Retirement plan

AXTRIA INC. 401K PLAN

Name: AXTRIA INC - AXTRIA INC. 401K PLAN (2023) Form 5500
Creator: AXTRIA INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AXTRIA INC. 401K PLAN, AXTRIA INC

AXTRIA INCEIN 27-1142668Plan #002PY 2023

300 CONNELL DR., 5TH FLOOR - BERKELEY HEIGHTS, NJ 07922877-929-8742

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$38.2M

+50.7% from 2022

Total participants

932

+23.9% from 2022

Average account balance

$58,279

+21.2% from 2022

Annual return

27.11%

+45.86 pp from 2022

Benchmarks

See 3,232 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,232 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$50.49M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

680

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.

69.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+18.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$148

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
VOYA RETIREMENT INSURANCE & ANNUITY3+ years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$74,000
METZ & ASSOCIATES PLLC1 year Filed as: METZ AND ASSOCIATES PLLC Service code 99 · EIN 22-2000222	Other Fees	$8,074
MORNINGSTAR1 year Service code 27 · EIN 36-3297908	Advisory (Plan)	$5,233

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$74K

$99 / participant

Investment mgmt$8K10.9%
Contract admin$65K88.3%
Other / not subdivided$6000.8%

% of EOY assets

0.194%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: METZ & ASSOCIATES, PLLC
Auditor EIN: 464558541
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,279

$95,417-38.9%

$135,974-57.1%

$74,460-21.7%

Participation rate

63.0%

78.2%-15.2pp

81.9%-18.9pp

70.7%-7.7pp

Annual return

27.11%

32.76%-5.7pp

68.30%-41.2pp

34.38%-7.3pp

Employer contribution / active EE

$3,490

$3,878-10.0%

$4,859-28.2%

$2,638+32.3%

Participant deferral / active EE

$7,423

$7,789-4.7%

$7,760-4.3%

$4,530+63.9%

Admin fee / account holder

$113

$266-57.6%

$10,767-99.0%

$348-67.5%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY3+ years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$74,000

METZ & ASSOCIATES PLLC1 year

Filed as: METZ AND ASSOCIATES PLLC

Service code 99 · EIN 22-2000222

Other Fees

$8,074

MORNINGSTAR1 year

Service code 27 · EIN 36-3297908

Advisory (Plan)

$5,233

AXTRIA INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AXTRIA INC. 401K 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