Retirement plan

AIR COMPRESSOR ENGINEERING CO., INC. PROFIT SHARING PLAN AND EMPLOYEE 401(K)

Name: AIR COMPRESSOR ENGINEERING CO., INC. - AIR COMPRESSOR ENGINEERING CO., INC. PROFIT SHARING PLAN AND EMPLOYEE 401(K) (2016) Form 5500
Creator: AIR COMPRESSOR ENGINEERING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AIR COMPRESSOR ENGINEERING CO., INC. PROFIT SHARING PLAN AND EMPLOYEE 401(K), AIR COMPRESSOR ENGINEERING CO., INC.

AIR COMPRESSOR ENGINEERING CO., INC.EIN 04-2295963Plan #001PY 2016

P.O. BOX 738 - WESTFIELD, MA 010860738413-568-2884aircompressoreng.comLinkedIn51-200 employeesbusiness supplies and equipment

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.2M

No prior year

Total participants

No prior year

Average account balance

$167,470

No prior year

Annual return

6.45%

No prior year

Benchmarks

See 7,816 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort7,816 peers

Snapshot2016

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Analytics

Total assets (EOY)

Plan-year ending balance

$22.19M

Not enough data

1 years with asset history on file

Average account balance

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

$313K

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.

91.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+13.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$32705

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

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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 codes2E2F2G2J2T3D

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.
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

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

$440K

$7855 / participant

Other / not subdivided$440K100.0%

% of EOY assets

3.920%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$167,470

$48,076+248.3%

$78,689+112.8%

$62,891+166.3%

Participation rate

98.2%

65.2%+33.0pp

73.6%+24.7pp

69.3%+28.9pp

Annual return

6.45%

31.35%-24.9pp

62.18%-55.7pp

20.14%-13.7pp

Employer contribution / active EE

$4,018

$2,015+99.4%

$2,851+40.9%

$2,281+76.2%

Participant deferral / active EE

$5,245

$2,588+102.7%

$3,517+49.1%

$3,203+63.8%

Admin fee / account holder

$6,565

$3,207+104.7%

$4,510+45.6%

$4,296+52.8%

AIR COMPRESSOR ENGINEERING CO., INC. PROFIT SHARING PLAN AND EMPLOYEE 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AIR COMPRESSOR ENGINEERING CO., INC. PROFIT SHARING PLAN AND EMPLOYEE 401(K)

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