Retirement plan

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

Name: AEROREPAIR CORP. - AEROREPAIR CORP. 401(K) PROFIT SHARING PLAN AND TRUST (2020) 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 2020

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

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$1.6M

+17.2% from 2019

Total participants

-17.1% from 2019

Average account balance

$31,620

+19.5% from 2019

Annual return

21.07%

-14.27 pp from 2019

Benchmarks

See 26,418 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,418 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.48M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

42.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$459K

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

+16.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2533

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
DOUGLAS & CO DBA GREAT WESTERN BANK2 years Filed as: DOUGLAS JOHNSON Service code 22 MML INVESTORS SERVICES · BEDFORD, NH 031106083	Insurance Broker	$1,618
THIRD PARTY ADMINISTRATORS, INC.2 years Service code 17 · EIN 15-0395735	Pension Consulting	$1,250
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Service code 15 · EIN 04-1590850	Recordkeeping	$1,102
DENNIS G. JENKINS, CPA,LLC2 years Filed as: DENNIS CHENNETTE Service code 22	Insurance Broker	$254
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Service code 28 · EIN 61-1732930	Investment Management	$1
DENNIS G. JENKINS, CPA,LLC2 years 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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$2K

$29 / participant

Contract admin$2K100.0%

% of EOY assets

0.145%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,620

$98,776-68.0%

$149,745-78.9%

$79,856-60.4%

Participation rate

43.9%

75.8%-31.9pp

82.5%-38.6pp

69.6%-25.7pp

Annual return

21.07%

27.38%-6.3pp

276.72%-255.6pp

31.71%-10.6pp

Employer contribution / active EE

$869

$3,217-73.0%

$4,646-81.3%

$2,471-64.9%

Participant deferral / active EE

$1,749

$5,681-69.2%

$6,843-74.4%

$3,741-53.3%

Admin fee / account holder

$46

$6,053-99.2%

$9,312-99.5%

$5,306-99.1%

Provider

Service type

Compensation

DOUGLAS & CO DBA GREAT WESTERN BANK2 years

Filed as: DOUGLAS JOHNSON

Service code 22

MML INVESTORS SERVICES · BEDFORD, NH 031106083

Insurance Broker

$1,618

THIRD PARTY ADMINISTRATORS, INC.2 years

Service code 17 · EIN 15-0395735

Pension Consulting

$1,250

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Service code 15 · EIN 04-1590850

Recordkeeping

$1,102

DENNIS G. JENKINS, CPA,LLC2 years

Filed as: DENNIS CHENNETTE

Service code 22

Insurance Broker

$254

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Service code 28 · EIN 61-1732930

Investment Management

DENNIS G. JENKINS, CPA,LLC2 years

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