Retirement plan

PRECISION-AIRE, INC. 401(K) PLAN

Name: PRECISION AIRE, INC. - PRECISION-AIRE, INC. 401(K) PLAN (2020) 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 2020

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

Other plans on this EIN

1 filing

#003Retirement-$74K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.3M

+20.6% from 2019

Total participants

0.0% from 2019

Average account balance

$91,587

+20.6% from 2019

Annual return

12.15%

-4.46 pp from 2019

Benchmarks

See 42,050 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort42,050 peers

Snapshot2020

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

$33K

$4184 / participant

Other / not subdivided$33K100.0%

% of EOY assets

2.610%

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

$91,587

$115,780-20.9%

$101,255-9.5%

$158,931-42.4%

Participation rate

75.0%

79.4%-4.4pp

75.8%-0.8pp

82.0%-7.0pp

Annual return

12.15%

56.14%-44.0pp

46.48%-34.3pp

302.86%-290.7pp

Employer contribution / active EE

$2,957

$4,175-29.2%

$3,660-19.2%

$4,761-37.9%

Participant deferral / active EE

$11,828

$4,958+138.6%

$4,370+170.6%

$5,982+97.7%

Admin fee / account holder

$2,391

$7,246-67.0%

$5,946-59.8%

$11,247-78.7%

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