Retirement plan

PACSEAL HYDRAULICS INC. 401(K) PROFIT SHARING PLAN

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

PACSEAL, INC.EIN 76-0303363Plan #002PY 2023

561 TAMARACK AVENUE - BREA, CA 92821714-529-9495pacsealhydraulics.comLinkedIn11-50 employeesoil & energy

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.8M

+24.8% from 2022

Total participants

+6.7% from 2022

Average account balance

$128,711

+15.9% from 2022

Annual return

22.29%

+40.92 pp from 2022

Benchmarks

See 8,682 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,682 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.10M

Not enough data

1 years with asset history on file

Average account balance

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

$150K

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.

127.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$74K

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

+14.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3571

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 codes2E2F2G2J3D

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.
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

$60K

$5455 / participant

Other / not subdivided$60K100.0%

% of EOY assets

3.330%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$128,711

$118,488+8.6%

$98,462+30.7%

$139,487-7.7%

Participation rate

81.8%

77.5%+4.4pp

75.2%+6.6pp

80.3%+1.5pp

Annual return

22.29%

18.96%+3.3pp

21.17%+1.1pp

373.84%-351.6pp

Employer contribution / active EE

$2,053

$3,611-43.2%

$3,049-32.7%

$4,755-56.8%

Participant deferral / active EE

$6,700

$5,393+24.2%

$4,738+41.4%

$6,713-0.2%

Admin fee / account holder

$4,286

$13,868-69.1%

$8,875-51.7%

$11,407-62.4%

PACSEAL HYDRAULICS INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACSEAL HYDRAULICS 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