Retirement plan

ACME INDUSTRIAL 401(K) SALARY REDUCTION PLAN AND TRUST

Name: ACME INDUSTRIAL COMPANY - ACME INDUSTRIAL 401(K) SALARY REDUCTION PLAN AND TRUST (2022) Form 5500
Creator: ACME INDUSTRIAL COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACME INDUSTRIAL 401(K) SALARY REDUCTION PLAN AND TRUST, ACME INDUSTRIAL COMPANY

ACME INDUSTRIAL COMPANYEIN 36-0702460Plan #002PY 2022

441 MAPLE AVE - CARPENTERSVILLE, IL 601101939847-428-3911acmeindustrial.comLinkedIn51-200 employeesmachinery

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$3M

-19.7% from 2021

Total participants

118

-4.1% from 2021

Average account balance

$26,316

-14.8% from 2021

Annual return

-13.54%

-25.02 pp from 2021

Benchmarks

See 14,491 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,491 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.56M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

138

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.

98.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$344K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$245

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC6 years Filed as: GLOBAL RETIREMENT PARTNERS Service code 26 · EIN 47-1411118	Advisory (Participants)	$10,631
JOHN HANCOCK LIFE INSURANCE COMPANY6 years Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346	Recordkeeping	$2,016

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$33K

$350 / participant

Investment mgmt$11K32.3%
Contract admin$16K50.0%
Other / not subdivided$6K17.7%

% of EOY assets

1.087%

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: LEGACY PROFESSIONALS LLP
Auditor EIN: 320043599
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,316

$71,873-63.4%

$86,698-69.6%

$68,490-61.6%

Participation rate

96.8%

72.2%+24.6pp

76.6%+20.2pp

67.9%+28.9pp

Annual return

-13.54%

3.54%-17.1pp

35.96%-49.5pp

-7.85%-5.7pp

Employer contribution / active EE

$550

$2,173-74.7%

$2,837-80.6%

$2,597-78.8%

Participant deferral / active EE

$2,439

$3,779-35.5%

$4,656-47.6%

$4,028-39.4%

Admin fee / account holder

$286

$6,110-95.3%

$7,492-96.2%

$5,403-94.7%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC6 years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 26 · EIN 47-1411118

Advisory (Participants)

$10,631

JOHN HANCOCK LIFE INSURANCE COMPANY6 years

Filed as: JOHN HANCOCK LIFE INSURANCE CO

Service code 15 · EIN 01-0233346

Recordkeeping

$2,016

ACME INDUSTRIAL 401(K) SALARY REDUCTION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACME INDUSTRIAL 401(K) SALARY REDUCTION PLAN AND 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