Retirement plan

TRI-STATE RESISTANCE WELDING PRODUCTS, INC. 401(K) PROFIT SHARING PLAN

Name: TRI-STATE RESISTANCE WELDING PRODUCTS, INC. - TRI-STATE RESISTANCE WELDING PRODUCTS, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: TRI-STATE RESISTANCE WELDING PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRI-STATE RESISTANCE WELDING PRODUCTS, INC. 401(K) PROFIT SHARING PLAN, TRI-STATE RESISTANCE WELDING PRODUCTS, INC.

TRI-STATE RESISTANCE WELDING PRODUCTS, INC.EIN 31-1448239Plan #001PY 2022

7024 HARRISON AVENUE - CINCINNATI, OH 45247513-353-9020

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$1.8M

-7.8% from 2021

Total participants

0.0% from 2021

Average account balance

$587,186

-7.8% from 2021

Annual return

-14.22%

-19.19 pp from 2021

Benchmarks

See 23,464 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,464 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.69M

Not enough data

1 years with asset history on file

Average account balance

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

$897K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$138K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$46K

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

+11.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J3D

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.

Opportunity flags

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$587,186

$142,392+312.4%

$119,622+390.9%

$134,532+336.5%

Participation rate

100.0%

82.8%+17.2pp

79.3%+20.7pp

81.2%+18.8pp

Annual return

-14.22%

-12.46%-1.8pp

-14.98%+0.8pp

418.27%-432.5pp

Employer contribution / active EE

$21,667

$5,224+314.8%

$4,232+412.0%

$4,741+357.0%

Participant deferral / active EE

$19,300

$6,467+198.4%

$5,601+244.6%

$6,401+201.5%

Admin fee / account holder

$13,593-100.0%

$10,328-100.0%

$11,429-100.0%

TRI-STATE RESISTANCE WELDING PRODUCTS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

TRI-STATE RESISTANCE WELDING PRODUCTS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion