Retirement plan

TOM PETERS PLUMBING AND HEATING INC. 401(K) PROFIT SHARING PLAN

Name: TOM PETERS PLUMBING AND HEATING INC. - TOM PETERS PLUMBING AND HEATING INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: TOM PETERS PLUMBING AND HEATING INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOM PETERS PLUMBING AND HEATING INC. 401(K) PROFIT SHARING PLAN, TOM PETERS PLUMBING AND HEATING INC.

TOM PETERS PLUMBING AND HEATING INC.EIN 26-2395977Plan #001PY 2022

68 SOARES DRIVE - PORTSMOUTH, RI 02871401-293-5975LinkedIn1-10 employees

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$301K

+15.7% from 2021

Total participants

0.0% from 2021

Average account balance

$33,440

+15.7% from 2021

Annual return

-17.63%

-35.12 pp from 2021

Benchmarks

See 48,278 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort48,278 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$503K

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$97K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1577

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 codes2E2F2J2T3D

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.
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.

Opportunity flags

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$33,440

$133,981-75.0%

$112,249-70.2%

$134,532-75.1%

Participation rate

72.7%

78.6%-5.8pp

75.1%-2.3pp

81.2%-8.5pp

Annual return

-17.63%

47.16%-64.8pp

27.48%-45.1pp

418.27%-435.9pp

Employer contribution / active EE

$2,105

$4,040-47.9%

$3,636-42.1%

$4,741-55.6%

Participant deferral / active EE

$5,779

$5,292+9.2%

$4,729+22.2%

$6,401-9.7%

Admin fee / account holder

$7,492-100.0%

$6,412-100.0%

$11,429-100.0%

TOM PETERS PLUMBING AND HEATING INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

TOM PETERS PLUMBING AND HEATING INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion