Retirement plan

CHUCKS HEATING & AIR CONDITIONING, INC. 401K PLAN

Name: CHUCKS HEATING & AIR CONDITIONING - CHUCKS HEATING & AIR CONDITIONING, INC. 401K PLAN (2024) Form 5500
Creator: CHUCKS HEATING & AIR CONDITIONING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHUCKS HEATING & AIR CONDITIONING, INC. 401K PLAN, CHUCKS HEATING & AIR CONDITIONING

CHUCKS HEATING & AIR CONDITIONINGEIN 03-0280898Plan #001PY 2024

PO BOX 53 - COLCHESTER, VT 054460053802-655-1489

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.3M

+28.2% from 2023

Total participants

-18.8% from 2023

Average account balance

$71,532

+56.1% from 2023

Annual return

18.91%

-1.72 pp from 2023

Benchmarks

See 18,526 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,526 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.29M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

78.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$275K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+18.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$783

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 codes2E2F2G2J3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$36K

$783 / participant

Other / not subdivided$36K100.0%

% of EOY assets

1.095%

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

$71,532

$81,504-12.2%

$102,437-30.2%

$80,959-11.6%

Participation rate

78.3%

66.9%+11.4pp

74.5%+3.8pp

67.7%+10.6pp

Annual return

18.91%

25.60%-6.7pp

24.95%-6.0pp

35.67%-16.8pp

Employer contribution / active EE

$2,274

$3,104-26.7%

$3,871-41.3%

$2,757-17.5%

Participant deferral / active EE

$3,699

$3,871-4.4%

$5,060-26.9%

$4,300-14.0%

Admin fee / account holder

$783

$6,719-88.3%

$8,388-90.7%

$6,925-88.7%

CHUCKS HEATING & AIR CONDITIONING, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHUCKS HEATING & AIR CONDITIONING, INC. 401K 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