Retirement plan

SEW-EURODRIVE, INC. PROFIT SHARING/401(K) RETIREMENT PLAN

Name: SEW-EURODRIVE, INC. - SEW-EURODRIVE, INC. PROFIT SHARING/401(K) RETIREMENT PLAN (2024) Form 5500
Creator: SEW-EURODRIVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEW-EURODRIVE, INC. PROFIT SHARING/401(K) RETIREMENT PLAN, SEW-EURODRIVE, INC.

SEW-EURODRIVE, INC.EIN 31-0870891Plan #001PY 2024

1275 OLD SPARTANBURG HWY, P.O. BOX 518 - LYMAN, SC 29365864-439-8792seweurodrive.comLinkedIn10001+ employeesindustrial automation

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$238M

+14.5% from 2023

Total participants

1,220

+0.4% from 2023

Average account balance

$196,348

+13.9% from 2023

Annual return

15.03%

-2.89 pp from 2023

Benchmarks

See 840 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort840 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$237.97M

Not enough data

1 years with asset history on file

Average account balance

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

$196K

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.

1,212

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$153

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. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4 years Service code 13 · EIN 42-0127290	Contract Administrator	$126,117
NORTHWESTERN MUTUAL INVESTMENT SERV3 years Filed as: NORTHWESTERN MUTUAL WEALTH MGMT Service code 27 · EIN 39-2018056	Advisory (Plan)	$59,942
CREATIVE PLANNING LLC2 years Service code 26 · EIN 43-1270780	Advisory (Participants)	$13,616

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$185K

$174 / participant

Investment mgmt$60K32.4%
Contract admin$112K60.3%
Other / not subdivided$14K7.4%

% of EOY assets

0.078%

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: ELLIOTT DAVIS, LLC
Auditor EIN: 570381582
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

$196,348

$110,282+78.0%

$102,438+91.7%

$199,768-1.7%

Participation rate

99.2%

86.3%+13.0pp

76.5%+22.8pp

72.0%+27.2pp

Annual return

15.03%

35.75%-20.7pp

29.37%-14.3pp

34.26%-19.2pp

Employer contribution / active EE

$10,912

$3,603+202.8%

$3,024+260.9%

$3,037+259.3%

Participant deferral / active EE

$5,504

$6,376-13.7%

$5,054+8.9%

$5,090+8.1%

Admin fee / account holder

$153

$122+24.9%

$9,448-98.4%

$269-43.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4 years

Service code 13 · EIN 42-0127290

Contract Administrator

$126,117

NORTHWESTERN MUTUAL INVESTMENT SERV3 years

Filed as: NORTHWESTERN MUTUAL WEALTH MGMT

Service code 27 · EIN 39-2018056

Advisory (Plan)

$59,942

CREATIVE PLANNING LLC2 years

Service code 26 · EIN 43-1270780

Advisory (Participants)

$13,616

SEW-EURODRIVE, INC. PROFIT SHARING/401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEW-EURODRIVE, INC. PROFIT SHARING/401(K) RETIREMENT 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