Retirement plan

PRECISION WATERJET, INC. PROFIT SHARING PLAN

Name: PRECISION WATERJET, INC. - PRECISION WATERJET, INC. PROFIT SHARING PLAN (2022) Form 5500
Creator: PRECISION WATERJET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRECISION WATERJET, INC. PROFIT SHARING PLAN, PRECISION WATERJET, INC.

PRECISION WATERJET, INC.EIN 84-1571253Plan #001PY 2022

3315 FILLMORE RIDGE HEIGHTS - COLORADO SPRINGS, CO 80907719-593-9128LinkedIn1-10 employeesbiotechnology

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$587K

+2.5% from 2021

Total participants

0.0% from 2021

Average account balance

$195,701

+2.5% from 2021

Annual return

-0.12%

-4.68 pp from 2021

Benchmarks

See 22,373 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,373 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$617K

Not enough data

1 years with asset history on file

Average account balance

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

$206K

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15K

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

+5.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2900

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 codes2E2G2J2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$8K

$2644 / participant

Other / not subdivided$8K100.0%

% of EOY assets

1.351%

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

$195,701

$100,792+94.2%

$86,691+125.7%

$134,509+45.5%

Participation rate

100.0%

78.9%+21.1pp

76.6%+23.4pp

81.2%+18.8pp

Annual return

-0.12%

29.08%-29.2pp

35.94%-36.1pp

418.13%-418.3pp

Employer contribution / active EE

$1,426

$3,491-59.2%

$2,837-49.7%

$4,741-69.9%

Participant deferral / active EE

$3,600

$5,339-32.6%

$4,656-22.7%

$6,400-43.8%

Admin fee / account holder

$2,644

$10,924-75.8%

$7,492-64.7%

$11,427-76.9%

PRECISION WATERJET, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRECISION WATERJET, INC. PROFIT SHARING 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