Retirement plan

PETERS HEATING AND AIR CONDITIONING, INC PROFIT SHARING PLAN

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

PETERS HEATING & AIR CONDITIONING, INC.EIN 37-0892465Plan #003PY 2023

4520 BROADWAY ST - QUINCY, IL 62301217-222-1368LinkedIn11-50 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$8.0M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$14.7M

+13.8% from 2022

Total participants

213

-0.9% from 2022

Average account balance

$70,220

+13.8% from 2022

Annual return

15.20%

+29.05 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.07M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

230

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$636

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY9+ years Service code 28 · EIN 13-2919773 101 SOUTH HANLEY · CLAYTON, MO 63105	Investment Management	$107,696
BENEFIT PLANS ADMIN SERVICES, INC.2 years Filed as: BENEFIT PLANS PLUS Service code 64 · EIN 43-1829594 11701 BORMAN DRIVE · ST. LOUIS, MO 63146	Recordkeeping Fees	$12,990

Plan features & details

Pension benefit codes2A2E3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

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

$121K

$659 / participant

Investment mgmt$108K89.2%
Other / not subdivided$13K10.8%

% of EOY assets

0.822%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,220

$76,696-8.4%

$96,538-27.3%

$71,529-1.8%

Participation rate

97.8%

66.6%+31.2pp

74.3%+23.5pp

67.9%+29.9pp

Annual return

15.20%

48.32%-33.1pp

35.74%-20.5pp

28.97%-13.8pp

Employer contribution / active EE

$5,576

$3,032+83.9%

$3,740+49.1%

$2,590+115.3%

Participant deferral / active EE

$3,770-100.0%

$4,880-100.0%

$4,291-100.0%

Admin fee / account holder

$577

$2,030-71.6%

$6,737-91.4%

$1,588-63.6%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY9+ years

Service code 28 · EIN 13-2919773

101 SOUTH HANLEY · CLAYTON, MO 63105

Investment Management

$107,696

BENEFIT PLANS ADMIN SERVICES, INC.2 years

Filed as: BENEFIT PLANS PLUS

Service code 64 · EIN 43-1829594

11701 BORMAN DRIVE · ST. LOUIS, MO 63146

Recordkeeping Fees

$12,990

PETERS HEATING AND AIR CONDITIONING, INC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PETERS HEATING AND AIR CONDITIONING, 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