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) (2022) 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 2022

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)

$15.6M

-12.2% from 2021

Total participants

+7.8% from 2021

Average account balance

$228,870

-17.3% from 2021

Annual return

-16.20%

-40.28 pp from 2021

Benchmarks

See 9,366 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,366 peers

Snapshot2022

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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 codes3D2F2G2J2T2E

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

$82K

$1488 / participant

Other / not subdivided$82K100.0%

% of EOY assets

0.526%

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

$228,870

$54,350+321.1%

$82,719+176.7%

$68,494+234.1%

Participation rate

98.2%

63.9%+34.3pp

72.6%+25.6pp

67.9%+30.3pp

Annual return

-16.20%

-13.67%-2.5pp

701.18%-717.4pp

-7.84%-8.4pp

Employer contribution / active EE

$7,273

$2,218+227.9%

$3,009+141.7%

$2,596+180.1%

Participant deferral / active EE

$7,103

$3,246+118.8%

$4,395+61.6%

$4,027+76.4%

Admin fee / account holder

$1,204

$4,395-72.6%

$5,329-77.4%

$5,403-77.7%

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