Retirement plan

BEST HEATING COOLING & ELECTRIC RETIREMENT PLAN

Name: BEST HEATING, COOLING AND ELECTRIC INC. - BEST HEATING COOLING & ELECTRIC RETIREMENT PLAN (2018) Form 5500
Creator: BEST HEATING, COOLING AND ELECTRIC INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BEST HEATING COOLING & ELECTRIC RETIREMENT PLAN, BEST HEATING, COOLING AND ELECTRIC INC.

BEST HEATING, COOLING AND ELECTRIC INC.EIN 20-8229104Plan #001PY 2018

3900 E 14TH ST SUITE 18 - DES MOINES, IA 503133890515-262-8055besthce.comLinkedIn11-50 employeesconsumer services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$124K

+26.9% from 2017

Total participants

+25.0% from 2017

Average account balance

$15,560

+26.9% from 2017

Annual return

-11.88%

-27.40 pp from 2017

Benchmarks

See 33,727 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort33,727 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$202K

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$360

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$120

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

+0.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$87248

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 codes2E2F2G2J2T3D

Plan features

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$280 / participant

Other / not subdivided$3K100.0%

% of EOY assets

2.021%

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

$15,560

$90,606-82.8%

$79,466-80.4%

$135,379-88.5%

Participation rate

77.8%

76.0%+1.7pp

73.3%+4.4pp

82.6%-4.9pp

Annual return

-11.88%

977.69%-989.6pp

718.28%-730.2pp

519.79%-531.7pp

Employer contribution / active EE

$1,482

$3,068-51.7%

$2,800-47.1%

$4,779-69.0%

Participant deferral / active EE

$2,829

$4,050-30.2%

$3,704-23.6%

$5,609-49.6%

Admin fee / account holder

$315

$5,895-94.7%

$5,104-93.8%

$10,828-97.1%

BEST HEATING COOLING & ELECTRIC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BEST HEATING COOLING & ELECTRIC RETIREMENT 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