Retirement plan

AMERICAN EXCELSIOR COMPANY 401(K) SAVINGS PLAN

Name: AMERICAN EXCELSIOR COMPANY - AMERICAN EXCELSIOR COMPANY 401(K) SAVINGS PLAN (2023) Form 5500
Creator: AMERICAN EXCELSIOR COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN EXCELSIOR COMPANY 401(K) SAVINGS PLAN, AMERICAN EXCELSIOR COMPANY

AMERICAN EXCELSIOR COMPANYEIN 75-1492124Plan #003PY 2023

850 AVENUE H E - ARLINGTON, TX 760117720817-385-3500americanexcelsior.comLinkedIn201-500 employeesconsumer goods

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$29.7M

+13.2% from 2022

Total participants

599

+4.7% from 2022

Average account balance

$52,699

+10.6% from 2022

Annual return

14.45%

+28.60 pp from 2022

Benchmarks

See 1,153 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,153 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.71M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

577

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.

93.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$215

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290	Contract Administrator	$110,759
CREATIVE PLANNING LLC2 years Service code 27 · EIN 84-4519624	Advisory (Plan)	$52,500

Plan features & details

Pension benefit codes2E2G2J2K2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$111K

$229 / participant

Contract admin$111K100.0%

% of EOY assets

0.373%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Qualified opinion

Opinion is qualified - a specific issue limited the scope or accuracy of the audit.

Auditor firm: WHITLEY PENN
Auditor EIN: 751492124
Audit fees: (not subdivided)
Opinion code: Qualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,699

$84,784-37.8%

$98,462-46.5%

$74,473-29.2%

Participation rate

92.8%

81.5%+11.2pp

75.2%+17.6pp

70.7%+22.0pp

Annual return

14.45%

20.59%-6.1pp

21.17%-6.7pp

34.36%-19.9pp

Employer contribution / active EE

$1,653

$3,364-50.9%

$3,049-45.8%

$2,638-37.4%

Participant deferral / active EE

$3,685

$5,218-29.4%

$4,738-22.2%

$4,530-18.7%

Admin fee / account holder

$196

$204-4.0%

$8,875-97.8%

$347-43.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY9+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$110,759

CREATIVE PLANNING LLC2 years

Service code 27 · EIN 84-4519624

Advisory (Plan)

$52,500

AMERICAN EXCELSIOR COMPANY 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN EXCELSIOR COMPANY 401(K) SAVINGS 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