Retirement plan

AIR DISTRIBUTION ENTERPRISES INC. 401(K) PLAN

Name: AIR DISTRIBUTION ENTERPRISES INC. - AIR DISTRIBUTION ENTERPRISES INC. 401(K) PLAN (2016) Form 5500
Creator: AIR DISTRIBUTION ENTERPRISES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AIR DISTRIBUTION ENTERPRISES INC. 401(K) PLAN, AIR DISTRIBUTION ENTERPRISES INC.

AIR DISTRIBUTION ENTERPRISES INC.EIN 11-2853894Plan #001PY 2016

19 WILBUR STREET - LYNBROOK, NY 11563516-256-4800LinkedIn1-10 employeesbuilding materials

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$10.4M

+17.5% from 2015

Total participants

132

+3.1% from 2015

Average account balance

$119,849

+12.1% from 2015

Annual return

9.00%

+8.16 pp from 2015

Benchmarks

See 2,366 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,366 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.60M

Not enough data

1 years with asset history on file

Average account balance

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

$198K

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.

119

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.

69.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.25M

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

+23.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$539

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 5 by compensation

Provider	Service type	Compensation
AMERICAN PORTFOLIOS FINANCIAL1 year Filed as: AMERICAN PORTFOLIOS FINACIAL SERVIC Service code 55	Other Commissions	$16,124
AMERICAN PORTFOLIOS FINANCIAL1 year Filed as: AMERICAN PORTFOLIOS ADVISORS, INC. Service code 27 4250 VETERANS MEMORIAL HWY · HOLBROOK, NY 11741	Advisory (Plan)	$12,195
UNITED BENEFIT PENSIONS INC.1 year Filed as: UNITED BENEFIT PENSIONS INC Service code 13 35 PINELAWN RD STE 103E · MELVILLE, NY 117473111	Contract Administrator	$7,920
AMERICAN FUNDS1 year Filed as: CAPITAL RESEARCH AND MANAGEMENT CO. Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$225
AMERICAN PORTFOLIOS FINANCIAL1 year Filed as: AMERICAN PORTFOLIOS FINANCIAL SERVI Service code 55 99 TULIP AVE STE 304 · FLORAL PARK, NY 110011974	Other Commissions	$0

Plan features & details

Pension benefit codes2E2G2J2K2T3D

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.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$5K

$40 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.047%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ROSS STRENT & COMPANY, LLP
Auditor EIN: 112780447
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$119,849

$63,924+87.5%

$108,582+10.4%

$55,167+117.2%

Participation rate

64.0%

74.3%-10.3pp

79.6%-15.6pp

69.0%-5.0pp

Annual return

9.00%

15.31%-6.3pp

-51.70%+60.7pp

169.23%-160.2pp

Employer contribution / active EE

$2,200

$1,879+17.1%

$3,758-41.5%

$1,963+12.1%

Participant deferral / active EE

$4,697

$3,067+53.2%

$4,311+9.0%

$3,054+53.8%

Admin fee / account holder

$57

$618-90.8%

$7,645-99.3%

$504-88.7%

Provider

Service type

Compensation

AMERICAN PORTFOLIOS FINANCIAL1 year

Filed as: AMERICAN PORTFOLIOS FINACIAL SERVIC

Service code 55

Other Commissions

$16,124

AMERICAN PORTFOLIOS FINANCIAL1 year

Filed as: AMERICAN PORTFOLIOS ADVISORS, INC.

Service code 27

4250 VETERANS MEMORIAL HWY · HOLBROOK, NY 11741

Advisory (Plan)

$12,195

UNITED BENEFIT PENSIONS INC.1 year

Filed as: UNITED BENEFIT PENSIONS INC

Service code 13

35 PINELAWN RD STE 103E · MELVILLE, NY 117473111

Contract Administrator

$7,920

AMERICAN FUNDS1 year

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO.

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$225

AMERICAN PORTFOLIOS FINANCIAL1 year

Filed as: AMERICAN PORTFOLIOS FINANCIAL SERVI

Service code 55

99 TULIP AVE STE 304 · FLORAL PARK, NY 110011974

Other Commissions

AIR DISTRIBUTION ENTERPRISES INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AIR DISTRIBUTION ENTERPRISES INC. 401(K) 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