Retirement plan

ALONSO & CARUS IRON WORKS, INC RETIREMENT PLAN TRUST

Name: ALONSO & CARUS IRON WORKS, INC - ALONSO & CARUS IRON WORKS, INC RETIREMENT PLAN TRUST (2023) Form 5500
Creator: ALONSO & CARUS IRON WORKS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALONSO & CARUS IRON WORKS, INC RETIREMENT PLAN TRUST, ALONSO & CARUS IRON WORKS, INC

ALONSO & CARUS IRON WORKS, INCEIN 66-0235446Plan #002PY 2023

PO BOX 566 - CATANO, PR 00963787-788-1065

Other plans on this EIN

1 filing

#001Retirement-$365K assets

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$272K

+19.4% from 2022

Total participants

0.0% from 2022

Average account balance

$54,387

+91.0% from 2022

Annual return

15.47%

+36.02 pp from 2022

Benchmarks

See 22,632 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,632 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$359K

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

61.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$82

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 codes2E2F2G2J3C

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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

2 tripped

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

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

$54,387

$110,240-50.7%

$96,544-43.7%

$139,487-61.0%

Participation rate

62.5%

78.1%-15.6pp

76.0%-13.5pp

80.3%-17.8pp

Annual return

15.47%

26.41%-10.9pp

25.88%-10.4pp

373.84%-358.4pp

Employer contribution / active EE

$3,622-100.0%

$2,966-100.0%

$4,755-100.0%

Participant deferral / active EE

$1,113

$5,549-79.9%

$4,851-77.1%

$6,713-83.4%

Admin fee / account holder

$11,602-100.0%

$8,254-100.0%

$11,407-100.0%

ALONSO & CARUS IRON WORKS, INC RETIREMENT PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ALONSO & CARUS IRON WORKS, INC RETIREMENT PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion