Retirement plan

SHEARER HEATING & AIR CONDITIONING, INC. 401K PLAN

Name: SHEARER HEATING & AIR CONDITIONING, INC. - SHEARER HEATING & AIR CONDITIONING, INC. 401K PLAN (2018) Form 5500
Creator: SHEARER HEATING & AIR CONDITIONING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHEARER HEATING & AIR CONDITIONING, INC. 401K PLAN, SHEARER HEATING & AIR CONDITIONING, INC.

SHEARER HEATING & AIR CONDITIONING, INC.EIN 25-1652744Plan #001PY 2018

125 OLD PLANK ROAD - WASHINGTON, PA 153019038724-222-1830shearerhvac.comLinkedIn11-50 employeesindividual & family services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.3M

-2.8% from 2017

Total participants

-5.3% from 2017

Average account balance

$97,411

+4.7% from 2017

Annual return

-5.90%

-17.08 pp from 2017

Benchmarks

See 21,281 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,281 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.45M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

77.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$154K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+8.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$374

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 codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$48K

$2833 / participant

Other / not subdivided$48K100.0%

% of EOY assets

3.803%

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

$97,411

$92,219+5.6%

$76,768+26.9%

$135,379-28.0%

Participation rate

70.6%

79.8%-9.2pp

77.0%-6.4pp

82.6%-12.1pp

Annual return

-5.90%

5.46%-11.4pp

2.43%-8.3pp

519.79%-525.7pp

Employer contribution / active EE

$1,616

$3,216-49.8%

$2,485-35.0%

$4,779-66.2%

Participant deferral / active EE

$3,223

$4,508-28.5%

$3,852-16.3%

$5,609-42.5%

Admin fee / account holder

$3,705

$10,749-65.5%

$6,675-44.5%

$10,828-65.8%

SHEARER HEATING & AIR CONDITIONING, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHEARER HEATING & AIR CONDITIONING, INC. 401K 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