Retirement plan

FULLFORD ELECTRIC, INC. 401(K) PROFIT-SHARING PLAN AND TRUST

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

FULLFORD ELECTRIC, INC.EIN 92-0099751Plan #001PY 2024

303 EAST VAN HORN ROAD - FAIRBANKS, AK 997017625907-456-7356fullfordelectric.comLinkedIn11-50 employeeselectrical/electronic manufacturing

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.8M

+31.9% from 2023

Total participants

+37.5% from 2023

Average account balance

$85,634

+0.5% from 2023

Annual return

8.22%

-4.06 pp from 2023

Benchmarks

See 54,852 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,852 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.80M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$323K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+8.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$781

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

$16K

$911 / participant

Other / not subdivided$16K100.0%

% of EOY assets

0.912%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,634

$110,337-22.4%

$102,383-16.4%

$145,877-41.3%

Participation rate

94.4%

77.9%+16.5pp

74.5%+19.9pp

80.3%+14.1pp

Annual return

8.22%

24.83%-16.6pp

24.94%-16.7pp

551.28%-543.1pp

Employer contribution / active EE

$6,570

$4,216+55.8%

$3,870+69.8%

$4,663+40.9%

Participant deferral / active EE

$11,375

$5,621+102.4%

$5,060+124.8%

$6,691+70.0%

Admin fee / account holder

$781

$9,750-92.0%

$8,391-90.7%

$13,402-94.2%

FULLFORD ELECTRIC, INC. 401(K) PROFIT-SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FULLFORD ELECTRIC, INC. 401(K) PROFIT-SHARING PLAN AND TRUST

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