Retirement plan

ARAGRA 401(K) PLAN

Name: ARAGRA TECHNOLOGIES CORPORATION - ARAGRA 401(K) PLAN (2024) Form 5500
Creator: ARAGRA TECHNOLOGIES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARAGRA 401(K) PLAN, ARAGRA TECHNOLOGIES CORPORATION

ARAGRA TECHNOLOGIES CORPORATIONEIN 46-2793780Plan #001PY 2024

2101 W PIKE ST - HOUSTON, PA 15342412-278-5200aragra.comLinkedIn1-10 employeesconsumer electronics

Prospect flagsLow participationLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$8.6M

+22.4% from 2023

Total participants

300

+11.5% from 2023

Average account balance

$39,985

+4.7% from 2023

Annual return

15.91%

-2.52 pp from 2023

Benchmarks

See 3,298 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.60M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

215

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$973K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$297

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
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$56,631
CAMBRIDGE INVESTMENT RESEARCH5+ years Filed as: CAMBRIDGE INVESTMENT RESEARCH INC Service code 55	Other Commissions	$28,706
DUNCAN ACCOUNTING & TAX SERVICES5+ years Filed as: DUNCAN ACCOUNTING & TAX SERVICES, I Service code 13 · EIN 61-1959547 311 MAIN STREET, SUITE 2 · IRWIN, PA 15642	Contract Administrator	$9,309
DUNCAN ACCOUNTING & TAX SERVICES5+ years Filed as: DUNCAN ACCOUNTING & TAX SERVICES IN Service code 13	Contract Administrator	$7,247
CAMBRIDGE INVESTMENT RESEARCH5+ years Filed as: CAMBRIDGE INVESTMENT RESEARCH INC. Service code 55 · EIN 42-1445429 1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$64K

$250 / participant

Contract admin$56K88.3%
Other / not subdivided$7K11.7%

% of EOY assets

0.742%

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: LOUIS PLUNG & COMPANY, LLP
Auditor EIN: 251637458
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,985

$106,230-62.4%

$147,080-72.8%

$77,736-48.6%

Participation rate

66.7%

78.4%-11.7pp

82.2%-15.5pp

70.6%-3.9pp

Annual return

15.91%

56.91%-41.0pp

420.17%-404.3pp

31.26%-15.4pp

Employer contribution / active EE

$1,023

$4,072-74.9%

$4,933-79.3%

$2,728-62.5%

Participant deferral / active EE

$2,790

$8,001-65.1%

$8,066-65.4%

$4,651-40.0%

Admin fee / account holder

$297

$338-12.3%

$12,989-97.7%

$433-31.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$56,631

CAMBRIDGE INVESTMENT RESEARCH5+ years

Filed as: CAMBRIDGE INVESTMENT RESEARCH INC

Service code 55

Other Commissions

$28,706

DUNCAN ACCOUNTING & TAX SERVICES5+ years

Filed as: DUNCAN ACCOUNTING & TAX SERVICES, I

Service code 13 · EIN 61-1959547

311 MAIN STREET, SUITE 2 · IRWIN, PA 15642

Contract Administrator

$9,309

DUNCAN ACCOUNTING & TAX SERVICES5+ years

Filed as: DUNCAN ACCOUNTING & TAX SERVICES IN

Service code 13

Contract Administrator

$7,247

CAMBRIDGE INVESTMENT RESEARCH5+ years

Filed as: CAMBRIDGE INVESTMENT RESEARCH INC.

Service code 55 · EIN 42-1445429

1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556

Other Commissions

ARAGRA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARAGRA 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