Retirement plan

YOUNGSTOWN TILE & TERRAZZO CO., LLC 401(K) PROFIT SHARING PLAN

Name: YOUNGSTOWN TILE & TERRAZZO CO., LLC - YOUNGSTOWN TILE & TERRAZZO CO., LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: YOUNGSTOWN TILE & TERRAZZO CO., LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, YOUNGSTOWN TILE & TERRAZZO CO., LLC 401(K) PROFIT SHARING PLAN, YOUNGSTOWN TILE & TERRAZZO CO., LLC

YOUNGSTOWN TILE & TERRAZZO CO., LLCEIN 84-4029032Plan #001PY 2024

6883 N. PALMYRA RD. - CANFIELD, OH 44406330-533-4125youngstowntile.comLinkedIn11-50 employeesbuilding materials

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$507K

+26.1% from 2023

Total participants

+40.0% from 2023

Average account balance

$72,387

-9.9% from 2023

Annual return

9.92%

-1.92 pp from 2023

Benchmarks

See 54,852 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,852 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$507K

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$65K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+9.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18

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 codes2E2J2G

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.

Opportunity flags

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$125

$21 / participant

Other / not subdivided$125100.0%

% of EOY assets

0.025%

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

$72,387

$110,337-34.4%

$102,383-29.3%

$145,877-50.4%

Participation rate

100.0%

77.9%+22.1pp

74.5%+25.5pp

80.3%+19.7pp

Annual return

9.92%

24.83%-14.9pp

24.94%-15.0pp

551.28%-541.4pp

Employer contribution / active EE

$1,335

$4,216-68.3%

$3,870-65.5%

$4,663-71.4%

Participant deferral / active EE

$9,485

$5,621+68.7%

$5,060+87.5%

$6,691+41.8%

Admin fee / account holder

$18

$9,750-99.8%

$8,391-99.8%

$13,402-99.9%

YOUNGSTOWN TILE & TERRAZZO CO., LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

YOUNGSTOWN TILE & TERRAZZO CO., LLC 401(K) 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