Retirement plan

PG ENGINEERED CONTROL SOLUTIONS, INC. RETIREMENT SAVINGS PLAN

Name: PG ENGINEERED CONTROL SOLUTIONS, INC. - PG ENGINEERED CONTROL SOLUTIONS, INC. RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: PG ENGINEERED CONTROL SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PG ENGINEERED CONTROL SOLUTIONS, INC. RETIREMENT SAVINGS PLAN, PG ENGINEERED CONTROL SOLUTIONS, INC.

PG ENGINEERED CONTROL SOLUTIONS, INC.EIN 36-4433762Plan #001PY 2023

1715 NORTHROCK COURT - ROCKFORD, IL 611035300815-229-5300pgcontrols.comLinkedIn11-50 employeeselectrical/electronic manufacturing

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.3M

-5.9% from 2022

Total participants

-18.8% from 2022

Average account balance

$114,404

+11.2% from 2022

Annual return

20.42%

+44.45 pp from 2022

Benchmarks

See 22,651 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,651 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.42M

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.

111.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23K

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

+10.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16419

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 codes2E2G2J3D2F

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.
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.)
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

$400K

$44466 / participant

Other / not subdivided$400K100.0%

% of EOY assets

31.801%

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

$114,404

$110,307+3.7%

$96,576+18.5%

$139,456-18.0%

Participation rate

77.8%

78.1%-0.3pp

76.0%+1.8pp

80.3%-2.5pp

Annual return

20.42%

26.40%-6.0pp

25.87%-5.5pp

373.45%-353.0pp

Employer contribution / active EE

$3,619-100.0%

$2,965-100.0%

$4,753-100.0%

Participant deferral / active EE

$4,016

$5,547-27.6%

$4,851-17.2%

$6,711-40.2%

Admin fee / account holder

$36,381

$11,597+213.7%

$8,253+340.8%

$11,407+218.9%

PG ENGINEERED CONTROL SOLUTIONS, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PG ENGINEERED CONTROL SOLUTIONS, INC. 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