Retirement plan

ATLANTIC FORKLIFT SERVICES, LLC 401(K) PROFIT SHARING PLAN

Name: ATLANTIC FORKLIFT SERVICES, LLC - ATLANTIC FORKLIFT SERVICES, LLC 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: ATLANTIC FORKLIFT SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ATLANTIC FORKLIFT SERVICES, LLC 401(K) PROFIT SHARING PLAN, ATLANTIC FORKLIFT SERVICES, LLC

ATLANTIC FORKLIFT SERVICES, LLCEIN 46-3018564Plan #001PY 2021

5509 DAVID COX ROAD - CHARLOTTE, NC 28269704-816-8960atlanticforkliftservices.comLinkedIn51-200 employeeswholesale

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$1M

+39.0% from 2020

Total participants

+25.8% from 2020

Average account balance

$26,974

+9.7% from 2020

Annual return

12.22%

-20.83 pp from 2020

Benchmarks

See 14,566 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,566 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.00M

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.

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.

116.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$422K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5546

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

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

$43K

$1162 / participant

Other / not subdivided$43K100.0%

% of EOY assets

4.196%

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

$26,974

$86,288-68.7%

$111,306-75.8%

$85,851-68.6%

Participation rate

97.3%

73.3%+24.0pp

77.3%+20.0pp

69.3%+28.0pp

Annual return

12.22%

19.99%-7.8pp

54.67%-42.5pp

318.63%-306.4pp

Employer contribution / active EE

$2,245

$2,044+9.9%

$2,732-17.8%

$2,565-12.5%

Participant deferral / active EE

$3,830

$3,641+5.2%

$4,488-14.6%

$3,952-3.1%

Admin fee / account holder

$1,132

$8,189-86.2%

$7,966-85.8%

$6,261-81.9%

ATLANTIC FORKLIFT SERVICES, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ATLANTIC FORKLIFT SERVICES, LLC 401(K) PROFIT SHARING 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