Retirement plan

ELECTRICAL SPECIALTY SERVICES 401 K PROFIT SHARING PLAN TRUST

Name: ELECTRICAL SPECIALTY SERVICES - ELECTRICAL SPECIALTY SERVICES 401 K PROFIT SHARING PLAN TRUST (2023) Form 5500
Creator: ELECTRICAL SPECIALTY SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELECTRICAL SPECIALTY SERVICES 401 K PROFIT SHARING PLAN TRUST, ELECTRICAL SPECIALTY SERVICES

ELECTRICAL SPECIALTY SERVICESEIN 65-0068286Plan #001PY 2023

INC, 1860 OLD OKEECHOBEE RD STE 206 - WEST PALM BEACH, FL 334095223561-689-8485LinkedIn11-50 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$2.2M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.9M

+13.5% from 2022

Total participants

0.0% from 2022

Average account balance

$46,447

+22.0% from 2022

Annual return

12.36%

+27.65 pp from 2022

Benchmarks

See 18,037 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,037 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.25M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

137.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$279K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+9.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2234

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 codes2T2J2E3D2G2F

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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$300K

$11538 / participant

Other / not subdivided$300K100.0%

% of EOY assets

16.146%

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

$46,447

$73,978-37.2%

$96,515-51.9%

$75,173-38.2%

Participation rate

88.5%

66.4%+22.0pp

74.3%+14.1pp

67.2%+21.3pp

Annual return

12.36%

26.72%-14.4pp

35.73%-23.4pp

160.72%-148.4pp

Employer contribution / active EE

$6,809

$2,931+132.3%

$3,740+82.1%

$2,671+154.9%

Participant deferral / active EE

$4,792

$3,660+30.9%

$4,880-1.8%

$4,126+16.1%

Admin fee / account holder

$7,500

$5,219+43.7%

$6,735+11.3%

$5,651+32.7%

ELECTRICAL SPECIALTY SERVICES 401 K PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELECTRICAL SPECIALTY SERVICES 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