Retirement plan

E.K. MACHINE COMPANY, INC. RETIREMENT SAVINGS PLAN

Name: E.K. MACHINE COMPANY, INC. - E.K. MACHINE COMPANY, INC. RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: E.K. MACHINE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, E.K. MACHINE COMPANY, INC. RETIREMENT SAVINGS PLAN, E.K. MACHINE COMPANY, INC.

E.K. MACHINE COMPANY, INC.EIN 39-1221953Plan #001PY 2024

P.O. BOX 57 - FALL RIVER, WI 53932920-484-3700

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed October 15, 2018

Plan administrator

Plan administrator name— Sign in and upgrade to view

671 S. Main Street

Fall River State: WI Zip Code: 53932

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Plans declared (1)

E.K. Machine Co., Inc. Phantom Stock Plan2 emp

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Total assets (EOY)

$14.8M

+28.2% from 2023

Total participants

225

+11.9% from 2023

Average account balance

$70,887

+17.2% from 2023

Annual return

21.81%

+9.92 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.82M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

209

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.

90.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+21.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$218

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
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUMITY INSURANCE CO OF AM Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$39,017
COMPENSATION SYSTEMS, INC.2 years Filed as: COMPENSATION SYSTEMS INC Service code 13 1909 11TH AVE · MONROE, WI 53566	Contract Administrator	$7,263

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$45K

$276 / participant

Investment mgmt$38K84.1%
Contract admin$7K15.9%

% of EOY assets

0.307%

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: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,887

$79,209-10.5%

$102,434-30.8%

$74,459-4.8%

Participation rate

90.3%

74.8%+15.5pp

76.5%+13.8pp

67.2%+23.1pp

Annual return

21.81%

54.98%-33.2pp

29.46%-7.6pp

1369.70%-1347.9pp

Employer contribution / active EE

$1,835

$2,362-22.3%

$3,023-39.3%

$2,626-30.1%

Participant deferral / active EE

$4,972

$4,417+12.5%

$5,055-1.6%

$4,350+14.3%

Admin fee / account holder

$218

$2,002-89.1%

$9,462-97.7%

$1,945-88.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUMITY INSURANCE CO OF AM

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$39,017

COMPENSATION SYSTEMS, INC.2 years

Filed as: COMPENSATION SYSTEMS INC

Service code 13

1909 11TH AVE · MONROE, WI 53566

Contract Administrator

$7,263

E.K. MACHINE COMPANY, INC. RETIREMENT SAVINGS 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

E.K. MACHINE COMPANY, INC. RETIREMENT SAVINGS 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