Retirement plan

THALER MACHINE COMPANY LLC 401(K) PROFIT SHARING PLAN & TRUST

Name: THALER MACHINE COMPANY LLC - THALER MACHINE COMPANY LLC 401(K) PROFIT SHARING PLAN & TRUST (2023) Form 5500
Creator: THALER MACHINE COMPANY LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THALER MACHINE COMPANY LLC 401(K) PROFIT SHARING PLAN & TRUST, THALER MACHINE COMPANY LLC

THALER MACHINE COMPANY LLCEIN 84-4259995Plan #001PY 2023

PO BOX 430 - SPRINGBORO, OH 450660430937-550-2400thalermachine.comLinkedIn51-200 employees

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$6.4M

+16.9% from 2022

Total participants

133

-2.9% from 2022

Average account balance

$51,289

+18.8% from 2022

Annual return

13.69%

+25.95 pp from 2022

Benchmarks

See 4,137 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,137 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.91M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

133

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.

88.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$885K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$255

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
EVERHART ADVISORS3+ years Service code 13 · EIN 31-1440043 535 METRO PLACE SOUTH · DUBLIN, OH 43017	Contract Administrator	$14,410
PAYCHEX, INC.3+ years Service code 13 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Contract Administrator	$9,047
ERISA FIDUCIARY SERVICES, INC.1 year Service code 13 · EIN 47-1637791 1373 VETERANS HIGHWAY · HAUPPAUGE, NY 11788	Contract Administrator	$5,500

Plan features & details

Pension benefit codes2E2F3D2T2G2J

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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$30K

$259 / participant

Trustee / custodial$8602.9%
Investment mgmt$14K48.8%
Contract admin$14K48.3%

% of EOY assets

0.461%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BRIXEY & MEYER, INC.
Auditor EIN: 300132514
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,289

$76,112-32.6%

$96,534-46.9%

$71,511-28.3%

Participation rate

93.0%

74.4%+18.6pp

76.0%+17.0pp

67.9%+25.0pp

Annual return

13.69%

22.81%-9.1pp

25.88%-12.2pp

28.86%-15.2pp

Employer contribution / active EE

$2,632

$2,248+17.1%

$2,965-11.3%

$2,589+1.6%

Participant deferral / active EE

$3,838

$4,217-9.0%

$4,851-20.9%

$4,291-10.5%

Admin fee / account holder

$236

$2,708-91.3%

$8,253-97.1%

$1,588-85.1%

Provider

Service type

Compensation

EVERHART ADVISORS3+ years

Service code 13 · EIN 31-1440043

535 METRO PLACE SOUTH · DUBLIN, OH 43017

Contract Administrator

$14,410

PAYCHEX, INC.3+ years

Service code 13 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Contract Administrator

$9,047

ERISA FIDUCIARY SERVICES, INC.1 year

Service code 13 · EIN 47-1637791

1373 VETERANS HIGHWAY · HAUPPAUGE, NY 11788

Contract Administrator

$5,500

THALER MACHINE COMPANY LLC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THALER MACHINE COMPANY LLC 401(K) PROFIT SHARING PLAN & TRUST

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