Retirement plan

CLIMATECH, INC. RETIREMENT SAVINGS PLAN

Name: CLIMATECH, INC. - CLIMATECH, INC. RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: CLIMATECH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLIMATECH, INC. RETIREMENT SAVINGS PLAN, CLIMATECH, INC.

CLIMATECH, INC.EIN 25-1222596Plan #001PY 2024

200 BILMAR DRIVE - PITTSBURGH, PA 15205412-250-2375climatech.comLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$17.6M

+1.7% from 2023

Total participants

203

-3.8% from 2023

Average account balance

$109,446

-0.8% from 2023

Annual return

12.55%

-9.15 pp from 2023

Benchmarks

See 3,450 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,450 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$17.62M

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

161

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.

75.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$984K

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

+12.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$445

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 3 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$21,480
STELMACK DOBRANSKY & EANNACE, LLC9 years Service code 10 3328 WASHINGTON ROAD · MCMURRAY, PA 15317	Accounting	$11,000
SIEGEL ACTUARIAL CONSULTING, INC.10+ years Service code 13 110 ARROWHEAD DRIVE SUITE 150 · SLIPPERY ROCK, PA 16057	Contract Administrator	$8,995

Plan features & details

Pension benefit codes2A2E2F2J2K2S2T3D3H

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).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$72K

$422 / participant

Recordkeeping$21K29.9%
Investment mgmt$30K42.2%
Contract admin$9K12.5%
Other / not subdivided$11K15.3%

% of EOY assets

0.407%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: STELMACK, DOBRANSKY & EANNANCE, LLC
Auditor EIN: 251900686
Audit fees: $11,000
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$109,446

$80,731+35.6%

$103,374+5.9%

$74,546+46.8%

Participation rate

75.3%

65.7%+9.6pp

74.5%+0.8pp

67.2%+8.1pp

Annual return

12.55%

27.56%-15.0pp

24.89%-12.3pp

1366.03%-1353.5pp

Employer contribution / active EE

$1,892

$3,158-40.1%

$3,869-51.1%

$2,624-27.9%

Participant deferral / active EE

$3,897

$3,860+0.9%

$5,058-23.0%

$4,347-10.4%

Admin fee / account holder

$445

$2,369-81.2%

$8,394-94.7%

$1,944-77.1%

Provider

Service type

Compensation

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$21,480

STELMACK DOBRANSKY & EANNACE, LLC9 years

Service code 10

3328 WASHINGTON ROAD · MCMURRAY, PA 15317

Accounting

$11,000

SIEGEL ACTUARIAL CONSULTING, INC.10+ years

Service code 13

110 ARROWHEAD DRIVE SUITE 150 · SLIPPERY ROCK, PA 16057

Contract Administrator

$8,995

CLIMATECH, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLIMATECH, INC. RETIREMENT SAVINGS 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