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 (2023) 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., INCEIN 31-0644724Plan #002PY 2023

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$9M

-3.0% from 2022

Total participants

-4.8% from 2022

Average account balance

$249,711

-8.4% from 2022

Annual return

11.62%

+25.04 pp from 2022

Benchmarks

See 14,453 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,453 peers

Snapshot2023

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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2.1M

$59230 / participant

Other / not subdivided$2M100.0%

% of EOY assets

23.061%

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

$249,711

$80,983+208.4%

$96,544+158.7%

$75,177+232.2%

Participation rate

88.6%

71.8%+16.8pp

76.0%+12.6pp

67.2%+21.4pp

Annual return

11.62%

27.05%-15.4pp

25.88%-14.3pp

160.75%-149.1pp

Employer contribution / active EE

$19,240

$2,282+743.0%

$2,966+548.6%

$2,671+620.3%

Participant deferral / active EE

$3,929-100.0%

$4,851-100.0%

$4,126-100.0%

Admin fee / account holder

$57,585

$6,717+757.4%

$8,254+597.6%

$5,651+919.0%

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