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 (2023) 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 2023

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

Other plans on this EIN

1 filing

#001Retirement-$11.3M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$3M

+25.3% from 2022

Total participants

+6.5% from 2022

Average account balance

$48,186

+13.4% from 2022

Annual return

18.56%

+36.19 pp from 2022

Benchmarks

See 18,059 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,059 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.42M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

88.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$348K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+19.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3645

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

See the 10-year trajectory. $4.99 for your first month.

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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

$139K

$2527 / participant

Other / not subdivided$139K100.0%

% of EOY assets

4.579%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,186

$73,933-34.8%

$96,683-50.2%

$75,163-35.9%

Participation rate

94.5%

66.4%+28.1pp

74.3%+20.2pp

67.2%+27.4pp

Annual return

18.56%

26.70%-8.1pp

35.69%-17.1pp

160.62%-142.1pp

Employer contribution / active EE

$2,928-100.0%

$3,737-100.0%

$2,670-100.0%

Participant deferral / active EE

$5,364

$3,659+46.6%

$4,878+10.0%

$4,125+30.0%

Admin fee / account holder

$2,206

$5,216-57.7%

$6,730-67.2%

$5,651-61.0%

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