Retirement plan

FLUIDMASTER, INC. SAVINGS PLAN

Name: FLUIDMASTER, INC. - FLUIDMASTER, INC. SAVINGS PLAN (2024) Form 5500
Creator: FLUIDMASTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLUIDMASTER, INC. SAVINGS PLAN, FLUIDMASTER, INC.

FLUIDMASTER, INC.EIN 95-1942465Plan #003PY 2024

30800 RANCHO VIEJO ROAD - SAN JUAN CAPISTRANO, CA 92675949-728-2300fluidmaster.comLinkedIn1001-5000 employeesconsumer goods

Prospect flagsLow returnsHigh feesHigh assets / participant

Top hat statement on fileNQDC

Filed December 14, 2020 (most recent of 3 filings on file)

Plan administrator

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30800 Rancho Viejo Road

San Juan Capistrano, CA 92675

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Plans declared (1)

Fluidmaster, Inc. Long-Term Incentive Plan19 emp

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Total assets (EOY)

$53.2M

+8.3% from 2023

Total participants

199

-4.8% from 2023

Average account balance

$274,202

+14.5% from 2023

Annual return

11.01%

-2.43 pp from 2023

Benchmarks

See 4,099 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,099 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$53.20M

Not enough data

1 years with asset history on file

Average account balance

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

$274K

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.

194

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.

96.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+11.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$575

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 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD RAOD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$106,801
MARCUM LLP2 years Service code 10 155 S MAIN STREET · PROVIDENCE, RI 02903	Accounting	$22,150
CPS BENEFITS4 years Filed as: CPS EMPLOYER BENEFITS INS SOLUTIONS Service code 27 · EIN 20-8421265	Advisory (Plan)	$15,233
ASCENSUS LLC2 years Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPLA Service code 13 101 W BROADWAY STE 1420 · SAN DIEGO, CA 92101	Contract Administrator	$13,505
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$6,873
ASCENSUS LLC2 years Filed as: ASCENSUS INC Service code 99	Other Fees	$6,684
ASCENSUS LLC2 years Filed as: ASCENSUS Service code 99 1102 CHESTNUT HILLS PARKWAY · FORT WAYNE, IN 46814	Other Fees	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

3 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.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$112K

$839 / participant

Investment mgmt$112K100.0%

% of EOY assets

0.210%

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: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$274,202

$79,223+246.1%

$102,460+167.6%

$74,478+268.2%

Participation rate

96.2%

74.8%+21.5pp

76.5%+19.7pp

67.2%+29.0pp

Annual return

11.01%

54.98%-44.0pp

29.47%-18.5pp

1370.56%-1359.6pp

Employer contribution / active EE

$12,394

$2,363+424.5%

$3,025+309.7%

$2,626+371.9%

Participant deferral / active EE

$12,655

$4,417+186.5%

$5,056+150.3%

$4,350+190.9%

Admin fee / account holder

$575

$2,003-71.3%

$9,460-93.9%

$1,946-70.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD RAOD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$106,801

MARCUM LLP2 years

Service code 10

155 S MAIN STREET · PROVIDENCE, RI 02903

Accounting

$22,150

CPS BENEFITS4 years

Filed as: CPS EMPLOYER BENEFITS INS SOLUTIONS

Service code 27 · EIN 20-8421265

Advisory (Plan)

$15,233

ASCENSUS LLC2 years

Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPLA

Service code 13

101 W BROADWAY STE 1420 · SAN DIEGO, CA 92101

Contract Administrator

$13,505

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$6,873

ASCENSUS LLC2 years

Filed as: ASCENSUS INC

Service code 99

Other Fees

$6,684

ASCENSUS LLC2 years

Filed as: ASCENSUS

Service code 99

1102 CHESTNUT HILLS PARKWAY · FORT WAYNE, IN 46814

Other Fees

FLUIDMASTER, INC. SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLUIDMASTER, INC. SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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