Retirement plan

ENGINEERING SPECIALISTS, INC. 401(K) SAVINGS PLAN

Name: ENGINEERING SPECIALISTS, INC. - ENGINEERING SPECIALISTS, INC. 401(K) SAVINGS PLAN (2024) Form 5500
Creator: ENGINEERING SPECIALISTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENGINEERING SPECIALISTS, INC. 401(K) SAVINGS PLAN, ENGINEERING SPECIALISTS, INC.

ENGINEERING SPECIALISTS, INC.EIN 39-1208480Plan #001PY 2024

21360 GATEWAY COURT - BROOKFIELD, WI 53045262-783-8000engspec.comLinkedIn51-200 employeesindustrial automation

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$16.5M

+18.6% from 2023

Total participants

175

-4.9% from 2023

Average account balance

$100,930

+30.2% from 2023

Annual return

16.62%

+0.18 pp from 2023

Benchmarks

See 6,285 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,285 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.45M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

163

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.

90.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+16.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$402

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
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGANSTANLEY SMITHBARNEY LLC Service code 26 · EIN 20-8764829	Advisory (Participants)	$37,300
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	$26,897

Plan features & details

Pension benefit codes2F2G2J2K2T2E3D

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.
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

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

$65K

$520 / participant

Recordkeeping$27K41.1%
Investment mgmt$37K57.0%
Other / not subdivided$1K1.9%

% of EOY assets

0.398%

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: REILLY, PENNER & BENTON LLP
Auditor EIN: 390747409
Audit fees: $1,268
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,930

$101,591-0.7%

$147,096-31.4%

$74,429+35.6%

Participation rate

90.5%

75.5%+14.9pp

82.2%+8.3pp

67.2%+23.3pp

Annual return

16.62%

8746.45%-8729.8pp

419.75%-403.1pp

1368.38%-1351.8pp

Employer contribution / active EE

$2,682

$3,813-29.7%

$4,936-45.7%

$2,625+2.2%

Participant deferral / active EE

$8,645

$7,302+18.4%

$8,071+7.1%

$4,348+98.8%

Admin fee / account holder

$402

$1,750-77.1%

$13,005-96.9%

$1,944-79.3%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGANSTANLEY SMITHBARNEY LLC

Service code 26 · EIN 20-8764829

Advisory (Participants)

$37,300

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

$26,897

ENGINEERING SPECIALISTS, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENGINEERING SPECIALISTS, INC. 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