Retirement plan

GENERAL AIRE SYSTEMS EMPLOYEE STOCK OWNERSHIP PLAN

Name: GENERAL AIRE SYSTEMS, INC. - GENERAL AIRE SYSTEMS EMPLOYEE STOCK OWNERSHIP PLAN (2020) Form 5500
Creator: GENERAL AIRE SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENERAL AIRE SYSTEMS EMPLOYEE STOCK OWNERSHIP PLAN, GENERAL AIRE SYSTEMS, INC.

GENERAL AIRE SYSTEMS, INC.EIN 23-2599828Plan #002PY 2020

P.O. BOX 110 - DARBY, PA 19023610-532-3070genairesys.comLinkedIn11-50 employeesconstruction

Other plans on this EIN

1 filing

#001Retirement-$2.0M assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$5.2M

+115.9% from 2019

Total participants

+4.5% from 2019

Average account balance

$237,996

+106.1% from 2019

Annual return

103.72%

+97.78 pp from 2019

Benchmarks

See 22,196 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,196 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.24M

Not enough data

1 years with asset history on file

Average account balance

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

$698K

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$397K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+20.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$57081

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 codes2I2P2K

Plan features

2I
Stock bonus
Stock bonus plan.
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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$158K

$7893 / participant

Other / not subdivided$158K100.0%

% of EOY assets

3.015%

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

$237,996

$162,812+46.2%

$133,971+77.6%

$158,966+49.7%

Participation rate

95.0%

83.2%+11.8pp

79.8%+15.2pp

82.0%+13.0pp

Annual return

103.72%

41.94%+61.8pp

45.09%+58.6pp

302.95%-199.2pp

Employer contribution / active EE

$16,362

$4,976+228.8%

$3,919+317.5%

$4,762+243.6%

Participant deferral / active EE

$5,910-100.0%

$5,047-100.0%

$5,983-100.0%

Admin fee / account holder

$7,175

$11,741-38.9%

$8,929-19.6%

$11,250-36.2%

GENERAL AIRE SYSTEMS EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENERAL AIRE SYSTEMS EMPLOYEE STOCK OWNERSHIP 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