Retirement plan

THE COMFORT GROUP, INC. 401(K) PLAN

Name: THE COMFORT GROUP, INC - THE COMFORT GROUP, INC. 401(K) PLAN (2023) Form 5500
Creator: THE COMFORT GROUP, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE COMFORT GROUP, INC. 401(K) PLAN, THE COMFORT GROUP, INC

THE COMFORT GROUP, INCEIN 62-0798316Plan #001PY 2023

659 THOMPSON LN - NASHVILLE, TN 372043625615-263-2904thecomfortgroup.comLinkedIn201-500 employeesconstruction

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.2M

+6.9% from 2022

Total participants

190

+9.2% from 2022

Average account balance

$43,656

-6.6% from 2022

Annual return

15.67%

+36.45 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.01M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

133

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.

66.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$793K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+28.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$51

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
NORTHWESTERN MUTUAL INVESTMENT SERV3 years Filed as: NORTHWESTERN MUTUAL WEALTH MGMT CO. Service code 27 611 E. WISCONSIN AVENUE · MILWAUKEE, WI 53202	Advisory (Plan)	$15,970
COULTER & JUSTUS3 years Filed as: COULTER & JUSTUS, PC Service code 99 9717 COGDILL ROAD, SUITE 201 · KNOXVILLE, TN 37932	Other Fees	$13,208
ASCENSUS LLC3 years Filed as: FUTUREPLAN BY ASCENSUS Service code 13 · EIN 82-3719843 P.O. BOX 55757 · BOSTON, MA 02205	Contract Administrator	$4,383
AMERICAN FUNDS5 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$950

Plan features & details

Pension benefit codes2E2J2K2F2G2S3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$8K

$53 / participant

Contract admin$8K100.0%

% of EOY assets

0.124%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COULTER & JUSTUS, P.C.
Auditor EIN: 621532536
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,656

$76,696-43.1%

$96,538-54.8%

$71,529-39.0%

Participation rate

67.8%

66.6%+1.2pp

74.3%-6.5pp

67.9%-0.1pp

Annual return

15.67%

48.32%-32.6pp

35.74%-20.1pp

28.97%-13.3pp

Employer contribution / active EE

$1,027

$3,032-66.1%

$3,740-72.5%

$2,590-60.3%

Participant deferral / active EE

$3,730

$3,770-1.1%

$4,880-23.6%

$4,291-13.1%

Admin fee / account holder

$54

$2,030-97.3%

$6,737-99.2%

$1,588-96.6%

Provider

Service type

Compensation

NORTHWESTERN MUTUAL INVESTMENT SERV3 years

Filed as: NORTHWESTERN MUTUAL WEALTH MGMT CO.

Service code 27

611 E. WISCONSIN AVENUE · MILWAUKEE, WI 53202

Advisory (Plan)

$15,970

COULTER & JUSTUS3 years

Filed as: COULTER & JUSTUS, PC

Service code 99

9717 COGDILL ROAD, SUITE 201 · KNOXVILLE, TN 37932

Other Fees

$13,208

ASCENSUS LLC3 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 13 · EIN 82-3719843

P.O. BOX 55757 · BOSTON, MA 02205

Contract Administrator

$4,383

AMERICAN FUNDS5 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$950

THE COMFORT GROUP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE COMFORT GROUP, 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