Retirement plan

FORGINGS & STAMPINGS, INC. NON-BARGAINING UNIT 401(K) PROFIT SHARING PLAN

Name: FORGINGS AND STAMPINGS, INC. - FORGINGS & STAMPINGS, INC. NON-BARGAINING UNIT 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: FORGINGS AND STAMPINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FORGINGS & STAMPINGS, INC. NON-BARGAINING UNIT 401(K) PROFIT SHARING PLAN, FORGINGS AND STAMPINGS, INC.

FORGINGS AND STAMPINGS, INC.EIN 36-1090010Plan #003PY 2024

1025 23RD AVENUE - ROCKFORD, IL 61104815-962-5597forgingsandstampings.comLinkedIn11-50 employees

Other plans on this EIN

1 filing

#004Retirement-$329K assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$6.5M

+34.9% from 2023

Total participants

-3.8% from 2023

Average account balance

$281,073

+34.9% from 2023

Annual return

32.27%

+21.93 pp from 2023

Benchmarks

See 23,012 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort23,012 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.46M

Not enough data

1 years with asset history on file

Average account balance

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

$299K

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.

108.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$207K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3349

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

2 tripped

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

$83K

$3783 / participant

Other / not subdivided$83K100.0%

% of EOY assets

1.287%

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

$281,073

$117,829+138.5%

$102,423+174.4%

$145,877+92.7%

Participation rate

90.9%

78.6%+12.3pp

76.5%+14.4pp

80.3%+10.6pp

Annual return

32.27%

31.83%+0.4pp

29.42%+2.9pp

551.28%-519.0pp

Employer contribution / active EE

$3,376

$3,615-6.6%

$3,023+11.7%

$4,663-27.6%

Participant deferral / active EE

$5,409

$5,732-5.6%

$5,054+7.0%

$6,691-19.2%

Admin fee / account holder

$3,619

$13,335-72.9%

$9,455-61.7%

$13,402-73.0%

FORGINGS & STAMPINGS, INC. NON-BARGAINING UNIT 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FORGINGS & STAMPINGS, INC. NON-BARGAINING UNIT 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