Retirement plan

THALNER ELECTRONIC LABORATORIES, INC. EMPLOYEES STOCK OWNERSHIP PLAN

Name: THALNER ELECTRONIC LABORATORIES, INC. - THALNER ELECTRONIC LABORATORIES, INC. EMPLOYEES STOCK OWNERSHIP PLAN (2023) Form 5500
Creator: THALNER ELECTRONIC LABORATORIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THALNER ELECTRONIC LABORATORIES, INC. EMPLOYEES STOCK OWNERSHIP PLAN, THALNER ELECTRONIC LABORATORIES, INC.

THALNER ELECTRONIC LABORATORIES, INC.EIN 38-1794617Plan #002PY 2023

7235 JACKSON ROAD - ANN ARBOR, MI 48103734-761-4506LinkedIn11-50 employeeselectrical/electronic manufacturing

Other plans on this EIN

1 filing

#003Retirement-$3.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.5M

+32.1% from 2022

Total participants

-11.5% from 2022

Average account balance

$63,634

+49.3% from 2022

Annual return

32.08%

-8.71 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

$750K

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

94.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$183K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

-48.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8327

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 codes2E2I2O2Q3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
2I
Stock bonus
Stock bonus plan.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

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

$96K

$6018 / participant

Other / not subdivided$96K100.0%

% of EOY assets

6.579%

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

$63,634

$110,307-42.3%

$96,576-34.1%

$139,456-54.4%

Participation rate

100.0%

78.1%+21.9pp

76.0%+24.0pp

80.3%+19.7pp

Annual return

32.08%

26.40%+5.7pp

25.87%+6.2pp

373.45%-341.4pp

Employer contribution / active EE

$6,018

$3,619+66.3%

$2,965+103.0%

$4,753+26.6%

Participant deferral / active EE

$5,547-100.0%

$4,851-100.0%

$6,711-100.0%

Admin fee / account holder

$4,187

$11,597-63.9%

$8,253-49.3%

$11,407-63.3%

THALNER ELECTRONIC LABORATORIES, INC. EMPLOYEES STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THALNER ELECTRONIC LABORATORIES, INC. EMPLOYEES STOCK OWNERSHIP 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