Retirement plan

SAELENS CORPORATION 401(K) SAVINGS PLAN

Name: SAELENS CORPORATION - SAELENS CORPORATION 401(K) SAVINGS PLAN (2023) Form 5500
Creator: SAELENS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAELENS CORPORATION 401(K) SAVINGS PLAN, SAELENS CORPORATION

SAELENS CORPORATIONEIN 39-1205830Plan #004PY 2023

100 VETERANS DRIVE PO BOX 499 - JOHNSON CREEK, WI 53038262-832-7105diamondprecision.comLinkedIn11-50 employeesmachinery

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$7.7M

+1.7% from 2022

Total participants

259

-11.3% from 2022

Average account balance

$41,863

+31.9% from 2022

Annual return

15.66%

+30.64 pp from 2022

Benchmarks

See 5,703 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.93M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

173

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.

51.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$629K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$322

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 3 by compensation

Provider	Service type	Compensation
PRIVATE ADVISOR GROUP LLC4 years Service code 27 65 MADISON AVE STE 300 · MORRISTOWN, NJ 07960	Advisory (Plan)	$26,091
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$16,475
WIPFLI LLP2 years Service code 10 11 SCOTT STREET · WAUSAU, WI 54403	Accounting	$9,300

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$52K

$291 / participant

Contract admin$52K100.0%

% of EOY assets

0.670%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WIPFLI
Auditor EIN: 390758449
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,863

$61,391-31.8%

$149,723-72.0%

$71,529-41.5%

Participation rate

58.4%

62.5%-4.1pp

78.8%-20.4pp

67.9%-9.5pp

Annual return

15.66%

35.88%-20.2pp

134.50%-118.8pp

28.97%-13.3pp

Employer contribution / active EE

$247

$2,384-89.6%

$4,821-94.9%

$2,590-90.5%

Participant deferral / active EE

$3,050

$2,921+4.4%

$5,682-46.3%

$4,291-28.9%

Admin fee / account holder

$280

$1,264-77.8%

$13,215-97.9%

$1,588-82.4%

Provider

Service type

Compensation

PRIVATE ADVISOR GROUP LLC4 years

Service code 27

65 MADISON AVE STE 300 · MORRISTOWN, NJ 07960

Advisory (Plan)

$26,091

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$16,475

WIPFLI LLP2 years

Service code 10

11 SCOTT STREET · WAUSAU, WI 54403

Accounting

$9,300

SAELENS CORPORATION 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAELENS CORPORATION 401(K) SAVINGS 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