METAL TEXTILES CORPORATION EMPLOYEES' SAVINGS PLAN

Name: METAL TEXTILES CORPORATION - METAL TEXTILES CORPORATION EMPLOYEES' SAVINGS PLAN (2024) Form 5500
Creator: METAL TEXTILES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METAL TEXTILES CORPORATION EMPLOYEES' SAVINGS PLAN, METAL TEXTILES CORPORATION

METAL TEXTILES CORPORATIONEIN 26-2858927Plan #003PY 2024

970 NEW DURHAM ROAD - EDISON, NJ 08818732-650-2826metaltextiles.comLinkedIn11-50 employeesmechanical or industrial engineering

Other plans on this EIN

1 filing

#001Retirement-$12.9M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$21.1M

+12.4% from 2023

Total participants

423

-56.6% from 2023

Average account balance

$54,357

-23.2% from 2023

Annual return

17.09%

-3.36 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.09M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

388

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.

85.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$891K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+17.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
WILMINGTON TRUST1 year Filed as: WILMINGTON TRUST N.A. Service code 27 · EIN 16-1486454	Advisory (Plan)	$35,870
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	-$45,391

Plan features & details

Pension benefit codes2F2G2J2T3H2E3D

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1K

$5 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.006%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,357

$79,209-31.4%

$102,434-46.9%

$74,459-27.0%

Participation rate

85.8%

74.8%+11.0pp

76.5%+9.3pp

67.2%+18.6pp

Annual return

17.09%

54.98%-37.9pp

29.46%-12.4pp

1369.70%-1352.6pp

Employer contribution / active EE

$2,362-100.0%

$3,023-100.0%

$2,626-100.0%

Participant deferral / active EE

$3,606

$4,417-18.4%

$5,055-28.7%

$4,350-17.1%

Admin fee / account holder

$2,002-99.8%

$9,462-100.0%

$1,945-99.8%

Provider

Service type

Compensation

WILMINGTON TRUST1 year

Filed as: WILMINGTON TRUST N.A.

Service code 27 · EIN 16-1486454

Advisory (Plan)

$35,870

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$45,391

METAL TEXTILES CORPORATION EMPLOYEES' SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METAL TEXTILES CORPORATION EMPLOYEES' 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