Retirement plan

PRIME MECHANICAL SERVICE, INC. 401(K) PLAN

Name: PRIME MECHANICAL SERVICE, INC. 401(K) PLAN - PRIME MECHANICAL SERVICE, INC. 401(K) PLAN (2024) Form 5500
Creator: PRIME MECHANICAL SERVICE, INC. 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRIME MECHANICAL SERVICE, INC. 401(K) PLAN, PRIME MECHANICAL SERVICE, INC. 401(K) PLAN

PRIME MECHANICAL SERVICE, INC. 401(K) PLANEIN 26-3765526Plan #001PY 2024

296 WRIGHT BROTHERS AVE. - LIVERMORE, CA 94551877-635-4328

Prospect flagsLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$1.4M

+35.4% from 2023

Total participants

-20.0% from 2023

Average account balance

$465,238

+35.4% from 2023

Annual return

30.08%

-9.30 pp from 2023

Benchmarks

See 23,033 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort23,033 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.40M

Not enough data

1 years with asset history on file

Average account balance

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

$465K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$55K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+30.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$465,238

$117,904+294.6%

$102,457+354.1%

$145,978+218.7%

Participation rate

66.7%

78.6%-11.9pp

76.5%-9.8pp

80.3%-13.6pp

Annual return

30.08%

31.80%-1.7pp

29.41%+0.7pp

550.52%-520.4pp

Employer contribution / active EE

$3,515

$3,613-2.7%

$3,022+16.3%

$4,662-24.6%

Participant deferral / active EE

$14,712

$5,733+156.6%

$5,054+191.1%

$6,690+119.9%

Admin fee / account holder

$13,329-100.0%

$9,451-100.0%

$13,400-100.0%

PRIME MECHANICAL SERVICE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

PRIME MECHANICAL SERVICE, INC. 401(K) 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