Retirement plan

ATMOSPHERE GROUP, INC. TAX DEFERRED PLAN

Name: ATMOSPHERE GROUP, INC. - ATMOSPHERE GROUP, INC. TAX DEFERRED PLAN (2024) Form 5500
Creator: ATMOSPHERE GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ATMOSPHERE GROUP, INC. TAX DEFERRED PLAN, ATMOSPHERE GROUP, INC.

ATMOSPHERE GROUP, INC.EIN 38-2209712Plan #001PY 2024

49630 PONTIAC TRAIL - WIXOM, MI 48393248-668-4018LinkedIn51-200 employeesmachinery

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$18.6M

+8.1% from 2023

Total participants

171

+3.0% from 2023

Average account balance

$113,390

+4.1% from 2023

Annual return

15.87%

-0.99 pp from 2023

Benchmarks

See 277 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants100-249

Cohort277 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.60M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

164

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.

94.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+15.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$454

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
GREGORY J SCHWARTZ & COMPANY INC10+ years Filed as: GREGORY J. SCHWARTZ & CO., INC. Service code 27 3707 W MAPLE RD. STE 201 · BLOOMFIELD HILLS, MI 483013212	Advisory (Plan)	$44,855
NEWPORT GROUP, INC.9 years Service code 15 · EIN 27-2037969	Recordkeeping	$29,599

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$74K

$568 / participant

Recordkeeping$4K5.5%
Investment mgmt$45K60.2%
Contract admin$25K34.2%

% of EOY assets

0.400%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BENNETT THRASHER LLP
Auditor EIN: 581673613
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,390

$89,225+27.1%

$133,698-15.2%

$74,478+52.2%

Participation rate

94.7%

69.4%+25.2pp

76.4%+18.2pp

67.2%+27.4pp

Annual return

15.87%

22.76%-6.9pp

580.90%-565.0pp

1370.56%-1354.7pp

Employer contribution / active EE

$3,299

$2,816+17.2%

$4,218-21.8%

$2,626+25.6%

Participant deferral / active EE

$8,874

$4,597+93.0%

$7,016+26.5%

$4,350+104.0%

Admin fee / account holder

$454

$1,545-70.6%

$6,703-93.2%

$1,946-76.7%

Provider

Service type

Compensation

GREGORY J SCHWARTZ & COMPANY INC10+ years

Filed as: GREGORY J. SCHWARTZ & CO., INC.

Service code 27

3707 W MAPLE RD. STE 201 · BLOOMFIELD HILLS, MI 483013212

Advisory (Plan)

$44,855

NEWPORT GROUP, INC.9 years

Service code 15 · EIN 27-2037969

Recordkeeping

$29,599

ATMOSPHERE GROUP, INC. TAX DEFERRED PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ATMOSPHERE GROUP, INC. TAX DEFERRED 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