Retirement plan

ALL WEATHER SEAL 401(K) PLAN

Name: ALL WEATHER SEAL OF WEST MICHIGAN - ALL WEATHER SEAL 401(K) PLAN (2024) Form 5500
Creator: ALL WEATHER SEAL OF WEST MICHIGAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALL WEATHER SEAL 401(K) PLAN, ALL WEATHER SEAL OF WEST MICHIGAN

ALL WEATHER SEAL OF WEST MICHIGANEIN 32-0175720Plan #001PY 2024

319 E MAIN ST. - LOWELL, MI 49331616-648-7036allweathersealinc.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed January 26, 2024

Plan administrator

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319 E. MAIN ST.

LOWELL, MI 49331

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Plans declared (1)

ALL-WEATHER SEAL OF WEST MICHIGAN, INC. PHANTOM STOCK PLAN2 emp

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Total assets (EOY)

$636K

+77.8% from 2023

Total participants

+17.4% from 2023

Average account balance

$24,467

+50.4% from 2023

Annual return

14.25%

-10.38 pp from 2023

Benchmarks

See 54,761 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,761 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$636K

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

144.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$262K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+14.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1603

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

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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 codes2E2J2F2G3D

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

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

$42K

$2316 / participant

Other / not subdivided$42K100.0%

% of EOY assets

6.552%

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

$24,467

$110,410-77.8%

$102,437-76.1%

$145,897-83.2%

Participation rate

94.4%

77.9%+16.5pp

74.5%+19.9pp

80.3%+14.1pp

Annual return

14.25%

24.85%-10.6pp

24.95%-10.7pp

552.29%-538.0pp

Employer contribution / active EE

$3,834

$4,217-9.1%

$3,871-0.9%

$4,663-17.8%

Participant deferral / active EE

$10,726

$5,622+90.8%

$5,060+112.0%

$6,689+60.3%

Admin fee / account holder

$1,603

$9,745-83.6%

$8,388-80.9%

$13,390-88.0%

ALL WEATHER SEAL 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALL WEATHER SEAL 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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