Retirement plan

GENERAL AIR CONDITIONING & HEATING, INC. 401K PLAN

Name: GENERAL AIR CONDITIONING & HEATING, INC. - GENERAL AIR CONDITIONING & HEATING, INC. 401K PLAN (2023) Form 5500
Creator: GENERAL AIR CONDITIONING & HEATING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENERAL AIR CONDITIONING & HEATING, INC. 401K PLAN, GENERAL AIR CONDITIONING & HEATING, INC.

GENERAL AIR CONDITIONING & HEATING, INC.EIN 33-0585587Plan #001PY 2023

31170 RESERVE DR - THOUSAND PALMS, CA 92276760-343-7488LinkedIn51-200 employeesindividual & family services

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.8M

+5.7% from 2022

Total participants

-24.0% from 2022

Average account balance

$40,483

+43.2% from 2022

Annual return

14.14%

+28.67 pp from 2022

Benchmarks

See 18,047 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,047 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.04M

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.

52.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$91K

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

+11.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2708

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

Top 3 by compensation

Provider	Service type	Compensation
CORPORATE BENEFIT SYSTEMS, INC.1 year Service code 15 23 CORPORATE PLAZA DR SUITE 150 · NEWPORT BEACH, CA 92660	Recordkeeping	$11,351
BEACON POINTE ADVISORS LLC1 year Filed as: BEACON ADVISORS Service code 71 · EIN 27-0636826 73833 EL PADEO DRIVE SUITE 200 · PALM DESERT, CA 92260	Brokerage Fees	$9,616
JULY BUSINESS SERVICES1 year Filed as: JULY BUSINESS SERVICES, LLC Service code 64 · EIN 74-2715820 400 AUSTIN AVENUE SUITE 1200 · WACO, TX 76701	Recordkeeping Fees	$7,940

Plan features & details

Pension benefit codes2E2G2K2J

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.
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.

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

$279K

$4982 / participant

Other / not subdivided$279K100.0%

% of EOY assets

15.313%

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

$40,483

$73,955-45.3%

$96,520-58.1%

$75,181-46.2%

Participation rate

50.0%

66.4%-16.4pp

74.3%-24.3pp

67.2%-17.2pp

Annual return

14.14%

26.72%-12.6pp

35.72%-21.6pp

160.69%-146.6pp

Employer contribution / active EE

$2,930-100.0%

$3,739-100.0%

$2,671-100.0%

Participant deferral / active EE

$1,847

$3,659-49.5%

$4,879-62.1%

$4,126-55.2%

Admin fee / account holder

$6,199

$5,217+18.8%

$6,733-7.9%

$5,650+9.7%

Provider

Service type

Compensation

CORPORATE BENEFIT SYSTEMS, INC.1 year

Service code 15

23 CORPORATE PLAZA DR SUITE 150 · NEWPORT BEACH, CA 92660

Recordkeeping

$11,351

BEACON POINTE ADVISORS LLC1 year

Filed as: BEACON ADVISORS

Service code 71 · EIN 27-0636826

73833 EL PADEO DRIVE SUITE 200 · PALM DESERT, CA 92260

Brokerage Fees

$9,616

JULY BUSINESS SERVICES1 year

Filed as: JULY BUSINESS SERVICES, LLC

Service code 64 · EIN 74-2715820

400 AUSTIN AVENUE SUITE 1200 · WACO, TX 76701

Recordkeeping Fees

$7,940

GENERAL AIR CONDITIONING & HEATING, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENERAL AIR CONDITIONING & HEATING, 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