Retirement plan

ITU ABSORBTECH RETIREMENT PLAN

Name: ITU ABSORBTECH, INC - ITU ABSORBTECH RETIREMENT PLAN (2024) Form 5500
Creator: ITU ABSORBTECH, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ITU ABSORBTECH RETIREMENT PLAN, ITU ABSORBTECH, INC

ITU ABSORBTECH, INCEIN 39-0367080Plan #007PY 2024

2700 SOUTH 160TH STREET - NEW BERLIN, WI 53151262-782-1950ituabsorbtech.comLinkedIn201-500 employeesenvironmental services

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed March 18, 2022

Plan administrator

Plan administrator name— Sign in and upgrade to view

2700 S. 160th Street

New Berlin, WI 53029

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Plans declared (1)

ITU Absorbtech, Inc. Deferred Compensation Plan4 emp

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Total assets (EOY)

$49.3M

+13.8% from 2023

Total participants

565

-1.9% from 2023

Average account balance

$114,666

+16.7% from 2023

Annual return

12.86%

-3.63 pp from 2023

Benchmarks

See 1,034 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,034 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$49.31M

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

430

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.

71.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$29

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC5 years Filed as: KESTRA INVESTMENT SERVICES, LLC Service code 99 · EIN 74-2794194	Other Fees	$70,674
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491	Advisory (Participants)	$8,544

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$13K

$27 / participant

Investment mgmt$9K68.1%
Contract admin$4K28.1%
Other / not subdivided$4763.8%

% of EOY assets

0.026%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$114,666

$66,004+73.7%

$81,820+40.1%

$77,714+47.5%

Participation rate

71.2%

65.8%+5.4pp

72.4%-1.2pp

70.6%+0.6pp

Annual return

12.86%

26.65%-13.8pp

777.93%-765.1pp

31.26%-18.4pp

Employer contribution / active EE

$1,258

$2,375-47.0%

$2,915-56.8%

$2,727-53.9%

Participant deferral / active EE

$4,040

$3,508+15.2%

$4,323-6.5%

$4,649-13.1%

Admin fee / account holder

$29

$527-94.4%

$7,391-99.6%

$433-93.2%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC5 years

Filed as: KESTRA INVESTMENT SERVICES, LLC

Service code 99 · EIN 74-2794194

Other Fees

$70,674

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26 · EIN 02-0488491

Advisory (Participants)

$8,544

ITU ABSORBTECH RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ITU ABSORBTECH RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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