Retirement plan

PACIFIC RIM MECHANICAL CONTRACTORS, INC. 401(K) PLAN

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

PACIFIC RIM MECHANICAL CONTRACTORS, INC.EIN 03-0489033Plan #001PY 2024

9125 REHCO ROAD - SAN DIEGO, CA 92121858-974-6500prmech.comLinkedIn501-1000 employeesconstruction

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$80.3M

+18.0% from 2023

Total participants

1,147

+13.2% from 2023

Average account balance

$72,622

+6.6% from 2023

Annual return

13.34%

-1.41 pp from 2023

Benchmarks

See 1,565 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,565 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$80.32M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

1,106

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.

94.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$291

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE CO OF AME Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$107,590
CREATIVE PLANNING LLC3 years Service code 27 5440 W 110TH ST, STE 102 · OVERLAND PARK, KS 66211	Advisory (Plan)	$102,135
ECONOMIC GROUP PENSION SERVICES3 years Service code 13 217 WESTERN AMERICA CIRCLE, STE 500 · MOBILE, AL 36609	Contract Administrator	$6,150

Plan features & details

Pension benefit codes2E2J2K2F2G3D2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$322K

$405 / participant

Recordkeeping$220K68.2%
Investment mgmt$102K31.8%

% of EOY assets

0.400%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: ALDRICH CPAS AND ADVISORS LLP
Auditor EIN: 930623286
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,622

$82,917-12.4%

$103,333-29.7%

$77,643-6.5%

Participation rate

94.8%

71.6%+23.3pp

74.5%+20.3pp

70.6%+24.3pp

Annual return

13.34%

19.13%-5.8pp

24.88%-11.5pp

31.24%-17.9pp

Employer contribution / active EE

$2,279

$3,552-35.8%

$3,868-41.1%

$2,726-16.4%

Participant deferral / active EE

$6,288

$4,108+53.1%

$5,057+24.3%

$4,647+35.3%

Admin fee / account holder

$291

$638-54.4%

$8,355-96.5%

$430-32.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE CO OF AME

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$107,590

CREATIVE PLANNING LLC3 years

Service code 27

5440 W 110TH ST, STE 102 · OVERLAND PARK, KS 66211

Advisory (Plan)

$102,135

ECONOMIC GROUP PENSION SERVICES3 years

Service code 13

217 WESTERN AMERICA CIRCLE, STE 500 · MOBILE, AL 36609

Contract Administrator

$6,150

PACIFIC RIM MECHANICAL CONTRACTORS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACIFIC RIM MECHANICAL CONTRACTORS, INC. 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