Retirement plan

ACE METAL CRAFTS CO 401(K) PROFIT SHARING & RETIREMENT PLAN

Name: ACE METAL CRAFTS CO. - ACE METAL CRAFTS CO 401(K) PROFIT SHARING & RETIREMENT PLAN (2024) Form 5500
Creator: ACE METAL CRAFTS CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACE METAL CRAFTS CO 401(K) PROFIT SHARING & RETIREMENT PLAN, ACE METAL CRAFTS CO.

ACE METAL CRAFTS CO.EIN 36-3197961Plan #001PY 2024

484 THOMAS DRIVE - BENSENVILLE, IL 60106847-455-1010acemetal.comLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$9.8M

+14.3% from 2023

Total participants

144

-5.3% from 2023

Average account balance

$92,685

+24.0% from 2023

Annual return

13.61%

+0.74 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.82M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

106

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.

68.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$487K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$229

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 4 by compensation

Provider	Service type	Compensation
ACE TELEPHONE ASSOCIATION1 year Filed as: ACE METAL CRAFTS CO Service code 99 484 THOMAS DR · BENSENVILLE, IL 60106	Other Fees	$7,500
CDH PC1 year Filed as: CDH CPA, PLLC Service code 10 100 PIERCE RD STE 100 · ITASCA, IL 60143	Accounting	$7,500
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,576
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3B

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$24K

$202 / participant

Investment mgmt$9K38.1%
Other / not subdivided$15K61.9%

% of EOY assets

0.247%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CDH CPA, PLLC
Auditor EIN: 991528977
Audit fees: $15,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,685

$79,209+17.0%

$102,434-9.5%

$74,459+24.5%

Participation rate

68.3%

74.8%-6.4pp

76.5%-8.2pp

67.2%+1.1pp

Annual return

13.61%

54.98%-41.4pp

29.46%-15.8pp

1369.70%-1356.1pp

Employer contribution / active EE

$300

$2,362-87.3%

$3,023-90.1%

$2,626-88.6%

Participant deferral / active EE

$3,757

$4,417-15.0%

$5,055-25.7%

$4,350-13.6%

Admin fee / account holder

$229

$2,002-88.6%

$9,462-97.6%

$1,945-88.2%

Provider

Service type

Compensation

ACE TELEPHONE ASSOCIATION1 year

Filed as: ACE METAL CRAFTS CO

Service code 99

484 THOMAS DR · BENSENVILLE, IL 60106

Other Fees

$7,500

CDH PC1 year

Filed as: CDH CPA, PLLC

Service code 10

100 PIERCE RD STE 100 · ITASCA, IL 60143

Accounting

$7,500

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,576

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

ACE METAL CRAFTS CO 401(K) PROFIT SHARING & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACE METAL CRAFTS CO 401(K) PROFIT SHARING & RETIREMENT 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