Retirement plan

ALLIANCE AUTOMATION 401(K) RETIREMENT PLAN

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

ALLIANCE AUTOMATION, LLCEIN 75-3164446Plan #001PY 2024

1100 JOHN BROWN RD. - VAN WERT, OH 45891419-238-2520allianceautomation.comLinkedIn51-200 employeesindustrial automation

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.3M

+14.4% from 2023

Total participants

238

+8.2% from 2023

Average account balance

$44,308

-0.3% from 2023

Annual return

17.09%

-4.28 pp from 2023

Benchmarks

See 4,104 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,104 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.26M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

209

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.

85.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+17.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$376

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 3 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.4 years Service code 15 · EIN 45-6062081	Recordkeeping	$33,599
ADVISOR RESOURCE COUNCIL3 years Filed as: ADVISOR'S PRIDE Service code 26 · EIN 39-1689208	Advisory (Participants)	$19,746
LPL FINANCIAL4 years Filed as: LPL FINANCIAL LLC Service code 26 · EIN 95-2834236	Advisory (Participants)	$11,116

Plan features & details

Pension benefit codes2E2J2K2F2G2S3D

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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$78K

$396 / participant

Recordkeeping$7K8.4%
Trustee / custodial$34K42.8%
Investment mgmt$38K48.8%

% of EOY assets

0.848%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SCHULTZ HUBER & ASSOCIATES, INC.
Auditor EIN: 341769212
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,308

$79,184-44.0%

$102,438-56.7%

$74,546-40.6%

Participation rate

85.4%

74.8%+10.6pp

76.5%+8.9pp

67.2%+18.1pp

Annual return

17.09%

54.95%-37.9pp

29.37%-12.3pp

1366.03%-1348.9pp

Employer contribution / active EE

$2,683

$2,362+13.6%

$3,024-11.3%

$2,624+2.2%

Participant deferral / active EE

$4,599

$4,414+4.2%

$5,054-9.0%

$4,347+5.8%

Admin fee / account holder

$376

$2,001-81.2%

$9,448-96.0%

$1,944-80.7%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.4 years

Service code 15 · EIN 45-6062081

Recordkeeping

$33,599

ADVISOR RESOURCE COUNCIL3 years

Filed as: ADVISOR'S PRIDE

Service code 26 · EIN 39-1689208

Advisory (Participants)

$19,746

LPL FINANCIAL4 years

Filed as: LPL FINANCIAL LLC

Service code 26 · EIN 95-2834236

Advisory (Participants)

$11,116

ALLIANCE AUTOMATION 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALLIANCE AUTOMATION 401(K) RETIREMENT 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