Retirement plan

ALBINI FUNERAL HOME, INC. 401(K) PROFIT SHARING PLAN

Name: ALBINI FUNERAL HOME, INC. - ALBINI FUNERAL HOME, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: ALBINI FUNERAL HOME, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALBINI FUNERAL HOME, INC. 401(K) PROFIT SHARING PLAN, ALBINI FUNERAL HOME, INC.

ALBINI FUNERAL HOME, INC.EIN 06-0740921Plan #002PY 2020

430 CHASE PARKWAY - WATERBURY, CT 06708203-574-1313

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.2M

+14.6% from 2019

Total participants

+30.0% from 2019

Average account balance

$115,699

+14.6% from 2019

Annual return

3.27%

-1.27 pp from 2019

Benchmarks

See 36,192 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,192 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.33M

Not enough data

1 years with asset history on file

Average account balance

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

$259K

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.

75.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$149K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

$6K

$579 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.500%

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

$115,699

$100,938+14.6%

$90,461+27.9%

$158,982-27.2%

Participation rate

70.0%

75.0%-5.0pp

72.7%-2.7pp

82.0%-12.0pp

Annual return

3.27%

1727.20%-1723.9pp

1294.76%-1291.5pp

302.99%-299.7pp

Employer contribution / active EE

$3,922

$3,691+6.2%

$3,264+20.2%

$4,763-17.7%

Participant deferral / active EE

$8,128

$4,350+86.9%

$3,964+105.0%

$5,983+35.8%

Admin fee / account holder

$579

$6,510-91.1%

$5,617-89.7%

$11,252-94.9%

ALBINI FUNERAL HOME, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALBINI FUNERAL HOME, INC. 401(K) 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