Retirement plan

ANGOLA WIRE PRODUCTS, INC. 401(K) PROFIT SHARING PLAN

Name: ANGOLA WIRE PRODUCTS, INC. - ANGOLA WIRE PRODUCTS, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: ANGOLA WIRE PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANGOLA WIRE PRODUCTS, INC. 401(K) PROFIT SHARING PLAN, ANGOLA WIRE PRODUCTS, INC.

ANGOLA WIRE PRODUCTS, INC.EIN 35-1537695Plan #003PY 2023

803 WOHLERT STREET - ANGOLA, IN 467031030260-665-9447angolawire.comLinkedIn51-200 employeesmining & metals

Other plans on this EIN

1 filing

#001Retirement-$2.8M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$8.6M

+14.3% from 2022

Total participants

173

+8.8% from 2022

Average account balance

$59,089

+19.8% from 2022

Annual return

14.20%

+25.06 pp from 2022

Benchmarks

See 4,137 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,137 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.03M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

153

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.

81.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$662K

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

+21.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$212

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
PENSIONMARK FINANCIAL GROUP LLC9+ years Filed as: PENSIONMARK RETIREMENT GROUP Service code 26 2829 EAST DUPONT ROAD · FORT WAYNE, IN 46825	Advisory (Participants)	$19,503
NYHART9+ years Service code 15 · EIN 35-0966414	Recordkeeping	$2,655

Plan features & details

Pension benefit codes2E2F2J2T3D

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).
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$26K

$190 / participant

Recordkeeping$3K10.1%
Investment mgmt$20K74.3%
Other / not subdivided$4K15.5%

% of EOY assets

0.306%

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: BADEN GAGE & SCHROEDER LLC
Auditor EIN: 351939627
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,089

$76,112-22.4%

$96,534-38.8%

$71,511-17.4%

Participation rate

79.7%

74.4%+5.3pp

76.0%+3.7pp

67.9%+11.8pp

Annual return

14.20%

22.81%-8.6pp

25.88%-11.7pp

28.86%-14.7pp

Employer contribution / active EE

$1,706

$2,248-24.1%

$2,965-42.5%

$2,589-34.1%

Participant deferral / active EE

$2,925

$4,217-30.6%

$4,851-39.7%

$4,291-31.8%

Admin fee / account holder

$181

$2,708-93.3%

$8,253-97.8%

$1,588-88.6%

Provider

Service type

Compensation

PENSIONMARK FINANCIAL GROUP LLC9+ years

Filed as: PENSIONMARK RETIREMENT GROUP

Service code 26

2829 EAST DUPONT ROAD · FORT WAYNE, IN 46825

Advisory (Participants)

$19,503

NYHART9+ years

Service code 15 · EIN 35-0966414

Recordkeeping

$2,655

ANGOLA WIRE PRODUCTS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANGOLA WIRE PRODUCTS, INC. 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