Retirement plan

ECO MATERIAL TECHNOLOGIES 401(K) PLAN

Name: ECO MATERIAL TECHNOLOGIES INC. - ECO MATERIAL TECHNOLOGIES 401(K) PLAN (2022) Form 5500
Creator: ECO MATERIAL TECHNOLOGIES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ECO MATERIAL TECHNOLOGIES 401(K) PLAN, ECO MATERIAL TECHNOLOGIES INC.

ECO MATERIAL TECHNOLOGIES INC.EIN 87-3609739Plan #001PY 2022

10701 S RIVER FRONT PARKWAY, SUITE 300 - SOUTH JORDAN, UT 84095801-984-9400ecomaterial.comLinkedIn1001-5000 employeesbuilding materials

Prospect flagsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$109.8M

No prior year

Total participants

2,080

No prior year

Average account balance

$52,912

No prior year

Annual return

21.68%

No prior year

Benchmarks

See 1,172 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,172 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$142.04M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

2,020

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.

93.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.81M

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

+15.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$67

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
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Service code 37 · EIN 04-2647786	Loan Processing	$167,126
SMITH & HOWARD, PC1+ years Service code 10 · EIN 58-1250486	Accounting	$19,000
ROYAL ALLIANCE ASSOCIATES INC1+ years Filed as: ROYAL ALLICACE ASSOCIATES, INC. Service code 16 · EIN 93-0987232	Consulting	$17,500

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$204K

$205 / participant

Investment mgmt$580.0%
Other / not subdivided$204K100.0%

% of EOY assets

0.186%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TRAVELLER & COMPANY LLC
Auditor EIN: 870668060
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,912

$81,948-35.4%

$90,760-41.7%

$64,819-18.4%

Participation rate

99.5%

80.5%+19.0pp

75.7%+23.8pp

71.5%+28.0pp

Annual return

21.68%

-12.53%+34.2pp

-12.16%+33.8pp

32.84%-11.2pp

Employer contribution / active EE

$2,019

$3,067-34.2%

$2,922-30.9%

$2,507-19.5%

Participant deferral / active EE

$4,394

$4,844-9.3%

$4,565-3.7%

$4,311+1.9%

Admin fee / account holder

$98

$157-37.5%

$8,444-98.8%

$188-47.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Service code 37 · EIN 04-2647786

Loan Processing

$167,126

SMITH & HOWARD, PC1+ years

Service code 10 · EIN 58-1250486

Accounting

$19,000

ROYAL ALLIANCE ASSOCIATES INC1+ years

Filed as: ROYAL ALLICACE ASSOCIATES, INC.

Service code 16 · EIN 93-0987232

Consulting

$17,500

ECO MATERIAL TECHNOLOGIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ECO MATERIAL TECHNOLOGIES 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