Retirement plan

PRECISION-AIRE, INC. 401(K) PLAN

Name: PRECISION AIRE, INC. - PRECISION-AIRE, INC. 401(K) PLAN (2019) Form 5500
Creator: PRECISION AIRE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRECISION-AIRE, INC. 401(K) PLAN, PRECISION AIRE, INC.

PRECISION AIRE, INC.EIN 11-2856496Plan #002PY 2019

2100-9 ARTIC AVE - BOHEMIA, NY 117162430516-563-8280precision-aire.comLinkedIn11-50 employeesmechanical or industrial engineering

Other plans on this EIN

1 filing

#003Retirement-$64K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.1M

-6.8% from 2018

Total participants

-23.8% from 2018

Average account balance

$75,962

-13.4% from 2018

Annual return

16.62%

+20.65 pp from 2018

Benchmarks

See 40,740 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort40,740 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.76M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

160.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$88K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$23672

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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

$412K

$45728 / participant

Other / not subdivided$412K100.0%

% of EOY assets

38.699%

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

$75,962

$107,341-29.2%

$92,897-18.2%

$152,870-50.3%

Participation rate

77.8%

79.8%-2.0pp

76.0%+1.8pp

82.4%-4.7pp

Annual return

16.62%

145.59%-129.0pp

109.42%-92.8pp

345.34%-328.7pp

Employer contribution / active EE

$2,897

$4,221-31.4%

$3,653-20.7%

$4,763-39.2%

Participant deferral / active EE

$12,926

$4,847+166.7%

$4,238+205.0%

$5,850+120.9%

Admin fee / account holder

$29,397

$7,080+315.2%

$5,794+407.3%

$11,597+153.5%

PRECISION-AIRE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRECISION-AIRE, 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