Retirement plan

EMPLOYEE BENEFIT PLAN OF PRIDE AIR CONDITIONING & APPLIANCES, INC.

Name: PRIDE AIR CONDITIONING & APPLIANCES , INC. - EMPLOYEE BENEFIT PLAN OF PRIDE AIR CONDITIONING & APPLIANCES, INC. (2016) Form 5500
Creator: PRIDE AIR CONDITIONING & APPLIANCES , INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF PRIDE AIR CONDITIONING & APPLIANCES, INC., PRIDE AIR CONDITIONING & APPLIANCES , INC.

PRIDE AIR CONDITIONING & APPLIANCES , INC.EIN 59-1676595Plan #001PY 2016

2150 NW 18TH ST - POMPANO BEACH, FL 33069954-977-7433prideac.comLinkedIn51-200 employeesconsumer services

Prospect flagsHigh feesRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$2.1M

-6.0% from 2015

Total participants

108

+33.3% from 2015

Average account balance

$19,862

-28.1% from 2015

Annual return

6.30%

+6.62 pp from 2015

Benchmarks

See 1,686 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,686 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.36M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

89.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$153K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+8.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5803

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 codes2E2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$445K

$4452 / participant

Other / not subdivided$445K100.0%

% of EOY assets

21.146%

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

$19,862

$43,423-54.3%

$78,676-74.8%

$55,167-64.0%

Participation rate

98.0%

68.0%+30.0pp

73.6%+24.4pp

69.0%+29.0pp

Annual return

6.30%

11.53%-5.2pp

62.19%-55.9pp

169.23%-162.9pp

Employer contribution / active EE

$476

$1,997-76.2%

$2,850-83.3%

$1,963-75.8%

Participant deferral / active EE

$1,120

$2,509-55.3%

$3,517-68.1%

$3,054-63.3%

Admin fee / account holder

$4,200

$416+909.3%

$4,510-6.9%

$504+733.5%

EMPLOYEE BENEFIT PLAN OF PRIDE AIR CONDITIONING & APPLIANCES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF PRIDE AIR CONDITIONING & APPLIANCES, INC.

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