Retirement plan

CONTECH UNITED STEEL WORKERS, SUMMIT, KY SAVINGS

Name: CONTECH ENGINEERED SOLUTIONS, LLC - CONTECH UNITED STEEL WORKERS, SUMMIT, KY 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, SUMMIT, KY SAVINGS, CONTECH ENGINEERED SOLUTIONS, LLC

CONTECH ENGINEERED SOLUTIONS, LLCEIN 31-1177165Plan #009PY 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 #008Retirement-$836K assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$358K

+16.6% from 2023

Total participants

-20.0% from 2023

Average account balance

$51,096

+49.9% from 2023

Annual return

11.48%

-5.79 pp from 2023

Benchmarks

See 8,636 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,636 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$358K

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$104

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

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

Expense breakdown

Schedule H Part II

Admin total

$726

$91 / participant

Other / not subdivided$726100.0%

% of EOY assets

0.203%

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

$51,096

$126,519-59.6%

$106,201-51.9%

$145,959-65.0%

Participation rate

87.5%

77.7%+9.8pp

75.3%+12.2pp

80.3%+7.2pp

Annual return

11.48%

225.10%-213.6pp

116.26%-104.8pp

561.95%-550.5pp

Employer contribution / active EE

$784

$3,726-79.0%

$3,170-75.3%

$4,661-83.2%

Participant deferral / active EE

$1,198

$5,716-79.0%

$5,012-76.1%

$6,689-82.1%

Admin fee / account holder

$104

$17,312-99.4%

$11,039-99.1%

$13,398-99.2%

CONTECH UNITED STEEL WORKERS, SUMMIT, KY SAVINGS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONTECH UNITED STEEL WORKERS, SUMMIT, KY 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