Retirement plan

ENVIRONMENTAL SYSTEMS, INC. PROFIT SHARING PLAN

Name: ENVIRONMENTAL SYSTEMS, INC. - ENVIRONMENTAL SYSTEMS, INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: ENVIRONMENTAL SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENVIRONMENTAL SYSTEMS, INC. PROFIT SHARING PLAN, ENVIRONMENTAL SYSTEMS, INC.

ENVIRONMENTAL SYSTEMS, INC.EIN 04-2536592Plan #001PY 2024

130 DEVER DRIVE - TAUNTON, MA 02780508-226-6006esihvac.comLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$39.9M

+6.0% from 2023

Total participants

487

+8.5% from 2023

Average account balance

$91,404

+8.9% from 2023

Annual return

12.50%

-5.44 pp from 2023

Benchmarks

See 2,379 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,379 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.94M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

437

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.

85.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$434

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
PROFESSIONAL CAPITAL SERVICES, LLC10+ years Service code 12 · EIN 23-3038464	Contract Administrator; Recordkeeping...	$0

Plan features & details

Pension benefit codes2E2J2F2G3D2T

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

$190K

$561 / participant

Recordkeeping$52K27.5%
Contract admin$125K65.8%
Other / not subdivided$13K6.7%

% of EOY assets

0.475%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DOWNEY & COMPANY
Auditor EIN: 043106302
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,404

$89,123+2.6%

$102,460-10.8%

$77,762+17.5%

Participation rate

85.2%

80.9%+4.3pp

76.5%+8.7pp

70.6%+14.6pp

Annual return

12.50%

25.05%-12.5pp

29.47%-17.0pp

31.27%-18.8pp

Employer contribution / active EE

$3,385

$2,700+25.4%

$3,025+11.9%

$2,728+24.1%

Participant deferral / active EE

$4,833

$5,148-6.1%

$5,056-4.4%

$4,651+3.9%

Admin fee / account holder

$434

$236+84.1%

$9,460-95.4%

$433+0.3%

Provider

Service type

Compensation

PROFESSIONAL CAPITAL SERVICES, LLC10+ years

Service code 12 · EIN 23-3038464

Contract Administrator; Recordkeeping...

ENVIRONMENTAL SYSTEMS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENVIRONMENTAL SYSTEMS, INC. PROFIT SHARING 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