Retirement plan

APPLIED MECHANICAL SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Name: APPLIED MECHANICAL SYSTEMS, INC. - APPLIED MECHANICAL SYSTEMS, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: APPLIED MECHANICAL SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, APPLIED MECHANICAL SYSTEMS, INC. 401(K) PROFIT SHARING PLAN, APPLIED MECHANICAL SYSTEMS, INC.

APPLIED MECHANICAL SYSTEMS, INC.EIN 31-0846401Plan #001PY 2023

5598 WOLF CREEK PIKE - DAYTON, OH 454262432937-854-3073appliedmechanicalsys.comLinkedIn51-200 employeesconstruction

Prospect flagsLow employer contribution

Top hat statement on fileNQDC

Filed October 5, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$17.6M

+17.0% from 2022

Total participants

233

-2.9% from 2022

Average account balance

$77,290

+19.6% from 2022

Annual return

16.46%

+31.34 pp from 2022

Benchmarks

See 3,254 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,254 peers

Snapshot2023

See peer percentile detail with Solo.

Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.

Start Solo for $4.99 Compare plans

Analytics

Total assets (EOY)

Plan-year ending balance

$19.81M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

223

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$204

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

See the 10-year trajectory with Solo.

Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.

Start Solo for $4.99 Compare plans

Service providers

Top 4 by compensation

Provider	Service type	Compensation
IRONSHORE FINANCIAL, LLC5 years Service code 51 · EIN 82-5023101 411 WALNUT STREET, #16760 · GREEN COVE SPRINGS, FL 32043	Investment Mgmt Fees	$15,750
TWG BENEFITS, INC.5 years Service code 64 · EIN 36-4028918 400 SKOKIE BLVD., SUITE 415 · NORTHBROOK, IL 60062	Recordkeeping Fees	$14,248
MATRIX TRUST COMPANY4 years Service code 19 · EIN 75-3182674 717 17TH STREET, SUITE 1300 · DENVER, CO 80202	Securities Custodian	$6,308
DYNAMIC PENSION SERVICES, INC.5 years Service code 13 · EIN 31-1585572 2176 HEWITT AVENUE, STE A · KETTERING, OH 45440	Contract Administrator	$5,745

Plan features & details

Pension benefit codes2A2E2F2J2K2S2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$42K

$217 / participant

Trustee / custodial$26K62.5%
Investment mgmt$16K37.5%

% of EOY assets

0.239%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BARNES, DENNIG & CO., LTD.
Auditor EIN: 311119890
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,290

$76,670+0.8%

$96,683-20.1%

$71,457+8.2%

Participation rate

97.4%

66.6%+30.8pp

74.3%+23.1pp

67.9%+29.5pp

Annual return

16.46%

48.29%-31.8pp

35.69%-19.2pp

28.85%-12.4pp

Employer contribution / active EE

$629

$3,031-79.3%

$3,737-83.2%

$2,588-75.7%

Participant deferral / active EE

$5,003

$3,771+32.7%

$4,878+2.6%

$4,289+16.7%

Admin fee / account holder

$184

$2,028-90.9%

$6,730-97.3%

$1,587-88.4%

Provider

Service type

Compensation

IRONSHORE FINANCIAL, LLC5 years

Service code 51 · EIN 82-5023101

411 WALNUT STREET, #16760 · GREEN COVE SPRINGS, FL 32043

Investment Mgmt Fees

$15,750

TWG BENEFITS, INC.5 years

Service code 64 · EIN 36-4028918

400 SKOKIE BLVD., SUITE 415 · NORTHBROOK, IL 60062

Recordkeeping Fees

$14,248

MATRIX TRUST COMPANY4 years

Service code 19 · EIN 75-3182674

717 17TH STREET, SUITE 1300 · DENVER, CO 80202

Securities Custodian

$6,308

DYNAMIC PENSION SERVICES, INC.5 years

Service code 13 · EIN 31-1585572

2176 HEWITT AVENUE, STE A · KETTERING, OH 45440

Contract Administrator

$5,745

APPLIED MECHANICAL SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

APPLIED MECHANICAL SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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