Retirement plan

APPLIED PHYSICS SYSTEMS, INC. 401K PLAN

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

APPLIED PHYSICS SYSTEMS, INC.EIN 94-2523168Plan #001PY 2024

425 CLYDE AVE. - MOUNTAIN VIEW, CA 94043650-316-4010appliedphysics.comLinkedIn51-200 employeesoil & energy

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$7.4M

-1.8% from 2023

Total participants

-12.9% from 2023

Average account balance

$100,089

+12.8% from 2023

Annual return

13.90%

-2.24 pp from 2023

Benchmarks

See 5,401 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,401 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.41M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

148.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$641K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+13.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24810

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 codes2E2F2G2J3D

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.
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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$1.8M

$36718 / participant

Other / not subdivided$2M100.0%

% of EOY assets

24.788%

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

$100,089

$87,060+15.0%

$105,591-5.2%

$80,911+23.7%

Participation rate

100.0%

70.4%+29.6pp

75.3%+24.7pp

67.6%+32.4pp

Annual return

13.90%

17.05%-3.1pp

116.43%-102.5pp

35.63%-21.7pp

Employer contribution / active EE

$3,190

$2,396+33.1%

$3,166+0.8%

$2,756+15.8%

Participant deferral / active EE

$9,636

$3,986+141.7%

$5,008+92.4%

$4,297+124.2%

Admin fee / account holder

$24,810

$8,442+193.9%

$11,024+125.1%

$6,935+257.8%

APPLIED PHYSICS SYSTEMS, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

APPLIED PHYSICS SYSTEMS, INC. 401K 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