Retirement plan

ESSICK AIR PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: ESSICK AIR PRODUCTS, INC. - ESSICK AIR PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: ESSICK AIR PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ESSICK AIR PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST, ESSICK AIR PRODUCTS, INC.

ESSICK AIR PRODUCTS, INC.EIN 71-0748001Plan #001PY 2024

5800 MURRAY STREET - LITTLE ROCK, AR 72209501-562-1094essickair.comLinkedIn201-500 employeesconsumer goods

Prospect flagsLow returnsHigh fees

Top hat statement on fileNQDC

Filed February 12, 1993

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$8.6M

-11.9% from 2023

Total participants

211

-9.1% from 2023

Average account balance

$41,783

-7.2% from 2023

Annual return

9.97%

-4.97 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.65M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

207

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$883K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+9.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$301

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$28,554
ARVEST ASSET MANAGEMENT6 years Service code 27 PO BOX 1515 · LOWELL, AR 72745	Advisory (Plan)	$18,857
DEFINITI LLC2 years Service code 13 2201 TIMBERLOCH PL SUITE 150 · THE WOODLANDS, TX 77380	Contract Administrator	$14,230
ARVEST ASSET MANAGEMENT1 year Filed as: ARVEST BANK Service code 27 800 N OSAGE AVE · BARTLESVILLE, OK 74029	Advisory (Plan)	$5,517
ERISA SERVICES, INC.1 year Filed as: ERISA SERVICES INC Service code 13	Contract Administrator	$123
RETIREMENT, LLC5 years Filed as: RETIREMENT, LLC - SERIES TWO Service code 99 13838 QUAIL POINTE DR SUITE B · OKLAHOMA CITY, OK 73134	Other Fees	$60
ERISA SERVICES, INC.1 year Filed as: ERISA SERVICES INC. Service code 13 PO BOX 24628 · KNOXVILLE, TX 37933	Contract Administrator	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$62K

$378 / participant

Contract admin$62K100.0%

% of EOY assets

0.721%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LITTLE, SHANEYFELT, MARSHALL & CO.
Auditor EIN: 710804806
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,783

$79,209-47.2%

$102,434-59.2%

$74,459-43.9%

Participation rate

97.6%

74.8%+22.8pp

76.5%+21.1pp

67.2%+30.4pp

Annual return

9.97%

54.98%-45.0pp

29.46%-19.5pp

1369.70%-1359.7pp

Employer contribution / active EE

$2,055

$2,362-13.0%

$3,023-32.0%

$2,626-21.8%

Participant deferral / active EE

$3,295

$4,417-25.4%

$5,055-34.8%

$4,350-24.2%

Admin fee / account holder

$301

$2,002-85.0%

$9,462-96.8%

$1,945-84.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$28,554

ARVEST ASSET MANAGEMENT6 years

Service code 27

PO BOX 1515 · LOWELL, AR 72745

Advisory (Plan)

$18,857

DEFINITI LLC2 years

Service code 13

2201 TIMBERLOCH PL SUITE 150 · THE WOODLANDS, TX 77380

Contract Administrator

$14,230

ARVEST ASSET MANAGEMENT1 year

Filed as: ARVEST BANK

Service code 27

800 N OSAGE AVE · BARTLESVILLE, OK 74029

Advisory (Plan)

$5,517

ERISA SERVICES, INC.1 year

Filed as: ERISA SERVICES INC

Service code 13

Contract Administrator

$123

RETIREMENT, LLC5 years

Filed as: RETIREMENT, LLC - SERIES TWO

Service code 99

13838 QUAIL POINTE DR SUITE B · OKLAHOMA CITY, OK 73134

Other Fees

$60

ERISA SERVICES, INC.1 year

Filed as: ERISA SERVICES INC.

Service code 13

PO BOX 24628 · KNOXVILLE, TX 37933

Contract Administrator

ESSICK AIR PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ESSICK AIR PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST

Top hat statement on fileNQDC

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