Retirement plan

PS INDUSTRIES INCORPORATED SAFE HARBOR 401(K) PLAN

Name: PS INDUSTRIES INCORPORATED - PS INDUSTRIES INCORPORATED SAFE HARBOR 401(K) PLAN (2024) Form 5500
Creator: PS INDUSTRIES INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PS INDUSTRIES INCORPORATED SAFE HARBOR 401(K) PLAN, PS INDUSTRIES INCORPORATED

PS INDUSTRIES INCORPORATEDEIN 45-0345209Plan #001PY 2024

PS INDUSTRIES INCORPORATED, 1150 S 48TH STREET - GRAND FORKS, ND 58201701-795-6568psindustries.comLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$12.8M

+15.3% from 2023

Total participants

130

-2.3% from 2023

Average account balance

$144,324

+16.5% from 2023

Annual return

15.54%

-1.07 pp from 2023

Benchmarks

See 3,446 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,446 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.84M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

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.

85.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$775K

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

+15.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9641

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$858K

$8251 / participant

Other / not subdivided$858K100.0%

% of EOY assets

6.680%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$144,324

$80,748+78.7%

$102,383+41.0%

$74,429+93.9%

Participation rate

60.6%

65.7%-5.1pp

74.5%-13.9pp

67.2%-6.6pp

Annual return

15.54%

27.57%-12.0pp

24.94%-9.4pp

1368.38%-1352.8pp

Employer contribution / active EE

$2,038

$3,159-35.5%

$3,870-47.4%

$2,625-22.4%

Participant deferral / active EE

$5,419

$3,861+40.4%

$5,060+7.1%

$4,348+24.6%

Admin fee / account holder

$9,641

$2,371+306.7%

$8,391+14.9%

$1,944+395.9%

PS INDUSTRIES INCORPORATED SAFE HARBOR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PS INDUSTRIES INCORPORATED SAFE HARBOR 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