Retirement plan

SEKISUI AEROSPACE, INC. 401(K) RETIREMENT PLAN

Name: SEKISUI AEROSPACE, INC. - SEKISUI AEROSPACE, INC. 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: SEKISUI AEROSPACE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEKISUI AEROSPACE, INC. 401(K) RETIREMENT PLAN, SEKISUI AEROSPACE, INC.

SEKISUI AEROSPACE, INC.EIN 91-1419507Plan #001PY 2024

705 SW 7TH STREET - RENTON, WA 980572915206-261-4744sekisuiaerospace.comLinkedIn501-1000 employeesaviation & aerospace

Prospect flagsLow returnsHigh feesLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$32.4M

+6.7% from 2023

Total participants

925

-8.7% from 2023

Average account balance

$38,937

+19.5% from 2023

Annual return

11.26%

-3.60 pp from 2023

Benchmarks

See 1,160 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,160 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.43M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

833

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.

86.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.67M

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

+11.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$358

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$200,744
AGGREGATE RETIREMENT SERVICES8 years Service code 10 · EIN 47-1910719	Accounting	$97,746
AGGREGATE RETIREMENT SERVICES2 years Filed as: AGGREGATE RETIREMENT SERVICES ADMIN Service code 10	Accounting	$92,222
WILLIS TOWERS WATSON US LLC2 years Filed as: TOWERS WATSON INVESTMENT SERVICES Service code 27 · EIN 52-1868818	Advisory (Plan)	$15,903

Plan features & details

Pension benefit codes2E2J2K2F2G3D2S2T

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

4 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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$298K

$433 / participant

Contract admin$265K88.8%
Other / not subdivided$34K11.2%

% of EOY assets

0.920%

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: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: $33,551
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,937

$92,076-57.7%

$105,607-63.1%

$77,736-49.9%

Participation rate

86.7%

81.0%+5.6pp

75.3%+11.4pp

70.6%+16.1pp

Annual return

11.26%

17.84%-6.6pp

116.11%-104.8pp

31.26%-20.0pp

Employer contribution / active EE

$1,411

$3,370-58.1%

$3,167-55.5%

$2,728-48.3%

Participant deferral / active EE

$3,909

$5,390-27.5%

$5,011-22.0%

$4,651-16.0%

Admin fee / account holder

$358

$219+63.7%

$10,958-96.7%

$433-17.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$200,744

AGGREGATE RETIREMENT SERVICES8 years

Service code 10 · EIN 47-1910719

Accounting

$97,746

AGGREGATE RETIREMENT SERVICES2 years

Filed as: AGGREGATE RETIREMENT SERVICES ADMIN

Service code 10

Accounting

$92,222

WILLIS TOWERS WATSON US LLC2 years

Filed as: TOWERS WATSON INVESTMENT SERVICES

Service code 27 · EIN 52-1868818

Advisory (Plan)

$15,903

SEKISUI AEROSPACE, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEKISUI AEROSPACE, INC. 401(K) RETIREMENT 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