Retirement plan

SHEARER HEATING & AIR CONDITIONING, INC. 401K PLAN

Name: SHEARER HEATING & AIR CONDITIONING, INC. - SHEARER HEATING & AIR CONDITIONING, INC. 401K PLAN (2020) 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 2020

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

-12.7% from 2019

Total participants

-5.6% from 2019

Average account balance

$101,521

-12.7% from 2019

Annual return

10.03%

-5.04 pp from 2019

Benchmarks

See 21,449 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,449 peers

Snapshot2020

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

$439K

$29272 / participant

Other / not subdivided$439K100.0%

% of EOY assets

33.270%

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

$101,521

$112,121-9.5%

$95,960+5.8%

$158,966-36.1%

Participation rate

73.3%

79.0%-5.7pp

77.1%-3.7pp

82.0%-8.6pp

Annual return

10.03%

171.16%-161.1pp

91.63%-81.6pp

302.95%-292.9pp

Employer contribution / active EE

$1,937

$3,199-39.4%

$2,541-23.8%

$4,762-59.3%

Participant deferral / active EE

$3,911

$4,784-18.2%

$4,167-6.1%

$5,983-34.6%

Admin fee / account holder

$33,776

$10,135+233.3%

$6,797+396.9%

$11,250+200.2%

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