Retirement plan

CENTURY ELEVATOR 401(K) PROFIT SHARING PLAN

Name: CENTURY ELEVATOR MAINTENANCE CORPORATION - CENTURY ELEVATOR 401(K) PROFIT SHARING PLAN (2024) 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 2024

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

Other plans on this EIN

2 filings

#003Retirement-$1.4M assets #002Retirement-$616K assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$2.7M

+13.9% from 2023

Total participants

0.0% from 2023

Average account balance

$127,068

-2.3% from 2023

Annual return

9.73%

-0.03 pp from 2023

Benchmarks

See 50,062 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort50,062 peers

Snapshot2024

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

$15K

$818 / participant

Other / not subdivided$15K100.0%

% of EOY assets

0.552%

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

$127,068

$88,702+43.3%

$81,780+55.4%

$145,978-13.0%

Participation rate

77.8%

75.0%+2.7pp

72.4%+5.4pp

80.3%-2.5pp

Annual return

9.73%

1029.12%-1019.4pp

776.27%-766.5pp

550.52%-540.8pp

Employer contribution / active EE

$3,084-100.0%

$2,914-100.0%

$4,662-100.0%

Participant deferral / active EE

$5,482

$4,645+18.0%

$4,321+26.9%

$6,690-18.1%

Admin fee / account holder

$701

$8,414-91.7%

$7,384-90.5%

$13,400-94.8%

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