Retirement plan

SOUND REFRIGERATION & AIR CONDITIONING INC. 401(K)

Name: SOUND REFRIGERATION & AIR CONDITIONING INC - SOUND REFRIGERATION & AIR CONDITIONING INC. 401(K) (2016) Form 5500
Creator: SOUND REFRIGERATION & AIR CONDITIONING INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUND REFRIGERATION & AIR CONDITIONING INC. 401(K), SOUND REFRIGERATION & AIR CONDITIONING INC

SOUND REFRIGERATION & AIR CONDITIONING INCEIN 13-1844141Plan #003PY 2016

58 OLD STEWART AVE - GARDEN CITY, NY 11040516-747-5678

Other plans on this EIN

1 filing

#002Retirement-$6.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.3M

+14.2% from 2015

Total participants

-1.2% from 2015

Average account balance

$121,285

+15.5% from 2015

Annual return

5.60%

+6.66 pp from 2015

Benchmarks

See 13,704 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort13,704 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.99M

Not enough data

1 years with asset history on file

Average account balance

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

$222K

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.

143.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$647K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+15.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$91320

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 codes2E2F2G2J

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.

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

$353K

$5188 / participant

Other / not subdivided$353K100.0%

% of EOY assets

3.422%

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

$121,285

$56,894+113.2%

$84,753+43.1%

$62,881+92.9%

Participation rate

100.0%

68.5%+31.5pp

76.6%+23.4pp

69.3%+30.7pp

Annual return

5.60%

6.30%-0.7pp

22.78%-17.2pp

20.14%-14.5pp

Employer contribution / active EE

$2,546

$2,400+6.1%

$3,574-28.8%

$2,281+11.6%

Participant deferral / active EE

$13,684

$2,709+405.1%

$3,712+268.7%

$3,203+327.2%

Admin fee / account holder

$4,150

$3,581+15.9%

$5,333-22.2%

$4,296-3.4%

SOUND REFRIGERATION & AIR CONDITIONING INC. 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUND REFRIGERATION & AIR CONDITIONING INC. 401(K)

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