Retirement plan

ENVIRONMENTAL SYSTEMS, INC. PROFIT SHARING PLAN

Name: ENVIRONMENTAL SYSTEMS, INC. - ENVIRONMENTAL SYSTEMS, INC. PROFIT SHARING PLAN (2023) 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 2023

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)

$37.7M

+24.7% from 2022

Total participants

449

+27.9% from 2022

Average account balance

$83,909

-2.5% from 2022

Annual return

17.95%

+35.28 pp from 2022

Benchmarks

See 2,423 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,423 peers

Snapshot2023

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, LLC9+ years Service code 12 · EIN 23-3038464	Consulting (general); Participant loa...	$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

$152K

$489 / participant

Contract admin$152K100.0%

% of EOY assets

0.402%

all-in expense ratio

Categories reported

1 / 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

$83,909

$99,168-15.4%

$96,534-13.1%

$74,460+12.7%

Participation rate

100.0%

80.7%+19.3pp

76.0%+24.0pp

70.7%+29.3pp

Annual return

17.95%

22.40%-4.5pp

25.88%-7.9pp

34.38%-16.4pp

Employer contribution / active EE

$5,604

$2,570+118.1%

$2,965+89.0%

$2,638+112.4%

Participant deferral / active EE

$4,232

$4,936-14.3%

$4,851-12.8%

$4,530-6.6%

Admin fee / account holder

$337

$225+50.1%

$8,253-95.9%

$348-3.0%

Provider

Service type

Compensation

PROFESSIONAL CAPITAL SERVICES, LLC9+ years

Service code 12 · EIN 23-3038464

Consulting (general); Participant loa...

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