Retirement plan

NORTHEAST FILTER & EQUIPMENT CO. 401(K) PROFIT SHARING PLAN

Name: NORTHEAST FILTER & EQUIPMENT CO. - NORTHEAST FILTER & EQUIPMENT CO. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: NORTHEAST FILTER & EQUIPMENT CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHEAST FILTER & EQUIPMENT CO. 401(K) PROFIT SHARING PLAN, NORTHEAST FILTER & EQUIPMENT CO.

NORTHEAST FILTER & EQUIPMENT CO.EIN 34-1485635Plan #001PY 2023

135 PARKER COURT - CHARDON, OH 44024440-285-3790nefilter.comLinkedIn1-10 employees

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$1.5M

+13.7% from 2022

Total participants

+25.0% from 2022

Average account balance

$126,129

+13.7% from 2022

Annual return

8.70%

+18.13 pp from 2022

Benchmarks

See 23,824 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,824 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.94M

Not enough data

1 years with asset history on file

Average account balance

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

$138K

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

$69K

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

+11.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$573

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 codes2E2J2G2T3D2F

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

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

$126,129

$154,159-18.2%

$130,026-3.0%

$139,456-9.6%

Participation rate

76.9%

82.0%-5.0pp

78.5%-1.6pp

80.3%-3.4pp

Annual return

8.70%

32.50%-23.8pp

-137.26%+146.0pp

373.45%-364.7pp

Employer contribution / active EE

$1,887

$5,292-64.3%

$4,321-56.3%

$4,753-60.3%

Participant deferral / active EE

$3,197

$6,710-52.4%

$5,821-45.1%

$6,711-52.4%

Admin fee / account holder

$14,001-100.0%

$10,608-100.0%

$11,407-100.0%

NORTHEAST FILTER & EQUIPMENT CO. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

NORTHEAST FILTER & EQUIPMENT CO. 401(K) 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