Retirement plan

JNS HEATING SERVICE 401(K) PROFIT SHARING PLAN

Name: JNS HEATING SERVICE - JNS HEATING SERVICE 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: JNS HEATING SERVICE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JNS HEATING SERVICE 401(K) PROFIT SHARING PLAN, JNS HEATING SERVICE

JNS HEATING SERVICEEIN 11-2769876Plan #001PY 2023

100 REMINGTON BLVD. - RONKONKOMA, NY 11779631-585-4508LinkedIn1-10 employeesconstruction

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$8.7M

-0.2% from 2022

Total participants

-7.5% from 2022

Average account balance

$242,536

+10.9% from 2022

Annual return

11.54%

+21.37 pp from 2022

Benchmarks

See 1,740 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,740 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.01M

Not enough data

1 years with asset history on file

Average account balance

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

$250K

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.

171.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$511K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+9.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$30537

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 codes3D2E2F2G2J

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.
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

$1.4M

$68648 / participant

Other / not subdivided$1M100.0%

% of EOY assets

16.511%

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

$242,536

$94,766+155.9%

$112,923+114.8%

$139,487+73.9%

Participation rate

95.2%

81.3%+13.9pp

80.5%+14.7pp

80.3%+14.9pp

Annual return

11.54%

40.96%-29.4pp

34.13%-22.6pp

373.84%-362.3pp

Employer contribution / active EE

$10,071

$4,636+117.2%

$4,570+120.4%

$4,755+111.8%

Participant deferral / active EE

$9,701

$6,523+48.7%

$6,520+48.8%

$6,713+44.5%

Admin fee / account holder

$40,045

$8,529+369.5%

$7,046+468.3%

$11,407+251.0%

JNS HEATING SERVICE 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JNS HEATING SERVICE 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