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) (2019) 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 2019

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$13.9M

+2.4% from 2018

Total participants

+5.9% from 2018

Average account balance

$201,801

-0.6% from 2018

Annual return

1.57%

-12.36 pp from 2018

Benchmarks

See 8,599 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,599 peers

Snapshot2019

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

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

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 codes2F2G2J2T3D2E

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$580K

$9504 / participant

Other / not subdivided$580K100.0%

% of EOY assets

4.164%

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

$201,801

$54,757+268.5%

$90,304+123.5%

$72,975+176.5%

Participation rate

95.1%

65.2%+29.9pp

73.3%+21.8pp

69.5%+25.6pp

Annual return

1.57%

30.63%-29.1pp

78.13%-76.6pp

81.01%-79.4pp

Employer contribution / active EE

$5,328

$2,093+154.5%

$2,855+86.6%

$2,440+118.3%

Participant deferral / active EE

$5,876

$2,887+103.5%

$3,885+51.2%

$3,608+62.9%

Admin fee / account holder

$8,402

$3,973+111.5%

$5,354+56.9%

$5,124+64.0%

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