Retirement plan

PERRECA ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: PERRECA ELECTRIC COMPANY, INC. - PERRECA ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: PERRECA ELECTRIC COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PERRECA ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN AND TRUST, PERRECA ELECTRIC COMPANY, INC.

PERRECA ELECTRIC COMPANY, INC.EIN 14-1442194Plan #001PY 2024

520 BROADWAY P.O.BOX 2530 - NEWBURGH, NY 12550845-564-2080perreca.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.3M

+19.8% from 2023

Total participants

+4.3% from 2023

Average account balance

$185,047

+19.8% from 2023

Annual return

15.04%

-1.40 pp from 2023

Benchmarks

See 54,805 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,805 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.26M

Not enough data

1 years with asset history on file

Average account balance

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

$185K

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.

94.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$388K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+15.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9518

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 codes2J

Plan features

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

$219K

$12161 / participant

Other / not subdivided$219K100.0%

% of EOY assets

5.143%

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

$185,047

$110,379+67.6%

$102,412+80.7%

$145,884+26.8%

Participation rate

94.4%

77.9%+16.5pp

74.5%+19.9pp

80.3%+14.1pp

Annual return

15.04%

24.84%-9.8pp

24.94%-9.9pp

551.85%-536.8pp

Employer contribution / active EE

$15,427

$4,216+265.9%

$3,870+298.6%

$4,662+230.9%

Participant deferral / active EE

$6,133

$5,622+9.1%

$5,060+21.2%

$6,690-8.3%

Admin fee / account holder

$9,518

$9,745-2.3%

$8,388+13.5%

$13,392-28.9%

PERRECA ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PERRECA ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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