Retirement plan

ETI SOLID STATE LIGHTING INC 401(K) PROFIT SHARING PLAN & TRUST

Name: ETI SOLID STATE LIGHTING INC - ETI SOLID STATE LIGHTING INC 401(K) PROFIT SHARING PLAN & TRUST (2022) Form 5500
Creator: ETI SOLID STATE LIGHTING INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ETI SOLID STATE LIGHTING INC 401(K) PROFIT SHARING PLAN & TRUST, ETI SOLID STATE LIGHTING INC

ETI SOLID STATE LIGHTING INCEIN 45-2791194Plan #001PY 2022

720 NORTHGATE PKWY - WHEELING, IL 600902660216-407-0084

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$957K

+11.7% from 2021

Total participants

+113.2% from 2021

Average account balance

$13,871

-43.3% from 2021

Annual return

-3.27%

-18.24 pp from 2021

Benchmarks

See 9,447 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,447 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.33M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

116.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$420K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12622

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 codes2T2J3D2G2E3H2F

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$181K

$2748 / participant

Other / not subdivided$181K100.0%

% of EOY assets

18.951%

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

$13,871

$59,834-76.8%

$79,576-82.6%

$68,495-79.7%

Participation rate

81.8%

61.1%+20.8pp

69.5%+12.3pp

67.9%+13.9pp

Annual return

-3.27%

-12.30%+9.0pp

0.15%-3.4pp

-7.84%+4.6pp

Employer contribution / active EE

$2,560

$1,505+70.1%

$2,413+6.1%

$2,596-1.4%

Participant deferral / active EE

$1,950

$3,024-35.5%

$3,985-51.1%

$4,028-51.6%

Admin fee / account holder

$2,629

$4,835-45.6%

$6,834-61.5%

$5,403-51.4%

ETI SOLID STATE LIGHTING INC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ETI SOLID STATE LIGHTING INC 401(K) PROFIT SHARING PLAN & TRUST

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