Retirement plan

MID FLORIDA AIR CONDITIONING I 401 K PROFIT SHARING PLAN TRUST

Name: MID FLORIDA AIR CONDITIONING I - MID FLORIDA AIR CONDITIONING I 401 K PROFIT SHARING PLAN TRUST (2015) Form 5500
Creator: MID FLORIDA AIR CONDITIONING I
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MID FLORIDA AIR CONDITIONING I 401 K PROFIT SHARING PLAN TRUST, MID FLORIDA AIR CONDITIONING I

MID FLORIDA AIR CONDITIONING IEIN 59-2158113Plan #001PY 2015

116 S CHARLES RICHARD BEALL B - DEBARY, FL 32713386-668-8752lakemaryair.comLinkedIn11-50 employeesindividual & family services

Prospect flagsLow returnsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$176K

No prior year

Total participants

No prior year

Average account balance

$7,651

No prior year

Annual return

-4.80%

No prior year

Benchmarks

See 3,280 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort3,280 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.43M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

103.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$129K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2896

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$13K

$515 / participant

Other / not subdivided$13K100.0%

% of EOY assets

7.317%

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

$7,651

$39,798-80.8%

$67,704-88.7%

$59,633-87.2%

Participation rate

88.0%

57.4%+30.6pp

67.5%+20.5pp

68.7%+19.3pp

Annual return

-4.80%

89.94%-94.7pp

25.41%-30.2pp

2041.45%-2046.2pp

Employer contribution / active EE

$1,230

$1,393-11.7%

$2,559-51.9%

$2,203-44.1%

Participant deferral / active EE

$1,238

$2,335-47.0%

$3,585-65.5%

$3,192-61.2%

Admin fee / account holder

$560

$3,212-82.6%

$4,255-86.8%

$4,297-87.0%

MID FLORIDA AIR CONDITIONING I 401 K PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MID FLORIDA AIR CONDITIONING I 401 K PROFIT SHARING PLAN TRUST

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