Retirement plan

ALTOR SOLUTIONS 401(K) PLAN

Name: FOAM FABRICATORS, INC. - ALTOR SOLUTIONS 401(K) PLAN (2023) Form 5500
Creator: FOAM FABRICATORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALTOR SOLUTIONS 401(K) PLAN, FOAM FABRICATORS, INC.

FOAM FABRICATORS, INC.EIN 43-0730823Plan #002PY 2023

8722 SAN ALBERTO DRIVE, SUITE 200 - SCOTTSDALE, AZ 85258480-607-7330

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$24M

+5.7% from 2022

Total participants

788

+94.1% from 2022

Average account balance

$33,594

-44.8% from 2022

Annual return

15.57%

-17.86 pp from 2022

Benchmarks

See 1,153 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,153 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.37M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

825

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.

88.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.78M

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

+8.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$81

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 5 by compensation

Provider	Service type	Compensation
SECURITIES AMERICA INC3 years Service code 99 · EIN 11-2551174	Other Fees	$12,900
MODERN WEALTH HOLDINGS LLC2 years Filed as: MODERN FINANCIAL ASSET MGMT Service code 99 · EIN 11-1000111	Other Fees	$4,600
ALERUS FINANCIAL, N.A.2 years Filed as: ALERUS FINANCIAL Service code 49 · EIN 45-0375407	Other Services	$2,760
MORNINGSTAR2 years Service code 27	Advisory (Plan)	$2,760
WALLACE PLESE & DREHER, LLP1 year Filed as: WALLACE PLESE AND DREHER LLP Service code 99 · EIN 22-2000222	Other Fees	$1,759

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$90K

$162 / participant

Investment mgmt$4K4.2%
Other / not subdivided$87K95.8%

% of EOY assets

0.377%

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: UHY LLP
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,594

$84,784-60.4%

$98,462-65.9%

$74,473-54.9%

Participation rate

86.7%

81.5%+5.2pp

75.2%+11.6pp

70.7%+16.0pp

Annual return

15.57%

20.59%-5.0pp

21.17%-5.6pp

34.36%-18.8pp

Employer contribution / active EE

$364

$3,364-89.2%

$3,049-88.1%

$2,638-86.2%

Participant deferral / active EE

$2,627

$5,218-49.6%

$4,738-44.6%

$4,530-42.0%

Admin fee / account holder

$127

$204-38.0%

$8,875-98.6%

$347-63.5%

Provider

Service type

Compensation

SECURITIES AMERICA INC3 years

Service code 99 · EIN 11-2551174

Other Fees

$12,900

MODERN WEALTH HOLDINGS LLC2 years

Filed as: MODERN FINANCIAL ASSET MGMT

Service code 99 · EIN 11-1000111

Other Fees

$4,600

ALERUS FINANCIAL, N.A.2 years

Filed as: ALERUS FINANCIAL

Service code 49 · EIN 45-0375407

Other Services

$2,760

MORNINGSTAR2 years

Service code 27

Advisory (Plan)

$2,760

WALLACE PLESE & DREHER, LLP1 year

Filed as: WALLACE PLESE AND DREHER LLP

Service code 99 · EIN 22-2000222

Other Fees

$1,759

ALTOR SOLUTIONS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALTOR SOLUTIONS 401(K) 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