Retirement plan

CHALLENGE ELECTRIC CORP. 401(K) PLAN

Name: CHALLENGE ELECTRIC CORP. - CHALLENGE ELECTRIC CORP. 401(K) PLAN (2018) Form 5500
Creator: CHALLENGE ELECTRIC CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHALLENGE ELECTRIC CORP. 401(K) PLAN, CHALLENGE ELECTRIC CORP.

CHALLENGE ELECTRIC CORP.EIN 33-0809302Plan #003PY 2018

285 VERNON WAY - EL CAJON, CA 92020619-447-0462challenge-electric-corp.hub.bizLinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$362K assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$372K

+15.9% from 2017

Total participants

0.0% from 2017

Average account balance

$37,216

-7.3% from 2017

Annual return

-9.03%

-28.55 pp from 2017

Benchmarks

See 38,940 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort38,940 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.16M

Not enough data

1 years with asset history on file

Average account balance

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

$116K

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.

111.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$87K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+17.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14675

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 codes2E2F2G2J2T3D

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.
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

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

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

$37,216

$97,732-61.9%

$83,831-55.6%

$135,380-72.5%

Participation rate

61.5%

80.0%-18.4pp

76.1%-14.6pp

82.6%-21.1pp

Annual return

-9.03%

1287.56%-1296.6pp

850.99%-860.0pp

519.81%-528.8pp

Employer contribution / active EE

$2,151

$4,222-49.0%

$3,631-40.7%

$4,779-55.0%

Participant deferral / active EE

$3,998

$4,683-14.6%

$4,082-2.1%

$5,609-28.7%

Admin fee / account holder

$6,675-100.0%

$5,479-100.0%

$10,828-100.0%

CHALLENGE ELECTRIC CORP. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CHALLENGE ELECTRIC CORP. 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