Retirement plan

CARRIER PROCESS EQUIPMENT GROUP, INC. 401(K) PLAN AND TRUST

Name: CARRIER PROCESS EQUIPMENT GROUP, INC. - CARRIER PROCESS EQUIPMENT GROUP, INC. 401(K) PLAN AND TRUST (2024) 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. 401(K) PLAN AND TRUST, CARRIER PROCESS EQUIPMENT GROUP, INC.

CARRIER PROCESS EQUIPMENT GROUP, INC.EIN 81-2418317Plan #003PY 2024

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

Other plans on this EIN

2 filings

#002Retirement-$82.5M assets #001Retirement-$6.6M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$23.9M

+10.6% from 2023

Total participants

278

-2.5% from 2023

Average account balance

$90,697

+16.1% from 2023

Annual return

26.26%

+10.24 pp from 2023

Benchmarks

See 4,099 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,099 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.94M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

264

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.

93.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+26.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$190

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 5 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC6+ years Service code 27 PO BOX 198928 · NASHVILLE, TN 37238	Advisory (Plan)	$28,912
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$14,334
PNC BANK, N.A.1 year Filed as: PNC BANK Service code 27 1900 E 9TH ST · CLEVELAND, OH 44114	Advisory (Plan)	$7,393
RETIREMENT MANAGEMENT SVCS LLC1 year Filed as: RETIRMENT MGMT SERVICES LLC Service code 13 · EIN 31-1560462	Contract Administrator	$3,769
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,665

Plan features & details

Pension benefit codes2G2J2K3H2E2F2S3D

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$50K

$222 / participant

Recordkeeping$14K28.5%
Investment mgmt$32K64.0%
Contract admin$4K7.5%

% of EOY assets

0.210%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,697

$79,223+14.5%

$102,460-11.5%

$74,478+21.8%

Participation rate

93.8%

74.8%+19.1pp

76.5%+17.3pp

67.2%+26.6pp

Annual return

26.26%

54.98%-28.7pp

29.47%-3.2pp

1370.56%-1344.3pp

Employer contribution / active EE

$2,363-100.0%

$3,025-100.0%

$2,626-100.0%

Participant deferral / active EE

$4,834

$4,417+9.4%

$5,056-4.4%

$4,350+11.1%

Admin fee / account holder

$190

$2,003-90.5%

$9,460-98.0%

$1,946-90.2%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC6+ years

Service code 27

PO BOX 198928 · NASHVILLE, TN 37238

Advisory (Plan)

$28,912

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$14,334

PNC BANK, N.A.1 year

Filed as: PNC BANK

Service code 27

1900 E 9TH ST · CLEVELAND, OH 44114

Advisory (Plan)

$7,393

RETIREMENT MANAGEMENT SVCS LLC1 year

Filed as: RETIRMENT MGMT SERVICES LLC

Service code 13 · EIN 31-1560462

Contract Administrator

$3,769

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP LLC

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,665

CARRIER PROCESS EQUIPMENT GROUP, INC. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARRIER PROCESS EQUIPMENT GROUP, INC. 401(K) PLAN AND TRUST

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