Retirement plan

DON HOFFACKER'S AIR CONDITIONING & HEATING, INC. 401(K) PROFIT SHARING PLAN

Name: DON HOFFACKER'S AIR CONDITIONING & HEATING, INC. - DON HOFFACKER'S AIR CONDITIONING & HEATING, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: DON HOFFACKER'S AIR CONDITIONING & HEATING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DON HOFFACKER'S AIR CONDITIONING & HEATING, INC. 401(K) PROFIT SHARING PLAN, DON HOFFACKER'S AIR CONDITIONING & HEATING, INC.

DON HOFFACKER'S AIR CONDITIONING & HEATING, INC.EIN 52-1189977Plan #001PY 2018

19703 WATERS ROAD - GERMANTOWN, MD 20874301-972-0017donhoffacker.comLinkedIn11-50 employeesindividual & family services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.4M

+5.5% from 2017

Total participants

+8.3% from 2017

Average account balance

$63,656

-0.0% from 2017

Annual return

6.78%

-0.97 pp from 2017

Benchmarks

See 15,016 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort15,016 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.11M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

138.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$192K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+6.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5991

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 codes2E2F2G2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

$236K

$9085 / participant

Other / not subdivided$236K100.0%

% of EOY assets

9.765%

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

$63,656

$57,352+11.0%

$83,830-24.1%

$64,173-0.8%

Participation rate

96.2%

68.6%+27.5pp

76.1%+20.0pp

69.6%+26.6pp

Annual return

6.78%

11.38%-4.6pp

850.97%-844.2pp

7.63%-0.9pp

Employer contribution / active EE

$4,622

$2,546+81.6%

$3,631+27.3%

$2,381+94.1%

Participant deferral / active EE

$2,819

$2,993-5.8%

$4,082-30.9%

$3,470-18.7%

Admin fee / account holder

$6,216

$4,046+53.6%

$5,479+13.5%

$4,887+27.2%

DON HOFFACKER'S AIR CONDITIONING & HEATING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DON HOFFACKER'S AIR CONDITIONING & HEATING, 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