Retirement plan

ABET USA, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN

Name: ABET USA, INC. - ABET USA, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: ABET USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABET USA, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN, ABET USA, INC.

ABET USA, INC.EIN 88-2099986Plan #004PY 2022

PO BOX 88 - OCONOMOWOC, WI 53066262-560-4431

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7.1M

No prior year

Total participants

114

No prior year

Average account balance

$79,843

No prior year

Annual return

-20.10%

No prior year

Benchmarks

See 5,556 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,556 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.37M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

102

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.

110.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$482K

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

+44.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28632

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

Top 4 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES1+ years Service code 15 · EIN 16-1450952	Recordkeeping	$22,540
EQUITY SERVICES FINANCIAL ADVISORS1+ years Service code 27 · EIN 82-3433886	Advisory (Plan)	$17,321
CREATIVE PLANNING LLC1+ years Filed as: CREATIVE PLANNING, LLC Service code 27 5454 W 110TH ST. · OVERLAND PARK, KS 66211	Advisory (Plan)	$7,838
CHARLES SCHWAB & CO., INC.1+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$48K

$542 / participant

Investment mgmt$25K52.7%
Other / not subdivided$23K47.3%

% of EOY assets

0.671%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,843

$73,009+9.4%

$90,760-12.0%

$68,486+16.6%

Participation rate

71.6%

70.8%+0.8pp

75.7%-4.1pp

67.9%+3.7pp

Annual return

-20.10%

-13.81%-6.3pp

-12.16%-7.9pp

-7.85%-12.2pp

Employer contribution / active EE

$565

$2,193-74.2%

$2,922-80.6%

$2,597-78.2%

Participant deferral / active EE

$2,376

$3,626-34.5%

$4,565-48.0%

$4,028-41.0%

Admin fee / account holder

$536

$5,896-90.9%

$8,444-93.7%

$5,404-90.1%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES1+ years

Service code 15 · EIN 16-1450952

Recordkeeping

$22,540

EQUITY SERVICES FINANCIAL ADVISORS1+ years

Service code 27 · EIN 82-3433886

Advisory (Plan)

$17,321

CREATIVE PLANNING LLC1+ years

Filed as: CREATIVE PLANNING, LLC

Service code 27

5454 W 110TH ST. · OVERLAND PARK, KS 66211

Advisory (Plan)

$7,838

CHARLES SCHWAB & CO., INC.1+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

ABET USA, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABET USA, INC. EMPLOYEES 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