Retirement plan

AIROLDI BROTHERS, INC. 401(K) PROFIT SHARING PLAN

Name: AIROLDI BROTHERS, INC. - AIROLDI BROTHERS, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: AIROLDI BROTHERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AIROLDI BROTHERS, INC. 401(K) PROFIT SHARING PLAN, AIROLDI BROTHERS, INC.

AIROLDI BROTHERS, INC.EIN 39-0834611Plan #001PY 2023

6930 S. 6TH STREET - OAK CREEK, WI 53154414-856-0508airoldibrothers.comLinkedIn201-500 employeestransportation/trucking/railroad

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7.5M

+36.2% from 2022

Total participants

373

+38.1% from 2022

Average account balance

$33,359

+26.6% from 2022

Annual return

15.57%

+30.47 pp from 2022

Benchmarks

See 665 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort665 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$12.54M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

210

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.

50.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.83M

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

+14.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$360

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP4 years Service code 12 · EIN 93-1253576	Claims processing; Custodial (other t...	$25,021
NORTHWESTERN MUTUAL INVESTMENT SERV4 years Filed as: NORTHWESTERN MUTUAL WEALTH MANAGEME Service code 27 · EIN 39-2018056	Advisory (Plan)	$21,658

Plan features & details

Pension benefit codes2A2E2J2F2G3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$47K

$143 / participant

Investment mgmt$22K46.4%
Contract admin$25K53.6%

% of EOY assets

0.619%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: SIKICH CPA LLC
Auditor EIN: 541172176
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,359

$49,693-32.9%

$70,515-52.7%

$74,419-55.2%

Participation rate

54.9%

64.7%-9.7pp

68.3%-13.4pp

70.7%-15.8pp

Annual return

15.57%

21.22%-5.6pp

32.77%-17.2pp

34.38%-18.8pp

Employer contribution / active EE

$1,417

$1,773-20.1%

$2,973-52.3%

$2,637-46.3%

Participant deferral / active EE

$3,275

$3,376-3.0%

$4,567-28.3%

$4,528-27.7%

Admin fee / account holder

$207

$316-34.6%

$6,412-96.8%

$348-40.6%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP4 years

Service code 12 · EIN 93-1253576

Claims processing; Custodial (other t...

$25,021

NORTHWESTERN MUTUAL INVESTMENT SERV4 years

Filed as: NORTHWESTERN MUTUAL WEALTH MANAGEME

Service code 27 · EIN 39-2018056

Advisory (Plan)

$21,658

AIROLDI BROTHERS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AIROLDI BROTHERS, INC. 401(K) 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