Retirement plan

FLEXTRUDE ALUMINUM SHAPES 401(K) PLAN

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

FLEXTRUDE ALUMINUM SHAPES LLCEIN 88-1719952Plan #001PY 2023

2540 JEWETT LANE - SANFORD, FL 32771407-323-3300flextrude.comLinkedIn201-500 employeesbuilding materials

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.3M

+84.5% from 2022

Total participants

161

+41.2% from 2022

Average account balance

$8,369

+26.6% from 2022

Annual return

22.63%

+22.63 pp from 2022

Benchmarks

See 4,139 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,139 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.62M

Not enough data

1 years with asset history on file

Average account balance

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

$8K

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.

203

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.

94.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$812K

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

+10.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$95

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
ALLIANCE PENSION CONSULTANTS, LLC1 year Filed as: ALLIANT INSURANCE SERVICES INC. Service code 13 · EIN 33-0785439	Contract Administrator	$13,001
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$11,054

Plan features & details

Pension benefit codes2A2E2G2I2K2S3D3F

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2I
Stock bonus
Stock bonus plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$24K

$159 / participant

Investment mgmt$5K18.9%
Contract admin$20K81.1%

% of EOY assets

1.879%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CHERRY BEKAERT LLP
Auditor EIN: 566057444
Audit fees: $0
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,369

$76,050-89.0%

$96,544-91.3%

$71,457-88.3%

Participation rate

94.7%

74.4%+20.3pp

76.0%+18.7pp

67.9%+26.8pp

Annual return

22.63%

22.81%-0.2pp

25.84%-3.2pp

28.85%-6.2pp

Employer contribution / active EE

$1,282

$2,244-42.9%

$2,965-56.7%

$2,588-50.4%

Participant deferral / active EE

$3,329

$4,215-21.0%

$4,851-31.4%

$4,289-22.4%

Admin fee / account holder

$157

$2,707-94.2%

$8,252-98.1%

$1,587-90.1%

Provider

Service type

Compensation

ALLIANCE PENSION CONSULTANTS, LLC1 year

Filed as: ALLIANT INSURANCE SERVICES INC.

Service code 13 · EIN 33-0785439

Contract Administrator

$13,001

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$11,054

FLEXTRUDE ALUMINUM SHAPES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLEXTRUDE ALUMINUM SHAPES 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