Retirement plan

AERO CONTROLS, INC. 401K PROFIT SHARING PLAN

Name: AERO CONTROLS, INC. - AERO CONTROLS, INC. 401K PROFIT SHARING PLAN (2024) Form 5500
Creator: AERO CONTROLS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AERO CONTROLS, INC. 401K PROFIT SHARING PLAN, AERO CONTROLS, INC.

AERO CONTROLS, INC.EIN 91-1272435Plan #001PY 2024

PO BOX 837 - AUBURN, WA 980710837253-269-3000aerocontrols.comLinkedIn51-200 employeesairlines/aviation

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$15.6M

+4.2% from 2023

Total participants

147

+8.1% from 2023

Average account balance

$117,384

-5.9% from 2023

Annual return

17.87%

+8.39 pp from 2023

Benchmarks

See 4,103 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,103 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.61M

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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.

89.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$503K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+17.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$207

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
JOHN HANCOCK LIFE INSURANCE COMPANY5 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$19,228
THOMAS & COMPANY, CPA, PA5 years Service code 10 · EIN 76-3125446	Accounting	$8,350

Plan features & details

Pension benefit codes2E2F2J2K2S2T

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).
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.

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$28K

$214 / participant

Investment mgmt$8K30.7%
Contract admin$19K69.3%

% of EOY assets

0.177%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: THOMAS & COMPANY, CPA, PA
Auditor EIN: 753125446
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$117,384

$79,181+48.2%

$102,423+14.6%

$74,429+57.7%

Participation rate

89.1%

74.8%+14.4pp

76.5%+12.6pp

67.2%+21.9pp

Annual return

17.87%

54.97%-37.1pp

29.42%-11.6pp

1368.38%-1350.5pp

Employer contribution / active EE

$152

$2,362-93.6%

$3,023-95.0%

$2,625-94.2%

Participant deferral / active EE

$3,749

$4,416-15.1%

$5,054-25.8%

$4,348-13.8%

Admin fee / account holder

$207

$2,002-89.6%

$9,455-97.8%

$1,944-89.3%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY5 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$19,228

THOMAS & COMPANY, CPA, PA5 years

Service code 10 · EIN 76-3125446

Accounting

$8,350

AERO CONTROLS, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AERO CONTROLS, INC. 401K 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