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 (2017) 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 INCEIN 59-1676595Plan #001PY 2017

2150 NW 18TH ST - POMPANO BEACH, FL 330691534954-977-7433prideac.comLinkedIn51-200 employeesconsumer services

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.4M

+13.1% from 2016

Total participants

106

-1.9% from 2016

Average account balance

$24,555

+23.6% from 2016

Annual return

14.64%

+8.34 pp from 2016

Benchmarks

See 7,912 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort7,912 peers

Snapshot2017

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 codes2F2S2T

Plan features

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).
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.

Opportunity flags

2 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).

Expense breakdown

Schedule H Part II

Admin total

$265K

$2729 / participant

Other / not subdivided$265K100.0%

% of EOY assets

11.115%

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

$24,555

$53,128-53.8%

$86,582-71.6%

$70,126-65.0%

Participation rate

90.7%

65.3%+25.4pp

73.5%+17.2pp

69.5%+21.2pp

Annual return

14.64%

27.66%-13.0pp

965.08%-950.4pp

73.15%-58.5pp

Employer contribution / active EE

$522

$2,068-74.7%

$2,839-81.6%

$2,343-77.7%

Participant deferral / active EE

$1,285

$2,695-52.3%

$3,609-64.4%

$3,332-61.4%

Admin fee / account holder

$2,729

$3,584-23.8%

$4,904-44.3%

$4,645-41.2%

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