Retirement plan

THE PIPE LINE DEVELOPMENT COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST

Name: THE PIPE LINE DEVELOPMENT COMPANY - THE PIPE LINE DEVELOPMENT COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: THE PIPE LINE DEVELOPMENT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PIPE LINE DEVELOPMENT COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST, THE PIPE LINE DEVELOPMENT COMPANY

THE PIPE LINE DEVELOPMENT COMPANYEIN 34-0805493Plan #002PY 2024

11792 ALAMEDA - STRONGSVILLE, OH 44149440-871-5700LinkedIn11-50 employeesmachinery

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$26.5M

+19.2% from 2023

Total participants

146

+3.5% from 2023

Average account balance

$186,812

+15.0% from 2023

Annual return

13.96%

-4.57 pp from 2023

Benchmarks

See 4,099 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,099 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.53M

Not enough data

1 years with asset history on file

Average account balance

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

$187K

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.

142

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+13.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$212

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
HPM PARTNERS4 years Filed as: HPM PARTNERS LLC Service code 27 PO BOX 78000 · DETROIT, MI 48178	Advisory (Plan)	$28,241
DEFINITI LLC1 year Filed as: DEFINITI, LLC Service code 17 2201 TIMBERLOCH PLACE · WOODLANDS, TX 77380	Pension Consulting	$3,675
ASCENSUS LLC4 years Service code 15 · EIN 11-3665754	Recordkeeping	$2,328

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$30K

$281 / participant

Recordkeeping$30K100.0%

% of EOY assets

0.113%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$186,812

$79,223+135.8%

$102,460+82.3%

$74,478+150.8%

Participation rate

96.3%

74.8%+21.5pp

76.5%+19.8pp

67.2%+29.0pp

Annual return

13.96%

54.98%-41.0pp

29.47%-15.5pp

1370.56%-1356.6pp

Employer contribution / active EE

$18,477

$2,363+681.9%

$3,025+510.8%

$2,626+603.6%

Participant deferral / active EE

$4,660

$4,417+5.5%

$5,056-7.8%

$4,350+7.1%

Admin fee / account holder

$212

$2,003-89.4%

$9,460-97.8%

$1,946-89.1%

Provider

Service type

Compensation

HPM PARTNERS4 years

Filed as: HPM PARTNERS LLC

Service code 27

PO BOX 78000 · DETROIT, MI 48178

Advisory (Plan)

$28,241

DEFINITI LLC1 year

Filed as: DEFINITI, LLC

Service code 17

2201 TIMBERLOCH PLACE · WOODLANDS, TX 77380

Pension Consulting

$3,675

ASCENSUS LLC4 years

Service code 15 · EIN 11-3665754

Recordkeeping

$2,328

THE PIPE LINE DEVELOPMENT COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE PIPE LINE DEVELOPMENT COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST

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