Retirement plan

JOHNSON WELDED PRODUCTS, INC. 401(K) PROFIT SHARING PLAN

Name: JOHNSON WELDED PRODUCTS, INC. - JOHNSON WELDED PRODUCTS, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: JOHNSON WELDED PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOHNSON WELDED PRODUCTS, INC. 401(K) PROFIT SHARING PLAN, JOHNSON WELDED PRODUCTS, INC.

JOHNSON WELDED PRODUCTS, INC.EIN 34-1045830Plan #001PY 2023

625 SOUTH EDGEWOOD AVE. - URBANA, OH 43078937-652-1242

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$28.3M

+15.6% from 2022

Total participants

366

-17.6% from 2022

Average account balance

$77,435

+40.2% from 2022

Annual return

15.46%

+28.56 pp from 2022

Benchmarks

See 2,423 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,423 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+2.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Top 1 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY8+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 19 · EIN 11-3658445	Securities Custodian	$5,538

Plan features & details

Pension benefit codes2E2F2H2J2K3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

$5K

$17 / participant

Recordkeeping$3K74.3%
Trustee / custodial$1K25.7%

% of EOY assets

0.016%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RL RING & ASSOCIATES LTD
Auditor EIN: 452768877
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,435

$99,168-21.9%

$96,576-19.8%

$74,440+4.0%

Participation rate

100.0%

80.7%+19.3pp

76.0%+24.0pp

70.7%+29.3pp

Annual return

15.46%

22.40%-6.9pp

25.87%-10.4pp

34.37%-18.9pp

Employer contribution / active EE

$3,642

$2,570+41.7%

$2,965+22.8%

$2,638+38.1%

Participant deferral / active EE

$2,747

$4,936-44.3%

$4,851-43.4%

$4,529-39.3%

Admin fee / account holder

$12

$225-94.5%

$8,253-99.8%

$348-96.4%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY8+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 19 · EIN 11-3658445

Securities Custodian

$5,538

JOHNSON WELDED PRODUCTS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JOHNSON WELDED PRODUCTS, INC. 401(K) 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