Retirement plan

UNITED COOLAIR CORP 401K AND PROFIT SHARING PLAN

Name: UNITED COOLAIR CORP. - UNITED COOLAIR CORP 401K AND PROFIT SHARING PLAN (2020) Form 5500
Creator: UNITED COOLAIR CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED COOLAIR CORP 401K AND PROFIT SHARING PLAN, UNITED COOLAIR CORP.

UNITED COOLAIR CORP.EIN 23-2536116Plan #001PY 2020

491 EAST PRINCESS STREET - YORK, PA 17403717-843-4311unitedcoolair.comLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$2.5M

+27.1% from 2019

Total participants

127

-9.9% from 2019

Average account balance

$41,527

+25.0% from 2019

Annual return

17.39%

-6.29 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-99.39%

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

Top 2 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO4 years Service code 15 · EIN 35-0145825	Recordkeeping	$23,904
TRIAD ADVISORS INC2 years Filed as: TRIAD HYBRID SOLUTIONS Service code 16 · EIN 46-5391363	Consulting	$10,304

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$120

$1 / participant

Contract admin$120100.0%

% of EOY assets

0.005%

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: STAMBAUGH NESS INC.
Auditor EIN: 232846715
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,527

$73,638-43.6%

$95,956-56.7%

$73,493-43.5%

Participation rate

40.4%

76.2%-35.8pp

77.1%-36.7pp

70.7%-30.3pp

Annual return

17.39%

16.78%+0.6pp

91.63%-74.2pp

28.51%-11.1pp

Employer contribution / active EE

$1,863-100.0%

$2,541-100.0%

$2,270-100.0%

Participant deferral / active EE

$1,821

$3,617-49.6%

$4,167-56.3%

$3,740-51.3%

Admin fee / account holder

$482-99.6%

$6,797-100.0%

$513-99.6%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO4 years

Service code 15 · EIN 35-0145825

Recordkeeping

$23,904

TRIAD ADVISORS INC2 years

Filed as: TRIAD HYBRID SOLUTIONS

Service code 16 · EIN 46-5391363

Consulting

$10,304

UNITED COOLAIR CORP 401K AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED COOLAIR CORP 401K AND 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