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 (2021) 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 2021

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

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$3M

+13.4% from 2020

Total participants

-29.4% from 2020

Average account balance

$65,773

+8.4% from 2020

Annual return

8.82%

-4.71 pp from 2020

Benchmarks

See 8,925 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,925 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.89M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

55.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$448K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2301

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
DEFINITI LLC2 years Filed as: DEFINITI Service code 17	Pension Consulting	$0
ROBERT HALF2 years Filed as: GROUP RHI-RETIREMENT HORIZONS Service code 17 · EIN 47-4066865	Pension Consulting	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSMUTUAL Service code 15 · EIN 04-1590850	Recordkeeping	$0
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 51 · EIN 13-2808480	Investment Mgmt Fees	$0
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 51 · EIN 13-5674085	Investment Mgmt Fees	$0
MESIROW FINANCIAL INVESTMENT MANAGE2 years Filed as: MESIROW FINANCIAL INVESTMENT Service code 51 · EIN 36-3429599	Investment Mgmt Fees	$0
PENSION ASSURANCE LLP2 years 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

3 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$43K

$537 / participant

Contract admin$43K100.0%

% of EOY assets

1.469%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,773

$65,409+0.6%

$98,442-33.2%

$85,850-23.4%

Participation rate

37.0%

65.0%-28.0pp

73.3%-36.3pp

69.3%-32.3pp

Annual return

8.82%

21.76%-12.9pp

1492.73%-1483.9pp

318.53%-309.7pp

Employer contribution / active EE

$1,333

$2,168-38.5%

$2,960-55.0%

$2,565-48.0%

Participant deferral / active EE

$2,729

$3,166-13.8%

$4,276-36.2%

$3,952-31.0%

Admin fee / account holder

$966

$4,593-79.0%

$5,949-83.8%

$6,260-84.6%

Provider

Service type

Compensation

DEFINITI LLC2 years

Filed as: DEFINITI

Service code 17

Pension Consulting

ROBERT HALF2 years

Filed as: GROUP RHI-RETIREMENT HORIZONS

Service code 17 · EIN 47-4066865

Pension Consulting

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSMUTUAL

Service code 15 · EIN 04-1590850

Recordkeeping

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH LIFE AGENCY INC

Service code 51 · EIN 13-2808480

Investment Mgmt Fees

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH PIERCE FENNER SMITH

Service code 51 · EIN 13-5674085

Investment Mgmt Fees

MESIROW FINANCIAL INVESTMENT MANAGE2 years

Filed as: MESIROW FINANCIAL INVESTMENT

Service code 51 · EIN 36-3429599

Investment Mgmt Fees

PENSION ASSURANCE LLP2 years

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