Retirement plan

K. LUND MECHANICAL HEATING & AIR 401(K) PROFIT SHARING PLAN

Name: K. LUND MECHANICAL HEATING & AIR, INC. - K. LUND MECHANICAL HEATING & AIR 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: K. LUND MECHANICAL HEATING & AIR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, K. LUND MECHANICAL HEATING & AIR 401(K) PROFIT SHARING PLAN, K. LUND MECHANICAL HEATING & AIR, INC.

K. LUND MECHANICAL HEATING & AIR, INC.EIN 26-2709999Plan #001PY 2024

9800 SOUTH 415 WEST - SANDY, UT 84070801-244-3133

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$663K

+18.5% from 2023

Total participants

+5.9% from 2023

Average account balance

$44,189

+26.4% from 2023

Annual return

14.24%

-3.15 pp from 2023

Benchmarks

See 54,965 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,965 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$663K

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

107.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$72K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4349

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 codes2E2F2G2J3D

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).
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$65K

$4660 / participant

Other / not subdivided$65K100.0%

% of EOY assets

9.843%

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

$44,189

$111,814-60.5%

$103,374-57.3%

$145,959-69.7%

Participation rate

78.6%

77.9%+0.6pp

74.5%+4.1pp

80.3%-1.7pp

Annual return

14.24%

24.77%-10.5pp

24.89%-10.6pp

561.95%-547.7pp

Employer contribution / active EE

$1,135

$4,214-73.1%

$3,869-70.7%

$4,661-75.7%

Participant deferral / active EE

$4,028

$5,618-28.3%

$5,058-20.4%

$6,689-39.8%

Admin fee / account holder

$4,349

$9,754-55.4%

$8,394-48.2%

$13,398-67.5%

K. LUND MECHANICAL HEATING & AIR 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

K. LUND MECHANICAL HEATING & AIR 401(K) PROFIT SHARING 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