Retirement plan

PIERCETON EQUIPMENT CO., INC. PROFIT SHARING SAVINGS PLAN & TRUST

Name: PIERCETON EQUIPMENT CO., INC. - PIERCETON EQUIPMENT CO., INC. PROFIT SHARING SAVINGS PLAN & TRUST (2022) Form 5500
Creator: PIERCETON EQUIPMENT CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PIERCETON EQUIPMENT CO., INC. PROFIT SHARING SAVINGS PLAN & TRUST, PIERCETON EQUIPMENT CO., INC.

PIERCETON EQUIPMENT CO., INC.EIN 35-1054036Plan #002PY 2022

895 E. 200 N - WARSAW, IN 465827854574-267-2286

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.3M

-12.0% from 2021

Total participants

0.0% from 2021

Average account balance

$120,490

-12.0% from 2021

Annual return

-9.25%

-24.56 pp from 2021

Benchmarks

See 3,973 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort3,973 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.03M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

127.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$250K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3450

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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

$348K

$12884 / participant

Other / not subdivided$348K100.0%

% of EOY assets

8.020%

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

$120,490

$69,012+74.6%

$160,037-24.7%

$68,490+75.9%

Participation rate

100.0%

65.4%+34.6pp

78.0%+22.0pp

67.9%+32.1pp

Annual return

-9.25%

-9.65%+0.4pp

408.95%-418.2pp

-7.85%-1.4pp

Employer contribution / active EE

$2,472

$2,212+11.7%

$4,226-41.5%

$2,597-4.8%

Participant deferral / active EE

$5,430

$4,212+28.9%

$6,184-12.2%

$4,028+34.8%

Admin fee / account holder

$9,663

$4,798+101.4%

$8,716+10.9%

$5,403+78.8%

PIERCETON EQUIPMENT CO., INC. PROFIT SHARING SAVINGS PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PIERCETON EQUIPMENT CO., INC. PROFIT SHARING SAVINGS PLAN & TRUST

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