Retirement plan

401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF ALLEN TEL PRODUCTS, INC.

Name: ALLEN TEL PRODUCTS, INC. - 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF ALLEN TEL PRODUCTS, INC. (2024) Form 5500
Creator: ALLEN TEL PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF ALLEN TEL PRODUCTS, INC., ALLEN TEL PRODUCTS, INC.

ALLEN TEL PRODUCTS, INC.EIN 95-2122103Plan #002PY 2024

30 TV 5 DR - HENDERSON, NV 890142332702-855-5700allentel.comLinkedIn1-10 employeeselectrical/electronic manufacturing

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7.1M

+10.5% from 2023

Total participants

+8.1% from 2023

Average account balance

$197,218

+4.4% from 2023

Annual return

9.50%

-3.24 pp from 2023

Benchmarks

See 3,221 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,221 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.10M

Not enough data

1 years with asset history on file

Average account balance

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

$197K

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.

105.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$370K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+9.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9415

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 codes2F2G2T

Plan features

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.
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

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

$339K

$9968 / participant

Other / not subdivided$339K100.0%

% of EOY assets

4.774%

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

$197,218

$77,472+154.6%

$100,392+96.4%

$80,935+143.7%

Participation rate

88.2%

76.9%+11.3pp

81.5%+6.7pp

67.7%+20.6pp

Annual return

9.50%

37.26%-27.8pp

49.45%-39.9pp

35.66%-26.2pp

Employer contribution / active EE

$2,897

$2,800+3.4%

$3,941-26.5%

$2,757+5.1%

Participant deferral / active EE

$7,989

$6,818+17.2%

$8,090-1.2%

$4,299+85.8%

Admin fee / account holder

$9,415

$5,885+60.0%

$7,904+19.1%

$6,924+36.0%

401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF ALLEN TEL PRODUCTS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF ALLEN TEL PRODUCTS, INC.

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