Retirement plan

ELITE HEATING AND AIR CONDITIONING, INC. 401(K) PLAN

Name: ELITE HEATING AND AIR CONDITIONI - ELITE HEATING AND AIR CONDITIONING, INC. 401(K) PLAN (2019) Form 5500
Creator: ELITE HEATING AND AIR CONDITIONI
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELITE HEATING AND AIR CONDITIONING, INC. 401(K) PLAN, ELITE HEATING AND AIR CONDITIONI

ELITE HEATING AND AIR CONDITIONIEIN 22-3776374Plan #001PY 2019

214 CHERRY AVE - VOORHEES, NJ 08043856-354-8662LinkedIn1-10 employeesindividual & family services

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$832K

+42.7% from 2018

Total participants

0.0% from 2018

Average account balance

$138,694

+42.7% from 2018

Annual return

23.09%

+38.59 pp from 2018

Benchmarks

See 40,744 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort40,744 peers

Snapshot2019

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.21M

Not enough data

1 years with asset history on file

Average account balance

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

$245K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$187K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+13.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$245

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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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

1 tripped

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

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$138,694

$107,334+29.2%

$92,893+49.3%

$152,861-9.3%

Participation rate

100.0%

79.8%+20.2pp

76.0%+24.0pp

82.4%+17.6pp

Annual return

23.09%

145.58%-122.5pp

109.41%-86.3pp

345.32%-322.2pp

Employer contribution / active EE

$19,488

$4,221+361.7%

$3,653+433.5%

$4,762+309.2%

Participant deferral / active EE

$9,168

$4,845+89.2%

$4,236+116.4%

$5,850+56.7%

Admin fee / account holder

$7,079-100.0%

$5,794-100.0%

$11,596-100.0%

ELITE HEATING AND AIR CONDITIONING, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ELITE HEATING AND AIR CONDITIONING, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion