Retirement plan

AMERICAN MECHANICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: AMERICAN MECHANICAL , INC. - AMERICAN MECHANICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2024) Form 5500
Creator: AMERICAN MECHANICAL , INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN MECHANICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN, AMERICAN MECHANICAL , INC.

AMERICAN MECHANICAL , INC.EIN 51-0593579Plan #003PY 2024

1275 BOULEVARD WAY - WALNUT CREEK, CA 94595925-946-9101ami-hvac.comLinkedIn11-50 employeesconstruction

Other plans on this EIN

1 filing

#001Retirement-$6.4M assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$4.4M

+27.4% from 2023

Total participants

-3.6% from 2023

Average account balance

$175,805

+32.5% from 2023

Annual return

21.44%

+52.13 pp from 2023

Benchmarks

See 54,805 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,805 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.40M

Not enough data

1 years with asset history on file

Average account balance

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

$176K

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$209K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+21.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$200

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 codes2P3I

Plan features

2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

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

$5K

$312 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.113%

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

$175,805

$110,379+59.3%

$102,412+71.7%

$145,884+20.5%

Participation rate

87.5%

77.9%+9.6pp

74.5%+13.0pp

80.3%+7.2pp

Annual return

21.44%

24.84%-3.4pp

24.94%-3.5pp

551.85%-530.4pp

Employer contribution / active EE

$13,093

$4,216+210.5%

$3,870+238.3%

$4,662+180.8%

Participant deferral / active EE

$5,622-100.0%

$5,060-100.0%

$6,690-100.0%

Admin fee / account holder

$200

$9,745-98.0%

$8,388-97.6%

$13,392-98.5%

AMERICAN MECHANICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN MECHANICAL, INC. EMPLOYEE STOCK OWNERSHIP 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