Retirement plan

ADVANCE EQUIPMENT MANUFACTURING COMPANY 401(K) RETIREMENT SAVINGS PLAN

Name: ADVANCE EQUIPMENT MANUFACTURING COMPANY - ADVANCE EQUIPMENT MANUFACTURING COMPANY 401(K) RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: ADVANCE EQUIPMENT MANUFACTURING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADVANCE EQUIPMENT MANUFACTURING COMPANY 401(K) RETIREMENT SAVINGS PLAN, ADVANCE EQUIPMENT MANUFACTURING COMPANY

ADVANCE EQUIPMENT MANUFACTURING COMPANYEIN 36-0707880Plan #002PY 2021

4615 WEST CHICAGO AVE. - CHICAGO, IL 60651773-287-8220advance-equipment.comLinkedIn11-50 employees

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$2.9M

+20.9% from 2020

Total participants

0.0% from 2020

Average account balance

$194,108

+20.9% from 2020

Annual return

16.86%

+5.34 pp from 2020

Benchmarks

See 37,602 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort37,602 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.98M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

110.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$123K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14964

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 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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$619

$48 / participant

Other / not subdivided$619100.0%

% of EOY assets

0.021%

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

$194,108

$109,905+76.6%

$98,506+97.1%

$167,553+15.8%

Participation rate

92.3%

75.8%+16.5pp

73.3%+19.0pp

82.1%+10.2pp

Annual return

16.86%

1960.20%-1943.3pp

1494.92%-1478.1pp

478.89%-462.0pp

Employer contribution / active EE

$2,125

$3,226-34.1%

$2,961-28.2%

$4,840-56.1%

Participant deferral / active EE

$5,357

$4,674+14.6%

$4,277+25.2%

$6,343-15.5%

Admin fee / account holder

$41

$6,760-99.4%

$5,955-99.3%

$12,316-99.7%

ADVANCE EQUIPMENT MANUFACTURING COMPANY 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADVANCE EQUIPMENT MANUFACTURING COMPANY 401(K) RETIREMENT SAVINGS 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