Retirement plan

CHRISTIAN BROTHERS HEATING & AIR CONDITIONING, INC. CONTRACTORS & EMPLOYEES 401(K) PLAN

Name: CHRISTIAN BROTHERS HEATING & AIR CONDITIONING, INC. - CHRISTIAN BROTHERS HEATING & AIR CONDITIONING, INC. CONTRACTORS & EMPLOYEES 401(K) PLAN (2022) Form 5500
Creator: CHRISTIAN BROTHERS HEATING & AIR CONDITIONING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHRISTIAN BROTHERS HEATING & AIR CONDITIONING, INC. CONTRACTORS & EMPLOYEES 401(K) PLAN, CHRISTIAN BROTHERS HEATING & AIR CONDITIONING, INC.

CHRISTIAN BROTHERS HEATING & AIR CONDITIONING, INC.EIN 33-0193531Plan #002PY 2022

11140 THURSTON LN. - MIRA LOMA, CA 91752951-361-2247LinkedIn51-200 employeesshipbuilding

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.1M

+4.2% from 2021

Total participants

311

+8.7% from 2021

Average account balance

$17,967

-6.1% from 2021

Annual return

-6.26%

-12.11 pp from 2021

Benchmarks

See 934 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort934 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.74M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

198

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.

58.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$476K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+7.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$336

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

1 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
CLIFTONLARSONALLEN LLP1 year Service code 10 · EIN 41-0746749 2875 MICHELLE DRIVE #300 · IRVINE, CA 92606	Accounting	$16,065
PENSION ASSURANCE LLP1 year Filed as: PENSION BENEFITS UNLIMITED, INC. Service code 13 · EIN 33-0499726 18008 SKY PARK CIRCLE, SUITE 200 · IRVINE, CA 92614	Contract Administrator	$14,455
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK LIFE INSURANCE CO USA Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$1,754

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$58K

$216 / participant

Investment mgmt$27K47.1%
Other / not subdivided$31K52.9%

% of EOY assets

1.855%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,967

$47,766-62.4%

$82,763-78.3%

$64,824-72.3%

Participation rate

48.3%

67.7%-19.4pp

72.6%-24.2pp

71.5%-23.2pp

Annual return

-6.26%

-13.06%+6.8pp

702.45%-708.7pp

32.84%-39.1pp

Employer contribution / active EE

$1,016

$2,182-53.4%

$3,008-66.2%

$2,507-59.5%

Participant deferral / active EE

$1,186

$3,332-64.4%

$4,395-73.0%

$4,311-72.5%

Admin fee / account holder

$333

$143+133.1%

$5,325-93.7%

$188+77.4%

Provider

Service type

Compensation

CLIFTONLARSONALLEN LLP1 year

Service code 10 · EIN 41-0746749

2875 MICHELLE DRIVE #300 · IRVINE, CA 92606

Accounting

$16,065

PENSION ASSURANCE LLP1 year

Filed as: PENSION BENEFITS UNLIMITED, INC.

Service code 13 · EIN 33-0499726

18008 SKY PARK CIRCLE, SUITE 200 · IRVINE, CA 92614

Contract Administrator

$14,455

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK LIFE INSURANCE CO USA

Service code 15 · EIN 01-0233346

P.O. BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$1,754

CHRISTIAN BROTHERS HEATING & AIR CONDITIONING, INC. CONTRACTORS & EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHRISTIAN BROTHERS HEATING & AIR CONDITIONING, INC. CONTRACTORS & EMPLOYEES 401(K) 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