Retirement plan

CLIMATECH, INC. RETIREMENT SAVINGS PLAN

Name: CLIMATECH, INC. - CLIMATECH, INC. RETIREMENT SAVINGS PLAN (2017) 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 2017

200 BILMAR DR. - PITTSBURGH, PA 15205412-921-8000climatech.comLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$9.1M

+25.8% from 2016

Total participants

165

+5.1% from 2016

Average account balance

$75,394

+22.6% from 2016

Annual return

20.06%

+13.37 pp from 2016

Benchmarks

See 2,582 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,582 peers

Snapshot2017

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

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS3+ years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$0
SIEGEL ACTUARIAL CONSULTING, INC.3+ years Service code 13 11676 PERRY HWY STE 3300 · WEXFORD, PA 15090	Contract Administrator	$0
STELMACK DOBRANSKY & EANNACE, LLC2 years Service code 10 3328 WASHINGTON ROAD · MCMURRAY, PA 15317	Accounting	$0

Plan features & details

Pension benefit codes2E2F2J2K2T3D3H

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).
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$13K

$88 / participant

Contract admin$6K45.0%
Other / not subdivided$7K55.0%

% of EOY assets

0.139%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: STELMACK, DOBRANSKY & EANNANCE, LLC
Auditor EIN: 251900686
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,394

$58,726+28.4%

$92,239-18.3%

$62,293+21.0%

Participation rate

69.7%

68.3%+1.3pp

76.5%-6.8pp

69.5%+0.1pp

Annual return

20.06%

43.62%-23.6pp

176.29%-156.2pp

28.90%-8.8pp

Employer contribution / active EE

$1,381

$2,392-42.3%

$3,680-62.5%

$2,042-32.4%

Participant deferral / active EE

$2,727

$2,766-1.4%

$3,897-30.0%

$3,169-14.0%

Admin fee / account holder

$105

$556-81.1%

$5,194-98.0%

$479-78.1%

Provider

Service type

Compensation

AMERICAN FUNDS3+ years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

SIEGEL ACTUARIAL CONSULTING, INC.3+ years

Service code 13

11676 PERRY HWY STE 3300 · WEXFORD, PA 15090

Contract Administrator

STELMACK DOBRANSKY & EANNACE, LLC2 years

Service code 10

3328 WASHINGTON ROAD · MCMURRAY, PA 15317

Accounting

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