Retirement plan

AMERICAN AD BAG PROFIT SHARING 401(K) PLAN AND TRUST

Name: AMERICAN AD BAG - AMERICAN AD BAG PROFIT SHARING 401(K) PLAN AND TRUST (2024) Form 5500
Creator: AMERICAN AD BAG
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN AD BAG PROFIT SHARING 401(K) PLAN AND TRUST, AMERICAN AD BAG

AMERICAN AD BAGEIN 36-3849738Plan #001PY 2024

4953 WEST MISSOURI - GLENDALE, AZ 85301623-931-1386hotcoldbags.comLinkedIn1-10 employeesconsumer goods

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$13.7M

+18.9% from 2023

Total participants

110

-0.9% from 2023

Average account balance

$125,331

+21.1% from 2023

Annual return

20.15%

-7.64 pp from 2023

Benchmarks

See 5,399 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,399 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.66M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

109

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$518K

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

+20.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$602

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
STRATEGIES WEALTH ADVISORS5 years Service code 26 · EIN 46-1428191	Advisory (Participants)	$31,139
JOHN HANCOCK LIFE INSURANCE COMPANY9 years Service code 15 · EIN 01-0233346	Recordkeeping	$0

Plan features & details

Pension benefit codes2A2E2F2G2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$66K

$762 / participant

Other trustee fees$66K100.0%

% of EOY assets

0.480%

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: CJBS, LLC
Auditor EIN: 363524803
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$125,331

$87,106+43.9%

$105,607+18.7%

$80,935+54.9%

Participation rate

98.8%

70.4%+28.4pp

75.3%+23.6pp

67.7%+31.2pp

Annual return

20.15%

17.01%+3.1pp

116.11%-96.0pp

35.66%-15.5pp

Employer contribution / active EE

$3,910

$2,396+63.2%

$3,167+23.5%

$2,757+41.8%

Participant deferral / active EE

$2,109

$3,986-47.1%

$5,011-57.9%

$4,299-51.0%

Admin fee / account holder

$602

$8,447-92.9%

$10,958-94.5%

$6,924-91.3%

Provider

Service type

Compensation

STRATEGIES WEALTH ADVISORS5 years

Service code 26 · EIN 46-1428191

Advisory (Participants)

$31,139

JOHN HANCOCK LIFE INSURANCE COMPANY9 years

Service code 15 · EIN 01-0233346

Recordkeeping

AMERICAN AD BAG PROFIT SHARING 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN AD BAG PROFIT SHARING 401(K) 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