Retirement plan

AMERICAN QUALITY FABRICATION, INC. 401(K) PLAN

Name: AMERICAN QUALITY FABRICATION, INC. - AMERICAN QUALITY FABRICATION, INC. 401(K) PLAN (2019) Form 5500
Creator: AMERICAN QUALITY FABRICATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN QUALITY FABRICATION, INC. 401(K) PLAN, AMERICAN QUALITY FABRICATION, INC.

AMERICAN QUALITY FABRICATION, INC.EIN 31-1765845Plan #001PY 2019

849 SCHOLZ DRIVE - VANDALIA, OH 45377937-742-7001LinkedIn1-10 employeesrailroad manufacture

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$826K

+36.7% from 2018

Total participants

+21.7% from 2018

Average account balance

$35,929

+36.7% from 2018

Annual return

23.42%

+33.69 pp from 2018

Benchmarks

See 21,378 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,378 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.76M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

90.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$132K

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

+11.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2043

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 codes2G2J3D2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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

$47K

$1959 / participant

Other / not subdivided$47K100.0%

% of EOY assets

5.689%

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

$35,929

$103,393-65.2%

$87,103-58.8%

$152,909-76.5%

Participation rate

79.2%

79.4%-0.2pp

76.9%+2.3pp

82.5%-3.3pp

Annual return

23.42%

28.10%-4.7pp

28.19%-4.8pp

345.46%-322.0pp

Employer contribution / active EE

$1,569

$3,221-51.3%

$2,521-37.8%

$4,764-67.1%

Participant deferral / active EE

$3,735

$4,778-21.8%

$4,049-7.7%

$5,851-36.2%

Admin fee / account holder

$2,044

$12,195-83.2%

$7,491-72.7%

$11,601-82.4%

AMERICAN QUALITY FABRICATION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN QUALITY FABRICATION, INC. 401(K) 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