Retirement plan

FAGOT REFRIGERATION & ELECTRIC, INC. 401(K) PROFIT SHARING PLAN

Name: FAGOT REFRIGERATION & ELECTRIC, INC - FAGOT REFRIGERATION & ELECTRIC, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: FAGOT REFRIGERATION & ELECTRIC, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAGOT REFRIGERATION & ELECTRIC, INC. 401(K) PROFIT SHARING PLAN, FAGOT REFRIGERATION & ELECTRIC, INC

FAGOT REFRIGERATION & ELECTRIC, INCEIN 47-0641049Plan #001PY 2020

608 W VINE ST, P.O. BOX 693 - LEXINGTON, NE 68850308-324-4018LinkedIn11-50 employeesindividual & family services

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$505K

+19.8% from 2019

Total participants

+25.0% from 2019

Average account balance

$33,642

-4.2% from 2019

Annual return

8.21%

-3.68 pp from 2019

Benchmarks

See 36,205 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,205 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.34M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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

$134K

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

+18.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$709

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 codes2E2G2J3D

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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$409

$31 / participant

Other / not subdivided$409100.0%

% of EOY assets

0.081%

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

$33,642

$100,911-66.7%

$90,440-62.8%

$158,966-78.8%

Participation rate

100.0%

75.0%+25.0pp

72.7%+27.3pp

82.0%+18.0pp

Annual return

8.21%

1726.62%-1718.4pp

1294.38%-1286.2pp

302.95%-294.7pp

Employer contribution / active EE

$1,686

$3,690-54.3%

$3,263-48.3%

$4,762-64.6%

Participant deferral / active EE

$2,059

$4,348-52.6%

$3,964-48.0%

$5,983-65.6%

Admin fee / account holder

$27

$6,507-99.6%

$5,615-99.5%

$11,250-99.8%

FAGOT REFRIGERATION & ELECTRIC, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAGOT REFRIGERATION & ELECTRIC, INC. 401(K) 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