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) (2024) 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 2024

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

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$20.7M

+19.3% from 2023

Total participants

-2.9% from 2023

Average account balance

$314,244

+22.9% from 2023

Annual return

21.31%

+8.31 pp from 2023

Benchmarks

See 10,668 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,668 peers

Snapshot2024

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 codes2F2G2J2T2E3D

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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$23389 / participant

Other / not subdivided$1M100.0%

% of EOY assets

5.977%

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

$314,244

$58,258+439.4%

$81,820+284.1%

$80,925+288.3%

Participation rate

100.0%

63.5%+36.5pp

72.4%+27.6pp

67.7%+32.3pp

Annual return

21.31%

41.76%-20.5pp

777.93%-756.6pp

35.65%-14.3pp

Employer contribution / active EE

$7,520

$2,345+220.6%

$2,915+158.0%

$2,756+172.8%

Participant deferral / active EE

$9,073

$3,284+176.3%

$4,323+109.9%

$4,299+111.1%

Admin fee / account holder

$18,782

$4,976+277.4%

$7,391+154.1%

$6,940+170.6%

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