Retirement plan

ELASTEC, INC. 401(K) RETIREMENT PLAN

Name: ELASTEC, INC. DBA ELASTEC AMERICAN MARINE - ELASTEC, INC. 401(K) RETIREMENT PLAN (2021) Form 5500
Creator: ELASTEC, INC. DBA ELASTEC AMERICAN MARINE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELASTEC, INC. 401(K) RETIREMENT PLAN, ELASTEC, INC. DBA ELASTEC AMERICAN MARINE

ELASTEC, INC. DBA ELASTEC AMERICAN MARINEEIN 37-1264086Plan #001PY 2021

1309 WEST MAIN - CARMI, IL 62821618-384-2743elastec.comLinkedIn51-200 employeesenvironmental services

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$4M

-3.8% from 2020

Total participants

112

-5.9% from 2020

Average account balance

$44,893

-1.6% from 2020

Annual return

10.02%

-4.48 pp from 2020

Benchmarks

See 14,566 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,566 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.02M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

75.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$446K

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

+16.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3169

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

Top 5 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Filed as: MASS MUTUAL Service code 15 · EIN 04-1590850	Recordkeeping	$2,325
ENVESTNET RETIREMENT SOLUTIONS, LLC3 years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
MESIROW FINANCIAL INVESTMENT MANAGE3 years Filed as: MESIROW FINANCIAL INVESTMENT MGMT Service code 49 · EIN 36-3429599	Other Services	$0
SECURITIES AMERICA INC3 years Service code 27 · EIN 11-2551174	Advisory (Plan)	$0
THE RETIREMENT ADVANTAGE INC5 years Filed as: THE RETIREMENT ADVANTAGE Service code 13 · EIN 39-1816008	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2K

$24 / participant

Contract admin$2K100.0%

% of EOY assets

0.058%

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: HARDING, SHYMANSKI & COMPANY, P.S.C
Auditor EIN: 351346211
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,893

$86,288-48.0%

$111,306-59.7%

$85,851-47.7%

Participation rate

77.1%

73.3%+3.7pp

77.3%-0.2pp

69.3%+7.8pp

Annual return

10.02%

19.99%-10.0pp

54.67%-44.7pp

318.63%-308.6pp

Employer contribution / active EE

$1,249

$2,044-38.9%

$2,732-54.3%

$2,565-51.3%

Participant deferral / active EE

$2,271

$3,641-37.6%

$4,488-49.4%

$3,952-42.5%

Admin fee / account holder

$26

$8,189-99.7%

$7,966-99.7%

$6,261-99.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Filed as: MASS MUTUAL

Service code 15 · EIN 04-1590850

Recordkeeping

$2,325

ENVESTNET RETIREMENT SOLUTIONS, LLC3 years

Service code 27 · EIN 61-1732930

Advisory (Plan)

MESIROW FINANCIAL INVESTMENT MANAGE3 years

Filed as: MESIROW FINANCIAL INVESTMENT MGMT

Service code 49 · EIN 36-3429599

Other Services

SECURITIES AMERICA INC3 years

Service code 27 · EIN 11-2551174

Advisory (Plan)

THE RETIREMENT ADVANTAGE INC5 years

Filed as: THE RETIREMENT ADVANTAGE

Service code 13 · EIN 39-1816008

Contract Administrator

ELASTEC, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELASTEC, INC. 401(K) 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