Retirement plan

SOUTHERN COMFORT HEATING & AIR CONDITIONING, INC. 401(K) PROFIT SHARING PLAN

Name: SOUTHERN COMFORT HEATING & AIR CONDITIONING, INC - SOUTHERN COMFORT HEATING & AIR CONDITIONING, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: SOUTHERN COMFORT HEATING & AIR CONDITIONING, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN COMFORT HEATING & AIR CONDITIONING, INC. 401(K) PROFIT SHARING PLAN, SOUTHERN COMFORT HEATING & AIR CONDITIONING, INC

SOUTHERN COMFORT HEATING & AIR CONDITIONING, INCEIN 56-2461791Plan #001PY 2022

294 COTHRAN ROAD - DAWSONVILLE, GA 30534706-216-8238southerncomfortcoolingandheating.comLinkedIn1-10 employeesindividual & family services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$254K

-13.2% from 2021

Total participants

0.0% from 2021

Average account balance

$127,210

+30.2% from 2021

Annual return

-19.85%

-34.27 pp from 2021

Benchmarks

See 48,287 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort48,287 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$532K

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$77K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+17.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2J2T3D

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).
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$367

$122 / participant

Other / not subdivided$367100.0%

% of EOY assets

0.144%

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

$127,210

$134,001-5.1%

$112,258+13.3%

$134,509-5.4%

Participation rate

33.3%

78.6%-45.2pp

75.1%-41.7pp

81.2%-47.9pp

Annual return

-19.85%

47.15%-67.0pp

27.47%-47.3pp

418.13%-438.0pp

Employer contribution / active EE

$988

$4,039-75.5%

$3,636-72.8%

$4,741-79.2%

Participant deferral / active EE

$5,633

$5,291+6.5%

$4,728+19.1%

$6,400-12.0%

Admin fee / account holder

$184

$7,491-97.6%

$6,411-97.1%

$11,427-98.4%

SOUTHERN COMFORT HEATING & AIR CONDITIONING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN COMFORT HEATING & AIR CONDITIONING, 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