Retirement plan

AMERICAN BRIGHT OPTOELECTRONICS CORP. 401(K) SAFE HARBOR PROFIT SHARING PLAN

Name: AMERICAN BRIGHT OPTOELECTRONICS CORP. - AMERICAN BRIGHT OPTOELECTRONICS CORP. 401(K) SAFE HARBOR PROFIT SHARING PLAN (2024) Form 5500
Creator: AMERICAN BRIGHT OPTOELECTRONICS CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN BRIGHT OPTOELECTRONICS CORP. 401(K) SAFE HARBOR PROFIT SHARING PLAN, AMERICAN BRIGHT OPTOELECTRONICS CORP.

AMERICAN BRIGHT OPTOELECTRONICS CORP.EIN 33-0670576Plan #001PY 2024

13815-C MAGNOLIA AVE. - CHINO, CA 91710909-628-5050americanbrightled.comLinkedIn11-50 employeeselectrical/electronic manufacturing

Other plans on this EIN

1 filing

#002Retirement-$3.5M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$943K

-60.7% from 2023

Total participants

+8.3% from 2023

Average account balance

$78,568

-60.7% from 2023

Annual return

5.14%

-11.48 pp from 2023

Benchmarks

See 23,862 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,862 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$943K

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

92.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$144K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+5.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$144002

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 codes2E2G2J3D

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.7M

$132925 / participant

Other / not subdivided$2M100.0%

% of EOY assets

183.284%

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

$78,568

$166,242-52.7%

$165,071-52.4%

$145,884-46.1%

Participation rate

92.3%

82.0%+10.3pp

78.6%+13.7pp

80.3%+12.0pp

Annual return

5.14%

100.44%-95.3pp

70.17%-65.0pp

551.85%-546.7pp

Employer contribution / active EE

$1,349

$5,283-74.5%

$4,347-69.0%

$4,662-71.1%

Participant deferral / active EE

$9,735

$6,964+39.8%

$6,035+61.3%

$6,690+45.5%

Admin fee / account holder

$144,002

$16,658+764.4%

$12,695+1034.3%

$13,392+975.3%

AMERICAN BRIGHT OPTOELECTRONICS CORP. 401(K) SAFE HARBOR PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN BRIGHT OPTOELECTRONICS CORP. 401(K) SAFE HARBOR PROFIT SHARING 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