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. (2019) 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 2019

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)

$2.8M

+33.0% from 2018

Total participants

110

+2.8% from 2018

Average account balance

$25,978

+31.8% from 2018

Annual return

18.57%

+21.74 pp from 2018

Benchmarks

See 15,813 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort15,813 peers

Snapshot2019

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 codes2F2G2S2T3D

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).
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.
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

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

$70K

$773 / participant

Other / not subdivided$70K100.0%

% of EOY assets

2.507%

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

$25,978

$65,364-60.3%

$92,909-72.0%

$72,975-64.4%

Participation rate

97.8%

68.3%+29.5pp

76.0%+21.8pp

69.5%+28.3pp

Annual return

18.57%

42.11%-23.5pp

109.44%-90.9pp

81.01%-62.4pp

Employer contribution / active EE

$606

$2,594-76.6%

$3,653-83.4%

$2,440-75.2%

Participant deferral / active EE

$1,604

$3,128-48.7%

$4,238-62.2%

$3,608-55.5%

Admin fee / account holder

$651

$4,251-84.7%

$5,795-88.8%

$5,124-87.3%

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