Retirement plan

AAA SLING & INDUSTRIAL SUPPLY, INC. 401K PROFIT SHARING PLAN

Name: AAA SLING & INDUSTRIAL SUPPLY, INC. - AAA SLING & INDUSTRIAL SUPPLY, INC. 401K PROFIT SHARING PLAN (2024) Form 5500
Creator: AAA SLING & INDUSTRIAL SUPPLY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AAA SLING & INDUSTRIAL SUPPLY, INC. 401K PROFIT SHARING PLAN, AAA SLING & INDUSTRIAL SUPPLY, INC.

AAA SLING & INDUSTRIAL SUPPLY, INC.EIN 38-2660883Plan #001PY 2024

425 36TH STREET, SW - GRAND RAPIDS, MI 495482161616-530-0500LinkedIn11-50 employeeselectrical/electronic manufacturing

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.6M

+15.1% from 2023

Total participants

-3.8% from 2023

Average account balance

$231,971

+19.9% from 2023

Annual return

10.68%

+2.98 pp from 2023

Benchmarks

See 22,959 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,959 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.57M

Not enough data

1 years with asset history on file

Average account balance

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

$232K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$242K

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

+10.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1315

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 codes2E2F2J2T3D

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).
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.

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

$32K

$1315 / participant

Other / not subdivided$32K100.0%

% of EOY assets

0.567%

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

$231,971

$117,895+96.8%

$102,460+126.4%

$145,897+59.0%

Participation rate

95.8%

78.6%+17.2pp

76.5%+19.3pp

80.3%+15.5pp

Annual return

10.68%

31.92%-21.2pp

29.47%-18.8pp

552.29%-541.6pp

Employer contribution / active EE

$3,333

$3,619-7.9%

$3,025+10.2%

$4,663-28.5%

Participant deferral / active EE

$6,769

$5,736+18.0%

$5,056+33.9%

$6,689+1.2%

Admin fee / account holder

$1,315

$13,353-90.1%

$9,460-86.1%

$13,390-90.2%

AAA SLING & INDUSTRIAL SUPPLY, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AAA SLING & INDUSTRIAL SUPPLY, INC. 401K PROFIT SHARING 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