Retirement plan

ESTES HEATING AND AIR CONDITIONING, INC. SIMPLE 401(K) RETIREMENT PLAN

Name: ESTES HEATING AND AIR CONDITIONING, INC. - ESTES HEATING AND AIR CONDITIONING, INC. SIMPLE 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: ESTES HEATING AND AIR CONDITIONING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ESTES HEATING AND AIR CONDITIONING, INC. SIMPLE 401(K) RETIREMENT PLAN, ESTES HEATING AND AIR CONDITIONING, INC.

ESTES HEATING AND AIR CONDITIONING, INC.EIN 63-1060728Plan #001PY 2020

5715 RABBIT CREEK DR - THEODORE, AL 365825239251-443-7837

Prospect flagsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$875K

+13.3% from 2019

Total participants

0.0% from 2019

Average account balance

$87,544

+35.9% from 2019

Annual return

15.30%

-8.66 pp from 2019

Benchmarks

See 16,250 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,250 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$879K

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

54.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$86K

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

+11.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28632

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$58K

$2068 / participant

Other / not subdivided$58K100.0%

% of EOY assets

6.614%

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

$87,544

$72,269+21.1%

$101,271-13.6%

$79,852+9.6%

Participation rate

32.1%

68.5%-36.3pp

75.8%-43.7pp

69.6%-37.5pp

Annual return

15.30%

22.29%-7.0pp

46.48%-31.2pp

31.72%-16.4pp

Employer contribution / active EE

$938

$2,692-65.2%

$3,660-74.4%

$2,471-62.1%

Participant deferral / active EE

$562

$3,282-82.9%

$4,371-87.1%

$3,740-85.0%

Admin fee / account holder

$5,790

$4,401+31.6%

$5,948-2.6%

$5,306+9.1%

ESTES HEATING AND AIR CONDITIONING, INC. SIMPLE 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ESTES HEATING AND AIR CONDITIONING, INC. SIMPLE 401(K) RETIREMENT 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