Retirement plan

NEO ELECTRIC SUPPLY CO. & LIGHTING CENTER, INC. PROFIT SHARING PLAN

Name: NEO ELECTRIC SUPPLY CO. & LIGHTING CENTER, INC. - NEO ELECTRIC SUPPLY CO. & LIGHTING CENTER, INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: NEO ELECTRIC SUPPLY CO. & LIGHTING CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEO ELECTRIC SUPPLY CO. & LIGHTING CENTER, INC. PROFIT SHARING PLAN, NEO ELECTRIC SUPPLY CO. & LIGHTING CENTER, INC.

NEO ELECTRIC SUPPLY CO. & LIGHTING CENTER, INC.EIN 34-1457088Plan #001PY 2024

P.O. BOX 1018 - CHARDON, OH 44024440-286-6600

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$2.4M

+38.8% from 2023

Total participants

0.0% from 2023

Average account balance

$238,631

+38.8% from 2023

Annual return

27.88%

+1.84 pp from 2023

Benchmarks

See 22,321 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,321 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.39M

Not enough data

1 years with asset history on file

Average account balance

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

$239K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$188K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+27.88%

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

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 codes2E2F2G2J3D

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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$238,631

$111,785+113.5%

$93,669+154.8%

$145,877+63.6%

Participation rate

100.0%

74.2%+25.8pp

68.7%+31.3pp

80.3%+19.7pp

Annual return

27.88%

203.79%-175.9pp

133.59%-105.7pp

551.28%-523.4pp

Employer contribution / active EE

$12,321

$3,096+298.0%

$2,424+408.4%

$4,663+164.2%

Participant deferral / active EE

$6,472

$4,919+31.6%

$4,416+46.6%

$6,691-3.3%

Admin fee / account holder

$10,256-100.0%

$8,291-100.0%

$13,402-100.0%

NEO ELECTRIC SUPPLY CO. & LIGHTING CENTER, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

NEO ELECTRIC SUPPLY CO. & LIGHTING CENTER, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion