Retirement plan

AMERICAN BEVERAGE EQUIPMENT COMPANY, INC. 401(K) PLAN

Name: AMERICAN BEVERAGE EQUIPMENT COMPANY, INC. - AMERICAN BEVERAGE EQUIPMENT COMPANY, INC. 401(K) PLAN (2024) Form 5500
Creator: AMERICAN BEVERAGE EQUIPMENT COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN BEVERAGE EQUIPMENT COMPANY, INC. 401(K) PLAN, AMERICAN BEVERAGE EQUIPMENT COMPANY, INC.

AMERICAN BEVERAGE EQUIPMENT COMPANY, INC.EIN 38-1717050Plan #004PY 2024

27560 GROESBECK HIGHWAY - ROSEVILLE, MI 480662759586-773-0094

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$820K

+23.3% from 2023

Total participants

+29.4% from 2023

Average account balance

$37,270

-4.7% from 2023

Annual return

11.13%

+6.30 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

$820K

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

146.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$86K

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

+11.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$259

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$6K

$380 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.695%

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

$37,270

$117,829-68.4%

$102,423-63.6%

$145,877-74.5%

Participation rate

100.0%

78.6%+21.4pp

76.5%+23.5pp

80.3%+19.7pp

Annual return

11.13%

31.83%-20.7pp

29.42%-18.3pp

551.28%-540.2pp

Employer contribution / active EE

$1,416

$3,615-60.8%

$3,023-53.1%

$4,663-69.6%

Participant deferral / active EE

$4,291

$5,732-25.1%

$5,054-15.1%

$6,691-35.9%

Admin fee / account holder

$259

$13,335-98.1%

$9,455-97.3%

$13,402-98.1%

AMERICAN BEVERAGE EQUIPMENT COMPANY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN BEVERAGE EQUIPMENT COMPANY, INC. 401(K) 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