Retirement plan

NATIVE ENERGY & TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN

Name: NATIVE ENERGY & TECHNOLOGY, INC. - NATIVE ENERGY & TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: NATIVE ENERGY & TECHNOLOGY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIVE ENERGY & TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN, NATIVE ENERGY & TECHNOLOGY, INC.

NATIVE ENERGY & TECHNOLOGY, INC.EIN 74-2890367Plan #001PY 2023

12793 COGBURN AVENUE - SAN ANTONIO, TX 78249210-231-6060LinkedIn1-10 employees

Prospect flagsHigh feesLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$3M

+22.0% from 2022

Total participants

182

-12.9% from 2022

Average account balance

$18,494

+21.2% from 2022

Annual return

17.18%

-3.42 pp from 2022

Benchmarks

See 6,236 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,236 peers

Snapshot2023

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.55M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

159

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.

78.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$695K

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

+12.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$152

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 6 by compensation

Provider	Service type	Compensation
STADION MONEY MANAGEMENT2 years Filed as: STADION MONEY MANAGEMENT, LLC Service code 13 1061 CLIFF DAWSON ROAD · WATKINSVILLE, GA 30677	Contract Administrator	$15,775
HILL WARD HENDERSON4 years Filed as: HILL COUNTRY GROUP Service code 53 2 SPENCER RD · BOERNE, TX 78006	Insurance Commissions	$13,370
NATIONWIDE6 years Service code 19 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Securities Custodian	$13,325
NATIONWIDE3 years Filed as: NATIONWIDE FINANCIAL Service code 19	Securities Custodian	$7,992
INWEST RETIREMENT SOLUTIONS2 years Service code 15 4305 N. GARFIELD STREET · MIDLAND, TX 79705	Recordkeeping	$7,254
IWNEST RETIREMENT SOLUTIONS2 years Service code 15	Recordkeeping	$3,155

Plan features & details

Pension benefit codes2A2E2F2G2J2R3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$50K

$348 / participant

Investment mgmt$44K89.3%
Contract admin$5K10.7%

% of EOY assets

1.670%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: PSK, LLP
Auditor EIN: 751486711
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,494

$91,407-79.8%

$135,903-86.4%

$71,457-74.1%

Participation rate

85.3%

75.7%+9.7pp

81.9%+3.4pp

67.9%+17.4pp

Annual return

17.18%

29.90%-12.7pp

68.23%-51.0pp

28.85%-11.7pp

Employer contribution / active EE

$3,210

$3,703-13.3%

$4,856-33.9%

$2,588+24.1%

Participant deferral / active EE

$1,197

$7,092-83.1%

$7,758-84.6%

$4,289-72.1%

Admin fee / account holder

$309

$1,266-75.6%

$10,762-97.1%

$1,587-80.5%

Provider

Service type

Compensation

STADION MONEY MANAGEMENT2 years

Filed as: STADION MONEY MANAGEMENT, LLC

Service code 13

1061 CLIFF DAWSON ROAD · WATKINSVILLE, GA 30677

Contract Administrator

$15,775

HILL WARD HENDERSON4 years

Filed as: HILL COUNTRY GROUP

Service code 53

2 SPENCER RD · BOERNE, TX 78006

Insurance Commissions

$13,370

NATIONWIDE6 years

Service code 19

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Securities Custodian

$13,325

NATIONWIDE3 years

Filed as: NATIONWIDE FINANCIAL

Service code 19

Securities Custodian

$7,992

INWEST RETIREMENT SOLUTIONS2 years

Service code 15

4305 N. GARFIELD STREET · MIDLAND, TX 79705

Recordkeeping

$7,254

IWNEST RETIREMENT SOLUTIONS2 years

Service code 15

Recordkeeping

$3,155

NATIVE ENERGY & TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIVE ENERGY & TECHNOLOGY, INC. 401(K) PROFIT SHARING 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