Retirement plan

CARRIER PROCESS EQUIPMENT GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: CARRIER PROCESS EQUIPMENT GROUP, INC. - CARRIER PROCESS EQUIPMENT GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2023) Form 5500
Creator: CARRIER PROCESS EQUIPMENT GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARRIER PROCESS EQUIPMENT GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN, CARRIER PROCESS EQUIPMENT GROUP, INC.

CARRIER PROCESS EQUIPMENT GROUP, INC.EIN 81-2418317Plan #002PY 2023

P.O. BOX 37070 - LOUISVILLE, KY 402337070502-969-3171

Other plans on this EIN

2 filings

#003Retirement-$21.6M assets #001Retirement-$5.0M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$80.3M

+9.4% from 2022

Total participants

341

+17.6% from 2022

Average account balance

$237,599

-6.5% from 2022

Annual return

19.73%

+18.90 pp from 2022

Benchmarks

See 4,137 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,137 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$82.48M

Not enough data

1 years with asset history on file

Average account balance

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

$248K

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.

332

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.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$768K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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 codes2P2Q2I3I

Plan features

2I
Stock bonus
Stock bonus plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1K

$7 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.002%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DEAN DORTON
Auditor EIN: 273858252
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$237,599

$76,112+212.2%

$96,544+146.1%

$71,529+232.2%

Participation rate

98.6%

74.4%+24.2pp

76.0%+22.6pp

67.9%+30.7pp

Annual return

19.73%

22.80%-3.1pp

25.88%-6.1pp

28.97%-9.2pp

Employer contribution / active EE

$12,605

$2,248+460.7%

$2,966+324.9%

$2,590+386.7%

Participant deferral / active EE

$4,217-100.0%

$4,851-100.0%

$4,291-100.0%

Admin fee / account holder

$2,708-99.8%

$8,254-99.9%

$1,588-99.7%

CARRIER PROCESS EQUIPMENT GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARRIER PROCESS EQUIPMENT GROUP, INC. EMPLOYEE STOCK OWNERSHIP 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