Retirement plan

AEROREPAIR CORP. 401(K) PROFIT SHARING PLAN AND TRUST

Name: AEROREPAIR CORP. - AEROREPAIR CORP. 401(K) PROFIT SHARING PLAN AND TRUST (2019) Form 5500
Creator: AEROREPAIR CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AEROREPAIR CORP. 401(K) PROFIT SHARING PLAN AND TRUST, AEROREPAIR CORP.

AEROREPAIR CORP.EIN 02-0472860Plan #001PY 2019

14 TINKER AVE. - LONDONDERRY, NH 03053603-836-3081aerorepaircorp.comLinkedIn51-200 employeesairlines/aviation

Prospect flagsLow participationLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.4M

+48.9% from 2018

Total participants

117

-4.1% from 2018

Average account balance

$26,462

+63.2% from 2018

Annual return

35.35%

+30.58 pp from 2018

Benchmarks

See 5,552 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,552 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.47M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

42.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$670K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3111

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

Top 6 by compensation

Provider	Service type	Compensation
THIRD PARTY ADMINISTRATORS, INC.1 year Service code 17 · EIN 15-0395735	Pension Consulting	$2,060
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Service code 15 · EIN 04-1590850	Recordkeeping	$1,848
DOUGLAS & CO DBA GREAT WESTERN BANK1 year Filed as: DOUGLAS JOHNSON Service code 22 MML INVESTORS SERVICES · BEDFORD, NH 031106083	Insurance Broker	$235
DENNIS G. JENKINS, CPA,LLC1 year Filed as: DENNIS CHENNETTE Service code 22	Insurance Broker	$131
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 28 · EIN 61-1732930	Investment Management	$1
DENNIS G. JENKINS, CPA,LLC1 year Filed as: DENNIS CHENETTE Service code 22 43 CONSTITUTION DR. STE 201 · BEDFORD, NH 031106083	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$4K

$40 / participant

Contract admin$4K100.0%

% of EOY assets

0.307%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HW&CO.
Auditor EIN: 341663157
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,462

$89,652-70.5%

$141,191-81.3%

$65,185-59.4%

Participation rate

38.7%

74.7%-36.0pp

82.5%-43.8pp

70.2%-31.5pp

Annual return

35.35%

32.79%+2.6pp

71.41%-36.1pp

29.38%+6.0pp

Employer contribution / active EE

$756

$3,065-75.3%

$4,736-84.0%

$2,177-65.3%

Participant deferral / active EE

$1,621

$5,691-71.5%

$6,710-75.8%

$3,514-53.9%

Admin fee / account holder

$81

$569-85.7%

$10,264-99.2%

$847-90.4%

Provider

Service type

Compensation

THIRD PARTY ADMINISTRATORS, INC.1 year

Service code 17 · EIN 15-0395735

Pension Consulting

$2,060

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Service code 15 · EIN 04-1590850

Recordkeeping

$1,848

DOUGLAS & CO DBA GREAT WESTERN BANK1 year

Filed as: DOUGLAS JOHNSON

Service code 22

MML INVESTORS SERVICES · BEDFORD, NH 031106083

Insurance Broker

$235

DENNIS G. JENKINS, CPA,LLC1 year

Filed as: DENNIS CHENNETTE

Service code 22

Insurance Broker

$131

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 28 · EIN 61-1732930

Investment Management

DENNIS G. JENKINS, CPA,LLC1 year

Filed as: DENNIS CHENETTE

Service code 22

43 CONSTITUTION DR. STE 201 · BEDFORD, NH 031106083

Insurance Broker

AEROREPAIR CORP. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AEROREPAIR CORP. 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