Retirement plan

ABM MECHANICAL, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

Name: ABM MECHANICAL, INC. - ABM MECHANICAL, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN (2024) Form 5500
Creator: ABM MECHANICAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABM MECHANICAL, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN, ABM MECHANICAL, INC.

ABM MECHANICAL, INC.EIN 01-0501826Plan #003PY 2024

33 DOWD ROAD, UNIT #1 - BANGOR, ME 04401207-992-9250abmmechanical.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$48M

+45.3% from 2023

Total participants

199

+9.9% from 2023

Average account balance

$294,661

+27.4% from 2023

Annual return

46.92%

+12.70 pp from 2023

Benchmarks

See 3,444 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,444 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$48.03M

Not enough data

1 years with asset history on file

Average account balance

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

$295K

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.

163

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.

78.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$830K

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

+46.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$227

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 2 by compensation

Provider	Service type	Compensation
VALMARK ADVISERS INC3 years Filed as: VALMARK ADVISORS, INC Service code 27 130 SPRINGSIDE DRIVE · AKRON, OH 44333	Advisory (Plan)	$24,832
THE VANGUARD GROUP, INC.3 years Filed as: THE VANGUARD GROUP,INC Service code 15 · EIN 23-1945930	Recordkeeping	$12,210

Plan features & details

Pension benefit codes2P2Q3I2E2J2K2F2H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$37K

$223 / participant

Recordkeeping$12K33.0%
Investment mgmt$25K67.0%

% of EOY assets

0.077%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LAUREN COREY CONSULTING, LLC
Auditor EIN: 472806175
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$294,661

$80,781+264.8%

$102,437+187.7%

$74,478+295.6%

Participation rate

78.3%

65.7%+12.6pp

74.5%+3.8pp

67.2%+11.1pp

Annual return

46.92%

27.58%+19.3pp

24.95%+22.0pp

1370.56%-1323.6pp

Employer contribution / active EE

$1,845

$3,160-41.6%

$3,871-52.3%

$2,626-29.8%

Participant deferral / active EE

$3,155

$3,862-18.3%

$5,060-37.6%

$4,350-27.5%

Admin fee / account holder

$227

$2,372-90.4%

$8,388-97.3%

$1,946-88.3%

Provider

Service type

Compensation

VALMARK ADVISERS INC3 years

Filed as: VALMARK ADVISORS, INC

Service code 27

130 SPRINGSIDE DRIVE · AKRON, OH 44333

Advisory (Plan)

$24,832

THE VANGUARD GROUP, INC.3 years

Filed as: THE VANGUARD GROUP,INC

Service code 15 · EIN 23-1945930

Recordkeeping

$12,210

ABM MECHANICAL, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABM MECHANICAL, INC. EMPLOYEE STOCK OWNERSHIP 401(K) 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