Retirement plan

AB CASTING CLEANING & INSPECTI 401 K PROFIT SHARING PLAN AND TR

Name: AB CASTING CLEANING & INSPECTION - AB CASTING CLEANING & INSPECTI 401 K PROFIT SHARING PLAN AND TR (2024) Form 5500
Creator: AB CASTING CLEANING & INSPECTION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AB CASTING CLEANING & INSPECTI 401 K PROFIT SHARING PLAN AND TR, AB CASTING CLEANING & INSPECTION

AB CASTING CLEANING & INSPECTIONEIN 47-4329611Plan #001PY 2024

505 E 31ST ST. - ANDERSON, IN 46016765-810-4886

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$119K

+34.3% from 2023

Total participants

+9.4% from 2023

Average account balance

$9,889

+34.3% from 2023

Annual return

10.94%

-1.77 pp from 2023

Benchmarks

See 10,646 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,646 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$119K

Not enough data

1 years with asset history on file

Average account balance

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

$10K

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.

46.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$794

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

+10.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$217

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$3K

$100 / participant

Other / not subdivided$3K100.0%

% of EOY assets

2.192%

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

$9,889

$58,311-83.0%

$81,882-87.9%

$80,959-87.8%

Participation rate

11.5%

63.5%-51.9pp

72.4%-60.8pp

67.7%-56.1pp

Annual return

10.94%

41.85%-30.9pp

779.47%-768.5pp

35.67%-24.7pp

Employer contribution / active EE

$2,347-100.0%

$2,916-100.0%

$2,757-100.0%

Participant deferral / active EE

$794

$3,287-75.8%

$4,323-81.6%

$4,300-81.5%

Admin fee / account holder

$217

$4,752-95.4%

$7,360-97.1%

$6,925-96.9%

AB CASTING CLEANING & INSPECTI 401 K PROFIT SHARING PLAN AND TR

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AB CASTING CLEANING & INSPECTI 401 K PROFIT SHARING PLAN AND TR

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