Retirement plan

CONTECH - UNITED STEEL WORKERS, PALMER, MA SAVINGS

Name: CONTECH ENGINEERED SOLUTIONS, LLC - CONTECH - UNITED STEEL WORKERS, PALMER, MA SAVINGS (2024) Form 5500
Creator: CONTECH ENGINEERED SOLUTIONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONTECH - UNITED STEEL WORKERS, PALMER, MA SAVINGS, CONTECH ENGINEERED SOLUTIONS, LLC

CONTECH ENGINEERED SOLUTIONS, LLCEIN 31-1177165Plan #008PY 2024

5 CONCOURSE PARKWAY SUITE 1900 - ATLANTA, GA 30328404-634-9100conteches.comLinkedIn1001-5000 employeesconstruction

Other plans on this EIN

2 filings

#007Retirement-$1.2M assets #009Retirement-$358K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$836K

+12.1% from 2023

Total participants

-23.5% from 2023

Average account balance

$64,276

+37.9% from 2023

Annual return

14.90%

-3.65 pp from 2023

Benchmarks

See 8,621 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,621 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$836K

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

118.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$41K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4867

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 codes2E2F2G2J3D3H

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$63K

$5751 / participant

Other / not subdivided$63K100.0%

% of EOY assets

7.571%

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

$64,276

$125,193-48.7%

$105,591-39.1%

$145,978-56.0%

Participation rate

100.0%

77.6%+22.4pp

75.3%+24.7pp

80.3%+19.7pp

Annual return

14.90%

225.53%-210.6pp

116.43%-101.5pp

550.52%-535.6pp

Employer contribution / active EE

$1,351

$3,718-63.7%

$3,166-57.3%

$4,662-71.0%

Participant deferral / active EE

$2,372

$5,708-58.4%

$5,008-52.6%

$6,690-64.5%

Admin fee / account holder

$4,867

$17,277-71.8%

$11,024-55.9%

$13,400-63.7%

CONTECH - UNITED STEEL WORKERS, PALMER, MA SAVINGS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONTECH - UNITED STEEL WORKERS, PALMER, MA SAVINGS

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