Retirement plan

BOAEN MECHANICAL CONTRACTOR, INC. PROFIT SHARING PLAN

Name: BOAEN MECHANICAL CONTRACTOR, INC. - BOAEN MECHANICAL CONTRACTOR, INC. PROFIT SHARING PLAN (2019) Form 5500
Creator: BOAEN MECHANICAL CONTRACTOR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOAEN MECHANICAL CONTRACTOR, INC. PROFIT SHARING PLAN, BOAEN MECHANICAL CONTRACTOR, INC.

BOAEN MECHANICAL CONTRACTOR, INC.EIN 58-1514654Plan #001PY 2019

PO BOX 22054 - SAVANNAH, GA 314032054912-233-3208boaenmechanical.comLinkedIn11-50 employeesconstruction

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$926K

+10.7% from 2018

Total participants

0.0% from 2018

Average account balance

$42,078

+10.7% from 2018

Annual return

0.30%

-6.29 pp from 2018

Benchmarks

See 40,726 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort40,726 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.65M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

78.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$97K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6794

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 codes2J3D

Plan features

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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

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

$42,078

$107,368-60.8%

$92,915-54.7%

$152,909-72.5%

Participation rate

100.0%

79.8%+20.2pp

76.0%+24.0pp

82.5%+17.5pp

Annual return

0.30%

145.64%-145.3pp

109.45%-109.1pp

345.46%-345.2pp

Employer contribution / active EE

$2,093

$4,222-50.4%

$3,653-42.7%

$4,764-56.1%

Participant deferral / active EE

$4,605

$4,848-5.0%

$4,238+8.7%

$5,851-21.3%

Admin fee / account holder

$7,082-100.0%

$5,796-100.0%

$11,601-100.0%

BOAEN MECHANICAL CONTRACTOR, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

BOAEN MECHANICAL CONTRACTOR, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion