Retirement plan

THUNDER ELECTRICAL CONTRACTORS AND CONCURRENT GROUP 401(K) PLAN

Name: THUNDER ELECTRICAL CONTRACTORS, INC. - THUNDER ELECTRICAL CONTRACTORS AND CONCURRENT GROUP 401(K) PLAN (2020) Form 5500
Creator: THUNDER ELECTRICAL CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THUNDER ELECTRICAL CONTRACTORS AND CONCURRENT GROUP 401(K) PLAN, THUNDER ELECTRICAL CONTRACTORS, INC.

THUNDER ELECTRICAL CONTRACTORS, INC.EIN 65-0435205Plan #001PY 2020

7035 S.W. 47TH STREET - MIAMI, FL 33155305-669-1776LinkedIn11-50 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$2.6M

+27.5% from 2019

Total participants

136

-3.5% from 2019

Average account balance

$60,702

+39.4% from 2019

Annual return

13.53%

-5.38 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.04M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

40.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$423K

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

+10.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21503

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

Top 7 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSMUTUAL Service code 15 · EIN 04-1590850	Recordkeeping	$27,364
DEFINITI LLC1 year Filed as: DEFINITI Service code 17	Pension Consulting	$11,054
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 51 · EIN 13-5674085	Investment Mgmt Fees	$7,652
ROBERT HALF1 year Filed as: GROUP RHI-RETIREMENT HORIZONS Service code 17 · EIN 47-4066865	Pension Consulting	$0
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 51 · EIN 13-2808480	Investment Mgmt Fees	$0
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL INVESTMENT Service code 51 · EIN 36-3429599	Investment Mgmt Fees	$0
PENSION ASSURANCE LLP1 year Filed as: PENSION STUDIO Service code 17 · EIN 54-2154380	Pension Consulting	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$38K

$293 / participant

Contract admin$38K100.0%

% of EOY assets

1.472%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ZOMMA GROUP LLP
Auditor EIN: 650715836
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,702

$66,124-8.2%

$90,461-32.9%

$73,497-17.4%

Participation rate

29.0%

69.7%-40.7pp

72.7%-43.7pp

70.7%-41.7pp

Annual return

13.53%

17.65%-4.1pp

1294.76%-1281.2pp

28.51%-15.0pp

Employer contribution / active EE

$895

$2,346-61.8%

$3,264-72.6%

$2,270-60.6%

Participant deferral / active EE

$1,614

$3,039-46.9%

$3,964-59.3%

$3,740-56.8%

Admin fee / account holder

$893

$396+125.5%

$5,617-84.1%

$513+74.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSMUTUAL

Service code 15 · EIN 04-1590850

Recordkeeping

$27,364

DEFINITI LLC1 year

Filed as: DEFINITI

Service code 17

Pension Consulting

$11,054

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH PIERCE FENNER SMITH

Service code 51 · EIN 13-5674085

Investment Mgmt Fees

$7,652

ROBERT HALF1 year

Filed as: GROUP RHI-RETIREMENT HORIZONS

Service code 17 · EIN 47-4066865

Pension Consulting

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH LIFE AGENCY INC

Service code 51 · EIN 13-2808480

Investment Mgmt Fees

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL INVESTMENT

Service code 51 · EIN 36-3429599

Investment Mgmt Fees

PENSION ASSURANCE LLP1 year

Filed as: PENSION STUDIO

Service code 17 · EIN 54-2154380

Pension Consulting

THUNDER ELECTRICAL CONTRACTORS AND CONCURRENT GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THUNDER ELECTRICAL CONTRACTORS AND CONCURRENT GROUP 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