Retirement plan

AAA REFRIGERATION SERVICE, INC. 401(K) PLAN

Name: AAA REFRIGERATION SERVICE, INC. - AAA REFRIGERATION SERVICE, INC. 401(K) PLAN (2020) Form 5500
Creator: AAA REFRIGERATION SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AAA REFRIGERATION SERVICE, INC. 401(K) PLAN, AAA REFRIGERATION SERVICE, INC.

AAA REFRIGERATION SERVICE, INC.EIN 13-1694710Plan #002PY 2020

1804 NEREID AVENUE - BRONX, NY 10466718-324-2231aaarefrig.comLinkedIn51-200 employeesfacilities services

Other plans on this EIN

1 filing

#001Retirement-$14.2M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$5.8M

+10.8% from 2019

Total participants

160

+2.6% from 2019

Average account balance

$88,733

+2.3% from 2019

Annual return

14.78%

-6.04 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.54M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

43.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$669K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7225

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

Top 5 by compensation

Provider	Service type	Compensation
AMERIPRISE FINANCIAL SERVICES INC2 years Filed as: AMERIPRISE FINANCIAL SERVICES, INC. Service code 55	Other Commissions	$12,719
GALLEROS KOH LLP2 years Filed as: GALLEROS-KOH ACCOUNTS Service code 10 · EIN 27-3263553	Accounting	$7,850
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS INST. OPRT. Service code 37 · EIN 04-2647783	Loan Processing	$5,027
ALLIANCE PENSION CONSULTANTS, LLC2 years Filed as: ALLIANT INSURANCE SERVICES, INC. Service code 15 · EIN 33-0785439	Recordkeeping	$4,580
LEAFHOUSE FINANCIAL ADVISORS, LLC2 years Filed as: LEAFHOUSE Service code 26 · EIN 26-4311657	Advisory (Participants)	$1,157

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

$19K

$123 / participant

Other / not subdivided$19K100.0%

% of EOY assets

0.323%

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: GALLEROS ROBINSON CPAS, LLP
Auditor EIN: 273263553
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,733

$66,124+34.2%

$90,461-1.9%

$73,497+20.7%

Participation rate

37.1%

69.7%-32.6pp

72.7%-35.6pp

70.7%-33.6pp

Annual return

14.78%

17.65%-2.9pp

1294.76%-1280.0pp

28.51%-13.7pp

Employer contribution / active EE

$2,346-100.0%

$3,264-100.0%

$2,270-100.0%

Participant deferral / active EE

$2,972

$3,039-2.2%

$3,964-25.0%

$3,740-20.5%

Admin fee / account holder

$286

$396-27.7%

$5,617-94.9%

$513-44.2%

Provider

Service type

Compensation

AMERIPRISE FINANCIAL SERVICES INC2 years

Filed as: AMERIPRISE FINANCIAL SERVICES, INC.

Service code 55

Other Commissions

$12,719

GALLEROS KOH LLP2 years

Filed as: GALLEROS-KOH ACCOUNTS

Service code 10 · EIN 27-3263553

Accounting

$7,850

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS INST. OPRT.

Service code 37 · EIN 04-2647783

Loan Processing

$5,027

ALLIANCE PENSION CONSULTANTS, LLC2 years

Filed as: ALLIANT INSURANCE SERVICES, INC.

Service code 15 · EIN 33-0785439

Recordkeeping

$4,580

LEAFHOUSE FINANCIAL ADVISORS, LLC2 years

Filed as: LEAFHOUSE

Service code 26 · EIN 26-4311657

Advisory (Participants)

$1,157

AAA REFRIGERATION SERVICE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AAA REFRIGERATION SERVICE, 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