Retirement plan

SYLVAN R. SHEMITZ DESIGNS, LLC 401(K) RETIREMENT PLAN

Name: SYLVAN R. SHEMITZ DESIGNS, LLC - SYLVAN R. SHEMITZ DESIGNS, LLC 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: SYLVAN R. SHEMITZ DESIGNS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYLVAN R. SHEMITZ DESIGNS, LLC 401(K) RETIREMENT PLAN, SYLVAN R. SHEMITZ DESIGNS, LLC

SYLVAN R. SHEMITZ DESIGNS, LLCEIN 47-1487060Plan #004PY 2023

114 BOSTON POST ROAD - WEST HAVEN, CT 06516203-931-4455LinkedIn51-200 employeescomputer hardware

Other plans on this EIN

1 filing

#003Retirement-$554K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$6.3M

+18.3% from 2022

Total participants

-5.9% from 2022

Average account balance

$149,183

+18.3% from 2022

Annual return

16.21%

+31.90 pp from 2022

Benchmarks

See 18,059 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,059 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$6.56M

Not enough data

1 years with asset history on file

Average account balance

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

$164K

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.

137.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$116K

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

+16.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5857

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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 codes2E2F2H2J3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$11K

$437 / participant

Other / not subdivided$11K100.0%

% of EOY assets

0.175%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$149,183

$73,933+101.8%

$96,683+54.3%

$75,163+98.5%

Participation rate

76.0%

66.4%+9.6pp

74.3%+1.7pp

67.2%+8.8pp

Annual return

16.21%

26.70%-10.5pp

35.69%-19.5pp

160.62%-144.4pp

Employer contribution / active EE

$2,928-100.0%

$3,737-100.0%

$2,670-100.0%

Participant deferral / active EE

$4,486

$3,659+22.6%

$4,878-8.0%

$4,125+8.7%

Admin fee / account holder

$260

$5,216-95.0%

$6,730-96.1%

$5,651-95.4%

SYLVAN R. SHEMITZ DESIGNS, LLC 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYLVAN R. SHEMITZ DESIGNS, LLC 401(K) RETIREMENT 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