Retirement plan

ACS TECHNICAL PRODUCTS, INC. PROFIT SHARING PLAN FOR NON UNION EMPLOYEES

Name: ACS TECHNICAL PRODUCTS, INC. - ACS TECHNICAL PRODUCTS, INC. PROFIT SHARING PLAN FOR NON UNION EMPLOYEES (2022) Form 5500
Creator: ACS TECHNICAL PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACS TECHNICAL PRODUCTS, INC. PROFIT SHARING PLAN FOR NON UNION EMPLOYEES, ACS TECHNICAL PRODUCTS, INC.

ACS TECHNICAL PRODUCTS, INC.EIN 35-0961723Plan #002PY 2022

P.O. BOX 190 - GRIFFITH, IN 46319219-924-4370acs-chem.comLinkedIn11-50 employeeschemicals

Other plans on this EIN

1 filing

#001Retirement-$894K assets

Prospect flagsHigh feesHigh assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$7.6M

-14.3% from 2021

Total participants

+7.1% from 2021

Average account balance

$540,986

-14.3% from 2021

Annual return

-12.96%

-30.34 pp from 2021

Benchmarks

See 8,667 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,667 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.33M

Not enough data

1 years with asset history on file

Average account balance

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

$608K

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.

89.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$551K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+10.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5161

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 codes2E2F2G2T3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$574K

$41011 / participant

Other / not subdivided$574K100.0%

% of EOY assets

7.581%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$540,986

$105,867+411.0%

$90,760+496.1%

$134,532+302.1%

Participation rate

92.9%

78.3%+14.6pp

75.7%+17.2pp

81.2%+11.6pp

Annual return

-12.96%

-10.99%-2.0pp

-12.16%-0.8pp

418.27%-431.2pp

Employer contribution / active EE

$32,398

$3,464+835.4%

$2,922+1008.9%

$4,741+583.3%

Participant deferral / active EE

$5,217-100.0%

$4,565-100.0%

$6,401-100.0%

Admin fee / account holder

$41,011

$13,936+194.3%

$8,444+385.7%

$11,429+258.8%

ACS TECHNICAL PRODUCTS, INC. PROFIT SHARING PLAN FOR NON UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACS TECHNICAL PRODUCTS, INC. PROFIT SHARING PLAN FOR NON UNION EMPLOYEES

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