Retirement plan

ACTION AIR SYSTEMS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: ACTION AIR SYSTEMS, INC. - ACTION AIR SYSTEMS, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2023) Form 5500
Creator: ACTION AIR SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACTION AIR SYSTEMS, INC. EMPLOYEE STOCK OWNERSHIP PLAN, ACTION AIR SYSTEMS, INC.

ACTION AIR SYSTEMS, INC.EIN 06-1195055Plan #002PY 2023

131 ADAMS STREET - MANCHESTER, CT 06042860-645-8838actionairsystems.comLinkedIn11-50 employeesindividual & family services

Other plans on this EIN

1 filing

#001Retirement-$5.0M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.4M

+19.6% from 2022

Total participants

+2.4% from 2022

Average account balance

$34,324

+16.7% from 2022

Annual return

2.35%

-384.15 pp from 2022

Benchmarks

See 18,032 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,032 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.95M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

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

+212.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$579

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 codes2P2Q3I

Plan features

2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

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

$43K

$1443 / participant

Other / not subdivided$43K100.0%

% of EOY assets

3.075%

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

$34,324

$73,988-53.6%

$96,538-64.4%

$75,177-54.3%

Participation rate

96.7%

66.4%+30.2pp

74.3%+22.3pp

67.2%+29.5pp

Annual return

2.35%

26.73%-24.4pp

35.74%-33.4pp

160.75%-158.4pp

Employer contribution / active EE

$6,805

$2,930+132.2%

$3,740+81.9%

$2,671+154.8%

Participant deferral / active EE

$3,660-100.0%

$4,880-100.0%

$4,126-100.0%

Admin fee / account holder

$1,056

$5,220-79.8%

$6,737-84.3%

$5,651-81.3%

ACTION AIR SYSTEMS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACTION AIR SYSTEMS, INC. EMPLOYEE STOCK OWNERSHIP 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