Retirement plan

APEX TOOL GROUP, LLC 401(K) SAVINGS PLAN

Name: APEX TOOL GROUP, LLC - APEX TOOL GROUP, LLC 401(K) SAVINGS PLAN (2023) Form 5500
Creator: APEX TOOL GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, APEX TOOL GROUP, LLC 401(K) SAVINGS PLAN, APEX TOOL GROUP, LLC

APEX TOOL GROUP, LLCEIN 27-1996059Plan #001PY 2023

910 RIDGEBROOK RD., SUITE 200 - SPARKS, MD 21152919-387-2491apextoolgroup.comLinkedIn5001-10000 employeesconsumer goods

Other plans on this EIN

2 filings

#046Retirement-$14.4M assets #002Retirement-$6.5M assets

Prospect flagsFailed to provide benefit

How to read this page

Total assets (EOY)

$269.9M

+3.4% from 2016

Total participants

1,877

+15.9% from 2016

Average account balance

$145,190

-5.7% from 2016

Annual return

16.68%

-8.68 pp from 2016

Benchmarks

See 809 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort809 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$276.25M

Not enough data

1 years with asset history on file

Average account balance

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

$165K

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.

1,677

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.

89.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$178

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
STRATEGIC ADVISORS, INC.9+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$120,134
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$114,696
CALLAN ASSOCIATES8 years Filed as: CALLAN ASSOCIATES INC Service code 16 · EIN 94-2192581	Consulting	$108,049

Plan features & details

Pension benefit codes2J2K2T2E2F2G

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.
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.

Opportunity flags

1 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$343K

$291 / participant

Recordkeeping$114K33.3%
Investment mgmt$120K35.0%
Contract admin$6000.2%
Other / not subdivided$108K31.5%

% of EOY assets

0.127%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RKL LLP
Auditor EIN: 232108173
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$145,190

$104,544+38.9%

$96,564+50.4%

$80,187+81.1%

Participation rate

98.5%

86.4%+12.1pp

76.0%+22.5pp

72.9%+25.5pp

Annual return

16.68%

21.79%-5.1pp

25.89%-9.2pp

40.40%-23.7pp

Employer contribution / active EE

$4,866

$3,527+37.9%

$2,967+64.0%

$2,980+63.3%

Participant deferral / active EE

$7,650

$6,170+24.0%

$4,852+57.7%

$5,016+52.5%

Admin fee / account holder

$184

$107+72.6%

$8,256-97.8%

$145+27.2%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.9+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$120,134

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$114,696

CALLAN ASSOCIATES8 years

Filed as: CALLAN ASSOCIATES INC

Service code 16 · EIN 94-2192581

Consulting

$108,049

APEX TOOL GROUP, LLC 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

APEX TOOL GROUP, LLC 401(K) 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