Retirement plan

AIR STREAM AIR CONDITIONING CORP. CASH OR DEFERRED PLAN FOR UNION EMPLOYEES

Name: UNION - AIR STREAM AIR CONDITIONING CORP. - AIR STREAM AIR CONDITIONING CORP. CASH OR DEFERRED PLAN FOR UNION EMPLOYEES (2020) Form 5500
Creator: UNION - AIR STREAM AIR CONDITIONING CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AIR STREAM AIR CONDITIONING CORP. CASH OR DEFERRED PLAN FOR UNION EMPLOYEES, UNION - AIR STREAM AIR CONDITIONING CORP.

UNION - AIR STREAM AIR CONDITIONING CORP.EIN 13-3419407Plan #002PY 2020

400 CROSSWAYS PARK DRIVE, SUITE 102 - WOODBURY, NY 11797516-747-4700

Other plans on this EIN

1 filing

#001Retirement-$9.9M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$2.3M

+16.5% from 2019

Total participants

-6.1% from 2019

Average account balance

$39,386

+20.5% from 2019

Annual return

16.03%

-9.49 pp from 2019

Benchmarks

See 16,249 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,249 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.60M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

93.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$339K

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

+14.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3184

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 codes2F2G2J2T3D

Plan features

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 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

$286K

$5390 / participant

Other / not subdivided$286K100.0%

% of EOY assets

12.294%

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

$39,386

$72,273-45.5%

$101,275-61.1%

$79,856-50.7%

Participation rate

94.3%

68.5%+25.9pp

75.8%+18.5pp

69.6%+24.7pp

Annual return

16.03%

22.30%-6.3pp

46.48%-30.5pp

31.71%-15.7pp

Employer contribution / active EE

$2,691-100.0%

$3,660-100.0%

$2,471-100.0%

Participant deferral / active EE

$5,438

$3,282+65.7%

$4,371+24.4%

$3,741+45.4%

Admin fee / account holder

$4,842

$4,401+10.0%

$5,948-18.6%

$5,306-8.8%

AIR STREAM AIR CONDITIONING CORP. CASH OR DEFERRED PLAN FOR UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AIR STREAM AIR CONDITIONING CORP. CASH OR DEFERRED PLAN FOR UNION EMPLOYEES

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