Retirement plan

EMPIRE FIRE PROTECTION SERVICES, INC. 401K PENSION PLAN

Name: EMPIRE FIRE PROTECTION SERVICES, INC. - EMPIRE FIRE PROTECTION SERVICES, INC. 401K PENSION PLAN (2024) Form 5500
Creator: EMPIRE FIRE PROTECTION SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPIRE FIRE PROTECTION SERVICES, INC. 401K PENSION PLAN, EMPIRE FIRE PROTECTION SERVICES, INC.

EMPIRE FIRE PROTECTION SERVICES, INC.EIN 16-1570483Plan #001PY 2024

P.O. BOX 440 - NORTH GREECE, NY 14515585-720-0390empirefps.comLinkedIn11-50 employeespublic safety

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$2.1M

+24.2% from 2023

Total participants

+7.7% from 2023

Average account balance

No prior year

Annual return

10.93%

+3.17 pp from 2023

Benchmarks

See 143,561 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,561 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.07M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$258K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+10.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$37K

$1619 / participant

Other / not subdivided$37K100.0%

% of EOY assets

1.799%

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

$160,028-100.0%

$147,080-100.0%

$145,884-100.0%

Participation rate

0.0%

84.0%-84.0pp

82.2%-82.2pp

80.3%-80.3pp

Annual return

10.93%

98.60%-87.7pp

420.17%-409.2pp

551.85%-540.9pp

Employer contribution / active EE

$3,381

$5,286-36.0%

$4,933-31.5%

$4,662-27.5%

Participant deferral / active EE

$7,835

$8,422-7.0%

$8,066-2.9%

$6,690+17.1%

Admin fee / account holder

$15,030-100.0%

$12,989-100.0%

$13,392-100.0%

EMPIRE FIRE PROTECTION SERVICES, INC. 401K PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPIRE FIRE PROTECTION SERVICES, INC. 401K PENSION 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