Retirement plan

INTELLIMETAL, INC. 401(K) PLAN

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

INTELLIMETAL, INC.EIN 46-5157882Plan #002PY 2023

100 HOLLEDER PKWY - ROCHESTER, NY 14615585-254-1128intellimetal.comLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsLow returnsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$5.5M

-22.6% from 2022

Total participants

126

-8.7% from 2022

Average account balance

$60,254

-13.3% from 2022

Annual return

-6.28%

-9.92 pp from 2022

Benchmarks

See 14,456 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,456 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.43M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

107.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$255K

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

+5.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13656

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE4 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$60,018
AMERICAN PORTFOLIOS FINANCIAL4 years Service code 33 4250 VETERANS MEMORIAL HWY · HOLBROOK, NY 11741	Securities brokerage; Securities brok...	$42,709
PENSION ASSURANCE LLP4 years Filed as: THE PENSION SERVICE, INC. Service code 15 · EIN 16-1613026 270 NORTHPOINTE PKWY STE 10 · AMHERST, NY 14228	Recordkeeping	$13,932

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$10K

$104 / participant

Investment mgmt$1K10.4%
Contract admin$2482.5%
Other / not subdivided$9K87.2%

% of EOY assets

0.183%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SARDONE, ROBINSON & ASSOCIATES
Auditor EIN: 161587614
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,254

$80,992-25.6%

$96,534-37.6%

$75,173-19.8%

Participation rate

63.9%

71.8%-7.9pp

76.0%-12.1pp

67.2%-3.3pp

Annual return

-6.28%

27.05%-33.3pp

25.88%-32.2pp

160.72%-167.0pp

Employer contribution / active EE

$439

$2,283-80.8%

$2,965-85.2%

$2,671-83.6%

Participant deferral / active EE

$2,579

$3,929-34.4%

$4,851-46.8%

$4,126-37.5%

Admin fee / account holder

$110

$6,717-98.4%

$8,253-98.7%

$5,651-98.0%

Provider

Service type

Compensation

NATIONWIDE4 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$60,018

AMERICAN PORTFOLIOS FINANCIAL4 years

Service code 33

4250 VETERANS MEMORIAL HWY · HOLBROOK, NY 11741

Securities brokerage; Securities brok...

$42,709

PENSION ASSURANCE LLP4 years

Filed as: THE PENSION SERVICE, INC.

Service code 15 · EIN 16-1613026

270 NORTHPOINTE PKWY STE 10 · AMHERST, NY 14228

Recordkeeping

$13,932

INTELLIMETAL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTELLIMETAL, INC. 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