Retirement plan

AMERICAN PORTWELL TECHNOLOGY, INC. 401(K) PLAN

Name: AMERICAN PORTWELL TECHNOLOGY, INC. - AMERICAN PORTWELL TECHNOLOGY, INC. 401(K) PLAN (2020) Form 5500
Creator: AMERICAN PORTWELL TECHNOLOGY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN PORTWELL TECHNOLOGY, INC. 401(K) PLAN, AMERICAN PORTWELL TECHNOLOGY, INC.

AMERICAN PORTWELL TECHNOLOGY, INC.EIN 77-0511706Plan #002PY 2020

44200 CHRISTY STREET - FREMONT, CA 94538510-403-3399portwell.comLinkedIn51-200 employeescomputer hardware

Prospect flagsLow participationRecently reached 100 employees

How to read this page

Total assets (EOY)

$19.9M

+21.6% from 2019

Total participants

147

+3.5% from 2019

Average account balance

$185,648

+11.4% from 2019

Annual return

16.29%

-1.74 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.36M

Not enough data

1 years with asset history on file

Average account balance

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

$241K

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.

130

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.

80.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.57M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+16.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$660

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
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$23,497
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MML INVESTORS SERVICES, INC. Service code 53 · EIN 04-2746212	Insurance Commissions	$5,889
ALLIED CONSULTANTS, INC2 years Filed as: ALLIED CONSULTANTS, INC. Service code 13 · EIN 95-4171622 14768 PIPELINE AVENUE · CHINO HILLS, CA 91709	Contract Administrator	$370

Plan features & details

Pension benefit codes2F2G2J2K3D

Plan features

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$23K

$189 / participant

Other / not subdivided$23K100.0%

% of EOY assets

0.118%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: K A L L ACCOUNTANCY CORPORATION
Auditor EIN: 832920367
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$185,648

$73,638+152.1%

$95,964+93.5%

$73,497+152.6%

Participation rate

67.7%

76.2%-8.4pp

77.1%-9.3pp

70.7%-2.9pp

Annual return

16.29%

16.78%-0.5pp

91.64%-75.4pp

28.51%-12.2pp

Employer contribution / active EE

$1,887

$1,863+1.3%

$2,541-25.8%

$2,270-16.9%

Participant deferral / active EE

$9,978

$3,617+175.9%

$4,167+139.5%

$3,740+166.8%

Admin fee / account holder

$220

$482-54.5%

$6,797-96.8%

$513-57.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$23,497

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MML INVESTORS SERVICES, INC.

Service code 53 · EIN 04-2746212

Insurance Commissions

$5,889

ALLIED CONSULTANTS, INC2 years

Filed as: ALLIED CONSULTANTS, INC.

Service code 13 · EIN 95-4171622

14768 PIPELINE AVENUE · CHINO HILLS, CA 91709

Contract Administrator

$370

AMERICAN PORTWELL TECHNOLOGY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN PORTWELL TECHNOLOGY, INC. 401(K) 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