Retirement plan

SO-LOW ENVIRONMENTAL EQUIPMENT CO., INC. PROFIT SHARING PLAN

Name: SO-LOW ENVIRONMENTAL EQUIPMENT CO., INC. - SO-LOW ENVIRONMENTAL EQUIPMENT CO., INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: SO-LOW ENVIRONMENTAL EQUIPMENT CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SO-LOW ENVIRONMENTAL EQUIPMENT CO., INC. PROFIT SHARING PLAN, SO-LOW ENVIRONMENTAL EQUIPMENT CO., INC.

SO-LOW ENVIRONMENTAL EQUIPMENT CO., INC.EIN 31-0644724Plan #002PY 2024

10310 SPARTAN DRIVE - CINCINNATI, OH 45215513-772-9410

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$10.2M

+12.9% from 2023

Total participants

+5.0% from 2023

Average account balance

$307,606

+23.2% from 2023

Annual return

20.18%

+8.56 pp from 2023

Benchmarks

See 14,154 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,154 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.15M

Not enough data

1 years with asset history on file

Average account balance

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

$308K

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.

89.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$644K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+20.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$40733

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 codes2E3D2G2F2T

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$36330 / participant

Other / not subdivided$1M100.0%

% of EOY assets

13.242%

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

$307,606

$86,949+253.8%

$102,460+200.2%

$80,959+280.0%

Participation rate

75.7%

72.4%+3.3pp

76.5%-0.8pp

67.7%+8.0pp

Annual return

20.18%

18.89%+1.3pp

29.47%-9.3pp

35.67%-15.5pp

Employer contribution / active EE

$17,419

$2,370+635.1%

$3,025+475.8%

$2,757+531.8%

Participant deferral / active EE

$4,121-100.0%

$5,056-100.0%

$4,300-100.0%

Admin fee / account holder

$40,733

$8,048+406.2%

$9,460+330.6%

$6,925+488.2%

SO-LOW ENVIRONMENTAL EQUIPMENT CO., INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SO-LOW ENVIRONMENTAL EQUIPMENT CO., INC. PROFIT SHARING 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