Retirement plan

YORK MAHONING MECHANICAL CONTRACTORS, INC. PROFIT SHARING PLAN

Name: YORK MAHONING MECHANICAL CONTRACTORS, INC. - YORK MAHONING MECHANICAL CONTRACTORS, INC. PROFIT SHARING PLAN (2020) Form 5500
Creator: YORK MAHONING MECHANICAL CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, YORK MAHONING MECHANICAL CONTRACTORS, INC. PROFIT SHARING PLAN, YORK MAHONING MECHANICAL CONTRACTORS, INC.

YORK MAHONING MECHANICAL CONTRACTORS, INC.EIN 34-1630346Plan #001PY 2020

724 CANFIELD RD. - YOUNGSTOWN, OH 44511330-788-7011yorkmahoning.comLinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$1.7M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$7.5M

+16.5% from 2019

Total participants

+16.7% from 2019

Average account balance

$623,946

+16.5% from 2019

Annual return

13.76%

-13.34 pp from 2019

Benchmarks

See 42,037 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort42,037 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.44M

Not enough data

1 years with asset history on file

Average account balance

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

$957K

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.

108.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$185K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+11.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1832

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 codes2E2F2G2T3D

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.
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

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$114

$8 / participant

Other / not subdivided$114100.0%

% of EOY assets

0.002%

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

$623,946

$115,810+438.8%

$101,271+516.1%

$158,966+292.5%

Participation rate

85.7%

79.4%+6.3pp

75.8%+9.9pp

82.0%+3.8pp

Annual return

13.76%

56.15%-42.4pp

46.48%-32.7pp

302.95%-289.2pp

Employer contribution / active EE

$12,612

$4,175+202.0%

$3,660+244.6%

$4,762+164.8%

Participant deferral / active EE

$4,958-100.0%

$4,371-100.0%

$5,983-100.0%

Admin fee / account holder

$10

$7,248-99.9%

$5,948-99.8%

$11,250-99.9%

YORK MAHONING MECHANICAL CONTRACTORS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

YORK MAHONING MECHANICAL CONTRACTORS, INC. 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