Retirement plan

SPECTROCHEMICAL LABORATORIES 401K PLAN

Name: SPECTROCHEMICAL LABORATORIES - MATERIAL EVALUATION, INC. - SPECTROCHEMICAL LABORATORIES 401K PLAN (2023) Form 5500
Creator: SPECTROCHEMICAL LABORATORIES - MATERIAL EVALUATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPECTROCHEMICAL LABORATORIES 401K PLAN, SPECTROCHEMICAL LABORATORIES - MATERIAL EVALUATION, INC.

SPECTROCHEMICAL LABORATORIES - MATERIAL EVALUATION, INC.EIN 81-3722086Plan #001PY 2023

155 PROMINENCE DRIVE - NEW KENSINGTON, PA 15068724-334-4140LinkedIn11-50 employeeschemicals

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$497K

+24.0% from 2022

Total participants

+20.0% from 2022

Average account balance

$99,335

+24.0% from 2022

Annual return

16.43%

+32.40 pp from 2022

Benchmarks

See 8,683 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,683 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$32K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.29%

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

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 codes2E2J2F2G3D

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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$100

$17 / participant

Other / not subdivided$100100.0%

% of EOY assets

0.020%

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

$99,335

$118,496-16.2%

$98,461+0.9%

$139,466-28.8%

Participation rate

83.3%

77.5%+5.9pp

75.2%+8.2pp

80.3%+3.0pp

Annual return

16.43%

18.96%-2.5pp

21.17%-4.7pp

373.66%-357.2pp

Employer contribution / active EE

$3,611-100.0%

$3,049-100.0%

$4,754-100.0%

Participant deferral / active EE

$5,074

$5,393-5.9%

$4,738+7.1%

$6,712-24.4%

Admin fee / account holder

$20

$14,056-99.9%

$8,961-99.8%

$11,409-99.8%

SPECTROCHEMICAL LABORATORIES 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPECTROCHEMICAL LABORATORIES 401K 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