Retirement plan

PETERS HEATING & AIR CONDITIONING, INC. RETIREMENT SAVINGS PLAN

Name: PETERS HEATING & AIR CONDITIONING, INC. - PETERS HEATING & AIR CONDITIONING, INC. RETIREMENT SAVINGS PLAN (2018) Form 5500
Creator: PETERS HEATING & AIR CONDITIONING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PETERS HEATING & AIR CONDITIONING, INC. RETIREMENT SAVINGS PLAN, PETERS HEATING & AIR CONDITIONING, INC.

PETERS HEATING & AIR CONDITIONING, INC.EIN 37-0892465Plan #002PY 2018

4520 BROADWAY - QUINCY, IL 62305217-222-1368LinkedIn11-50 employeesconstruction

Other plans on this EIN

1 filing

#003Retirement-$13.4M assets

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.1M

-10.4% from 2017

Total participants

301

+10.7% from 2017

Average account balance

$20,691

-17.0% from 2017

Annual return

-5.22%

-24.17 pp from 2017

Benchmarks

See 1,182 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,182 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$9.39M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

269

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.

84.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$774K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$271

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
WILLIAMS BENEFIT CONSULTING, LLC4+ years Service code 13 · EIN 46-1499818 3835 E. LAKE CENTRE, STE 100 · QUINCY, IL 62305	Contract Administrator	$11,113
AMERICAN FUNDS4+ years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO Service code 64 · EIN 95-1411037 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$3,462
GRAY HUNTER STENN LLP3 years Service code 10 · EIN 36-3077757 1200 HARGER ROAD, STE 521 · OAK BROOK, IL 60523	Accounting	$2,827

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$17K

$68 / participant

Investment mgmt$3K20.4%
Contract admin$11K62.9%
Other / not subdivided$3K16.7%

% of EOY assets

0.334%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: GRAY HUNTER STENN LLP
Auditor EIN: 363077757
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,691

$56,443-63.3%

$83,848-75.3%

$55,725-62.9%

Participation rate

77.6%

72.0%+5.6pp

76.1%+1.5pp

70.9%+6.7pp

Annual return

-5.22%

393.67%-398.9pp

850.88%-856.1pp

244.93%-250.2pp

Employer contribution / active EE

$1,516

$2,682-43.5%

$3,631-58.2%

$2,078-27.0%

Participant deferral / active EE

$1,200

$2,965-59.5%

$4,082-70.6%

$3,356-64.2%

Admin fee / account holder

$69

$156-55.7%

$5,478-98.7%

$115-39.9%

Provider

Service type

Compensation

WILLIAMS BENEFIT CONSULTING, LLC4+ years

Service code 13 · EIN 46-1499818

3835 E. LAKE CENTRE, STE 100 · QUINCY, IL 62305

Contract Administrator

$11,113

AMERICAN FUNDS4+ years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO

Service code 64 · EIN 95-1411037

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$3,462

GRAY HUNTER STENN LLP3 years

Service code 10 · EIN 36-3077757

1200 HARGER ROAD, STE 521 · OAK BROOK, IL 60523

Accounting

$2,827

PETERS HEATING & AIR CONDITIONING, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PETERS HEATING & AIR CONDITIONING, INC. RETIREMENT SAVINGS 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