Retirement plan

CENTURY ELEVATOR 401(K) PROFIT SHARING PLAN

Name: CENTURY ELEVATOR MAINTENANCE CORPORATION - CENTURY ELEVATOR 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: CENTURY ELEVATOR MAINTENANCE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTURY ELEVATOR 401(K) PROFIT SHARING PLAN, CENTURY ELEVATOR MAINTENANCE CORPORATION

CENTURY ELEVATOR MAINTENANCE CORPORATIONEIN 13-2863871Plan #001PY 2020

25-25 49TH STREET - LONG ISLAND CITY, NY 111031120718-937-6200centuryelevator.comLinkedIn1-10 employeesconsumer services

Other plans on this EIN

2 filings

#003Retirement-$1.5M assets #002Retirement-$486K assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$3M

+2.4% from 2019

Total participants

0.0% from 2019

Average account balance

$143,204

+2.4% from 2019

Annual return

13.69%

-4.33 pp from 2019

Benchmarks

See 36,228 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,228 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.13M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

110.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$116K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2323

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$461K

$23039 / participant

Other / not subdivided$461K100.0%

% of EOY assets

15.322%

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

$143,204

$100,895+41.9%

$90,430+58.4%

$158,950-9.9%

Participation rate

70.0%

75.0%-5.0pp

72.7%-2.7pp

82.0%-12.0pp

Annual return

13.69%

1725.54%-1711.9pp

1293.73%-1280.0pp

302.91%-289.2pp

Employer contribution / active EE

$3,689-100.0%

$3,262-100.0%

$4,762-100.0%

Participant deferral / active EE

$6,024

$4,347+38.6%

$3,963+52.0%

$5,983+0.7%

Admin fee / account holder

$21,942

$6,505+237.3%

$5,613+290.9%

$11,248+95.1%

CENTURY ELEVATOR 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTURY ELEVATOR 401(K) PROFIT SHARING 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