Retirement plan

MITCHELL MECHANICAL HEATING & AIR CONDITIONING, INC. 401(K) PLAN

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

MITCHELL MECHANICAL HEATING & AIR CONDITIONING, INC.EIN 58-2030809Plan #001PY 2022

1398 DUNCAN LANE - AUBURN, GA 30011770-995-7585

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$739K

-2.0% from 2021

Total participants

0.0% from 2021

Average account balance

$38,916

+3.2% from 2021

Annual return

-13.29%

-29.09 pp from 2021

Benchmarks

See 48,271 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort48,271 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$841K

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

121.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$89K

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

+10.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18837

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 codes2E2F2G2J2T3D

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.
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

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

$13K

$874 / participant

Other / not subdivided$13K100.0%

% of EOY assets

1.772%

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

$38,916

$133,998-71.0%

$112,263-65.3%

$134,545-71.1%

Participation rate

93.3%

78.6%+14.8pp

75.1%+18.3pp

81.2%+12.1pp

Annual return

-13.29%

47.17%-60.5pp

27.49%-40.8pp

418.37%-431.7pp

Employer contribution / active EE

$2,579

$4,040-36.2%

$3,636-29.1%

$4,742-45.6%

Participant deferral / active EE

$3,919

$5,292-25.9%

$4,729-17.1%

$6,401-38.8%

Admin fee / account holder

$690

$7,493-90.8%

$6,410-89.2%

$11,431-94.0%

MITCHELL MECHANICAL HEATING & AIR CONDITIONING, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MITCHELL MECHANICAL HEATING & AIR CONDITIONING, INC. 401(K) 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