Retirement plan

NORTHLAND INDUSTRIAL SPECIALTIES, LLC 401(K) PLAN

Name: NORTHLAND INDUSTRIAL SPECIALTIES, LLC - NORTHLAND INDUSTRIAL SPECIALTIES, LLC 401(K) PLAN (2023) Form 5500
Creator: NORTHLAND INDUSTRIAL SPECIALTIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHLAND INDUSTRIAL SPECIALTIES, LLC 401(K) PLAN, NORTHLAND INDUSTRIAL SPECIALTIES, LLC

NORTHLAND INDUSTRIAL SPECIALTIES, LLCEIN 83-0315528Plan #002PY 2023

1088 ROBERTSON CIRCLE - GILLETTE, WY 82718307-682-2063nisprocess.comLinkedIn11-50 employeesoil & energy

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$483K

+58.0% from 2022

Total participants

+17.4% from 2022

Average account balance

$37,128

+21.6% from 2022

Annual return

18.60%

+35.58 pp from 2022

Benchmarks

See 14,456 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,456 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$907K

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

50.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$133K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1850

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 codes2E2F2G2J2T3D

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.
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

$195

$8 / participant

Other / not subdivided$195100.0%

% of EOY assets

0.040%

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

$37,128

$80,992-54.2%

$96,534-61.5%

$75,173-50.6%

Participation rate

46.2%

71.8%-25.6pp

76.0%-29.8pp

67.2%-21.0pp

Annual return

18.60%

27.05%-8.4pp

25.88%-7.3pp

160.72%-142.1pp

Employer contribution / active EE

$1,796

$2,283-21.3%

$2,965-39.4%

$2,671-32.8%

Participant deferral / active EE

$2,835

$3,929-27.8%

$4,851-41.6%

$4,126-31.3%

Admin fee / account holder

$15

$6,717-99.8%

$8,253-99.8%

$5,651-99.7%

NORTHLAND INDUSTRIAL SPECIALTIES, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHLAND INDUSTRIAL SPECIALTIES, LLC 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