Retirement plan

EMPLOYEE BENEFIT PLAN OF ADVANCED TEST EQUIPMENT CORPORATION

Name: ADVANCED TEST EQUIPMENT CORPORATION - EMPLOYEE BENEFIT PLAN OF ADVANCED TEST EQUIPMENT CORPORATION (2019) Form 5500
Creator: ADVANCED TEST EQUIPMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF ADVANCED TEST EQUIPMENT CORPORATION, ADVANCED TEST EQUIPMENT CORPORATION

ADVANCED TEST EQUIPMENT CORPORATIONEIN 33-0075394Plan #002PY 2019

10401 ROSELLE ST - SAN DIEGO, CA 921211523858-558-6500advancedtestequipment.comLinkedIn51-200 employees

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.2M

+46.3% from 2018

Total participants

+16.9% from 2018

Average account balance

$31,408

+50.5% from 2018

Annual return

32.81%

+31.78 pp from 2018

Benchmarks

See 9,236 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,236 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.53M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

102.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$297K

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

+17.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$806

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 codes2F2G2T

Plan features

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$51K

$903 / participant

Other / not subdivided$51K100.0%

% of EOY assets

2.333%

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

$31,408

$83,485-62.4%

$125,195-74.9%

$72,976-57.0%

Participation rate

75.0%

73.3%+1.7pp

79.8%-4.8pp

69.5%+5.5pp

Annual return

32.81%

25.77%+7.0pp

43.79%-11.0pp

81.02%-48.2pp

Employer contribution / active EE

$1,055

$2,346-55.0%

$3,866-72.7%

$2,440-56.8%

Participant deferral / active EE

$3,385

$3,586-5.6%

$4,937-31.4%

$3,608-6.2%

Admin fee / account holder

$733

$5,518-86.7%

$9,704-92.4%

$5,124-85.7%

EMPLOYEE BENEFIT PLAN OF ADVANCED TEST EQUIPMENT CORPORATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF ADVANCED TEST EQUIPMENT CORPORATION

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