Retirement plan

PITTSBURG TANK & TOWER GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: PITTSBURG TANK & TOWER GROUP, INC. - PITTSBURG TANK & TOWER GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2023) Form 5500
Creator: PITTSBURG TANK & TOWER GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PITTSBURG TANK & TOWER GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN, PITTSBURG TANK & TOWER GROUP, INC.

PITTSBURG TANK & TOWER GROUP, INC.EIN 30-0769075Plan #002PY 2023

1 WATERTANK PLACE - HENDERSON, KY 42420270-826-9000pttg.comLinkedIn201-500 employeesconstruction

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$79.2M

+27.5% from 2022

Total participants

372

+5.1% from 2022

Average account balance

$242,914

+18.9% from 2022

Annual return

24.79%

-9.95 pp from 2022

Benchmarks

See 2,422 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,422 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$92.77M

Not enough data

1 years with asset history on file

Average account balance

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

$235K

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.

394

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.

93.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.81M

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

+15.06%

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

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 codes2I2P2Q3H3I

Plan features

2I
Stock bonus
Stock bonus plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HARDING SHYMANSKI & CO., PSC
Auditor EIN: 351346211
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$242,914

$99,201+144.9%

$96,544+151.6%

$74,473+226.2%

Participation rate

84.9%

80.7%+4.2pp

76.0%+8.9pp

70.7%+14.2pp

Annual return

24.79%

22.40%+2.4pp

25.88%-1.1pp

34.36%-9.6pp

Employer contribution / active EE

$5,702

$2,570+121.9%

$2,966+92.2%

$2,638+116.1%

Participant deferral / active EE

$4,938-100.0%

$4,851-100.0%

$4,530-100.0%

Admin fee / account holder

$225-100.0%

$8,254-100.0%

$347-100.0%

PITTSBURG TANK & TOWER GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

PITTSBURG TANK & TOWER GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion