Retirement plan

SUN AUTOMATION INC. 401(K) PLAN

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

SUN AUTOMATION INC.EIN 52-1394629Plan #001PY 2024

12201 LONG GREEN PIKE - GLEN ARM, MD 21057410-472-2900sunautomation.comLinkedIn51-200 employeesmachinery

Other plans on this EIN

1 filing

#002Retirement-$56.9M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$16.2M

+16.5% from 2023

Total participants

161

+1.9% from 2023

Average account balance

$104,666

+12.8% from 2023

Annual return

17.68%

-3.91 pp from 2023

Benchmarks

See 4,103 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,103 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.22M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

155

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.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.34M

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

+17.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 2 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC2 years Filed as: UBS FINANCIAL SERVICES INC. Service code 16 · EIN 13-2638166	Consulting	$21,233
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	-$21,139

Plan features & details

Pension benefit codes2F2G2J2T2E3D

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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$94

$1 / participant

Other / not subdivided$94100.0%

% of EOY assets

0.001%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,666

$79,181+32.2%

$102,423+2.2%

$74,429+40.6%

Participation rate

95.7%

74.8%+20.9pp

76.5%+19.1pp

67.2%+28.4pp

Annual return

17.68%

54.97%-37.3pp

29.42%-11.7pp

1368.38%-1350.7pp

Employer contribution / active EE

$2,446

$2,362+3.6%

$3,023-19.1%

$2,625-6.8%

Participant deferral / active EE

$7,265

$4,416+64.5%

$5,054+43.7%

$4,348+67.1%

Admin fee / account holder

$2,002-100.0%

$9,455-100.0%

$1,944-100.0%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC2 years

Filed as: UBS FINANCIAL SERVICES INC.

Service code 16 · EIN 13-2638166

Consulting

$21,233

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$21,139

SUN AUTOMATION INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUN AUTOMATION 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