Retirement plan

TAPEMASTER TOOL CO. 401(K) PLAN

Name: TAPEMASTER TOOL CO. - TAPEMASTER TOOL CO. 401(K) PLAN (2024) Form 5500
Creator: TAPEMASTER TOOL CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TAPEMASTER TOOL CO. 401(K) PLAN, TAPEMASTER TOOL CO.

TAPEMASTER TOOL CO.EIN 82-3896145Plan #001PY 2024

900 ROCHESTER ROAD - TROY, MI 48083248-616-8880tapemastercnc.comLinkedIn11-50 employeesmechanical or industrial engineering

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.4M

+26.9% from 2023

Total participants

-8.6% from 2023

Average account balance

$61,466

+38.4% from 2023

Annual return

12.13%

-0.29 pp from 2023

Benchmarks

See 14,154 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,154 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.35M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

73.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$160K

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

+12.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$186

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 codes2F2G2J2T3D

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$4K

$136 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.302%

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

$61,466

$86,949-29.3%

$102,460-40.0%

$80,959-24.1%

Participation rate

66.7%

72.4%-5.7pp

76.5%-9.8pp

67.7%-1.0pp

Annual return

12.13%

18.89%-6.8pp

29.47%-17.3pp

35.67%-23.5pp

Employer contribution / active EE

$1,815

$2,370-23.4%

$3,025-40.0%

$2,757-34.2%

Participant deferral / active EE

$3,535

$4,121-14.2%

$5,056-30.1%

$4,300-17.8%

Admin fee / account holder

$186

$8,048-97.7%

$9,460-98.0%

$6,925-97.3%

TAPEMASTER TOOL CO. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TAPEMASTER TOOL CO. 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