Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF INTERFLEX SERVICES CORP.

Name: INTERFLEX SERVICES CORP. - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF INTERFLEX SERVICES CORP. (2023) Form 5500
Creator: INTERFLEX SERVICES CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF INTERFLEX SERVICES CORP., INTERFLEX SERVICES CORP.

INTERFLEX SERVICES CORP.EIN 27-3908598Plan #001PY 2023

2330 PAMPERIN RD - GREEN BAY, WI 543138900920-434-5148LinkedIn1-10 employeesmachinery

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$1.8M

+14.6% from 2022

Total participants

+12.5% from 2022

Average account balance

$225,537

+14.6% from 2022

Annual return

13.76%

+27.94 pp from 2022

Benchmarks

See 22,651 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,651 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.80M

Not enough data

1 years with asset history on file

Average account balance

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

$257K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$27K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7042

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 codes2G3D2J2T

Plan features

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.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$41K

$6842 / participant

Other / not subdivided$41K100.0%

% of EOY assets

2.275%

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

$225,537

$110,307+104.5%

$96,576+133.5%

$139,456+61.7%

Participation rate

83.3%

78.1%+5.2pp

76.0%+7.4pp

80.3%+3.0pp

Annual return

13.76%

26.40%-12.6pp

25.87%-12.1pp

373.45%-359.7pp

Employer contribution / active EE

$3,619-100.0%

$2,965-100.0%

$4,753-100.0%

Participant deferral / active EE

$9,031

$5,547+62.8%

$4,851+86.2%

$6,711+34.6%

Admin fee / account holder

$5,132

$11,597-55.7%

$8,253-37.8%

$11,407-55.0%

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF INTERFLEX SERVICES CORP.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF INTERFLEX SERVICES CORP.

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