Retirement plan

EMI CORPORATION 401(K) PROFIT SHARING PLAN

Name: E.M.I., CORP. - EMI CORPORATION 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: E.M.I., CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMI CORPORATION 401(K) PROFIT SHARING PLAN, E.M.I., CORP.

E.M.I., CORP.EIN 34-1304878Plan #001PY 2024

28300 EUCLID AVE. - WICKLIFFE, OH 44092216-535-4812emiplastics.comLinkedIn51-200 employeesaccounting

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.6M

+14.7% from 2023

Total participants

158

+18.8% from 2023

Average account balance

$92,594

+6.2% from 2023

Annual return

16.33%

-1.63 pp from 2023

Benchmarks

See 4,103 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,103 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.59M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

136

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.

84.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$788K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$385

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 2 by compensation

Provider	Service type	Compensation
MGO ONE SEVEN LLC3 years Service code 27 · EIN 88-2000569	Advisory (Plan)	$29,088
FIDELITY INVESTMENTS INSTITUTIONAL7 years Service code 60 · EIN 04-2647786	Sub-TA Fees	$23,226

Plan features & details

Pension benefit codes2T3H2E2G2F3D2J

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$52K

$363 / participant

Recordkeeping$23K44.4%
Investment mgmt$29K55.6%

% of EOY assets

0.415%

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: MCCRATE DELAET
Auditor EIN: 341205613
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,594

$79,181+16.9%

$102,423-9.6%

$74,429+24.4%

Participation rate

84.7%

74.8%+9.9pp

76.5%+8.2pp

67.2%+17.5pp

Annual return

16.33%

54.97%-38.6pp

29.42%-13.1pp

1368.38%-1352.1pp

Employer contribution / active EE

$1,848

$2,362-21.7%

$3,023-38.9%

$2,625-29.6%

Participant deferral / active EE

$3,626

$4,416-17.9%

$5,054-28.2%

$4,348-16.6%

Admin fee / account holder

$385

$2,002-80.8%

$9,455-95.9%

$1,944-80.2%

Provider

Service type

Compensation

MGO ONE SEVEN LLC3 years

Service code 27 · EIN 88-2000569

Advisory (Plan)

$29,088

FIDELITY INVESTMENTS INSTITUTIONAL7 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$23,226

EMI CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMI CORPORATION 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