Retirement plan

THE ENERGY CONSERVATION GROUP 401(K) PROFIT SHARING PLAN AND T

Name: THE ENERGY CONSERVATION GROUP - THE ENERGY CONSERVATION GROUP 401(K) PROFIT SHARING PLAN AND T (2022) Form 5500
Creator: THE ENERGY CONSERVATION GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE ENERGY CONSERVATION GROUP 401(K) PROFIT SHARING PLAN AND T, THE ENERGY CONSERVATION GROUP

THE ENERGY CONSERVATION GROUPEIN 11-3333177Plan #003PY 2022

11902 23RD AVENUE - COLLEGE POINT, NY 11356718-353-7000

Other plans on this EIN

1 filing

#002Retirement-$6.8M assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$128K

-22.4% from 2021

Total participants

-27.3% from 2021

Average account balance

$31,891

-3.0% from 2021

Annual return

-18.44%

-27.09 pp from 2021

Benchmarks

See 9,014 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort9,014 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$198K

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+9.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3804

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 codes2E2F2G2J2T3D

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.
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

2 tripped

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

$46K

$5698 / participant

Other / not subdivided$46K100.0%

% of EOY assets

35.733%

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

$31,891

$106,557-70.1%

$91,227-65.0%

$134,545-76.3%

Participation rate

50.0%

76.8%-26.8pp

73.2%-23.2pp

81.2%-31.2pp

Annual return

-18.44%

160.81%-179.3pp

114.14%-132.6pp

418.37%-436.8pp

Employer contribution / active EE

$3,332-100.0%

$2,851-100.0%

$4,742-100.0%

Participant deferral / active EE

$4,854

$4,719+2.9%

$4,234+14.7%

$6,401-24.2%

Admin fee / account holder

$11,396

$6,235+82.8%

$5,423+110.1%

$11,431-0.3%

THE ENERGY CONSERVATION GROUP 401(K) PROFIT SHARING PLAN AND T

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ENERGY CONSERVATION GROUP 401(K) PROFIT SHARING PLAN AND T

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