Retirement plan

MIKE'S COMMERCIAL REFRIGERATION, INC. 401(K) PROFIT SHARING PLAN

Name: MIKE'S COMMERCIAL REFRIGERATION, INC. - MIKE'S COMMERCIAL REFRIGERATION, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: MIKE'S COMMERCIAL REFRIGERATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIKE'S COMMERCIAL REFRIGERATION, INC. 401(K) PROFIT SHARING PLAN, MIKE'S COMMERCIAL REFRIGERATION, INC.

MIKE'S COMMERCIAL REFRIGERATION, INC.EIN 16-1243301Plan #001PY 2020

6577 EAST TAFT ROAD - EAST SYRACUSE, NY 13057315-458-1126LinkedIn11-50 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$711K

+18.9% from 2019

Total participants

-9.1% from 2019

Average account balance

$71,076

+7.0% from 2019

Annual return

10.42%

-3.90 pp from 2019

Benchmarks

See 36,192 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,192 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.22M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

171.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$183K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+12.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2785

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

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

$24K

$4783 / participant

Other / not subdivided$24K100.0%

% of EOY assets

3.365%

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

$71,076

$100,938-29.6%

$90,461-21.4%

$158,982-55.3%

Participation rate

100.0%

75.0%+25.0pp

72.7%+27.3pp

82.0%+18.0pp

Annual return

10.42%

1727.20%-1716.8pp

1294.76%-1284.3pp

302.99%-292.6pp

Employer contribution / active EE

$4,613

$3,691+25.0%

$3,264+41.3%

$4,763-3.1%

Participant deferral / active EE

$10,273

$4,350+136.2%

$3,964+159.1%

$5,983+71.7%

Admin fee / account holder

$2,392

$6,510-63.3%

$5,617-57.4%

$11,252-78.7%

MIKE'S COMMERCIAL REFRIGERATION, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIKE'S COMMERCIAL REFRIGERATION, INC. 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