Retirement plan

TEMPE MECHANICAL PROFIT SHARING PLAN

Name: AWY HOLDINGS, INC. DBA TEMPE MECHANICAL - TEMPE MECHANICAL PROFIT SHARING PLAN (2023) Form 5500
Creator: AWY HOLDINGS, INC. DBA TEMPE MECHANICAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEMPE MECHANICAL PROFIT SHARING PLAN, AWY HOLDINGS, INC. DBA TEMPE MECHANICAL

AWY HOLDINGS, INC. DBA TEMPE MECHANICALEIN 20-8040140Plan #003PY 2023

303 W ELLIOT RD, STE. 101 - TEMPE, AZ 85284480-820-1235LinkedIn11-50 employeesmachinery

Prospect flagsHigh retiree %Low assets / participant

How to read this page

Total assets (EOY)

$2M

+50.7% from 2022

Total participants

121

-5.5% from 2022

Average account balance

$16,536

+62.1% from 2022

Annual return

14.41%

+33.01 pp from 2022

Benchmarks

See 18,032 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,032 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.43M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$380K

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

+11.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$354

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

1 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
AGRANDAR ASSOCIATES, INC1 year Service code 27 · EIN 86-0782378 10505 N. 69TH ST, SUITE 1400 · SCOTTSDALE, AZ 85253	Advisory (Plan)	$11,820
DESANTIAGO PENSION CONSULTING LLC1 year Filed as: DESANTIAGO PENSION CONSULTING, LLC Service code 49 · EIN 86-0905871 1016 E. GLENDALE AVE. · PHOENIX, AZ 85020	Other Services	$10,500

Plan features & details

Pension benefit codes2A2E2F2G3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$29K

$451 / participant

Investment mgmt$12K40.3%
Other / not subdivided$18K59.7%

% of EOY assets

1.490%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MANSPERGER PATTERSON & MCMULLIN PLC
Auditor EIN: 860751928
Audit fees: $7,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,536

$73,988-77.7%

$96,538-82.9%

$75,177-78.0%

Participation rate

96.9%

66.4%+30.5pp

74.3%+22.6pp

67.2%+29.7pp

Annual return

14.41%

26.73%-12.3pp

35.74%-21.3pp

160.75%-146.3pp

Employer contribution / active EE

$8,190

$2,930+179.5%

$3,740+119.0%

$2,671+206.6%

Participant deferral / active EE

$3,660-100.0%

$4,880-100.0%

$4,126-100.0%

Admin fee / account holder

$246

$5,220-95.3%

$6,737-96.3%

$5,651-95.6%

Provider

Service type

Compensation

AGRANDAR ASSOCIATES, INC1 year

Service code 27 · EIN 86-0782378

10505 N. 69TH ST, SUITE 1400 · SCOTTSDALE, AZ 85253

Advisory (Plan)

$11,820

DESANTIAGO PENSION CONSULTING LLC1 year

Filed as: DESANTIAGO PENSION CONSULTING, LLC

Service code 49 · EIN 86-0905871

1016 E. GLENDALE AVE. · PHOENIX, AZ 85020

Other Services

$10,500

TEMPE MECHANICAL PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEMPE MECHANICAL 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