Retirement plan

GLOVER & SON HEATING AND AIR CONDITIONING, INC. 401(K) PROFIT SHARING PLAN

Name: GLOVER & SON HEATING AND AIR CONDITIONING, INC. - GLOVER & SON HEATING AND AIR CONDITIONING, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: GLOVER & SON HEATING AND AIR CONDITIONING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GLOVER & SON HEATING AND AIR CONDITIONING, INC. 401(K) PROFIT SHARING PLAN, GLOVER & SON HEATING AND AIR CONDITIONING, INC.

GLOVER & SON HEATING AND AIR CONDITIONING, INC.EIN 68-0444514Plan #001PY 2017

7150 STEVENSON BLVD. - FREMONT, CA 94538510-657-6741

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$160K

+69.6% from 2016

Total participants

0.0% from 2016

Average account balance

$39,883

+69.6% from 2016

Annual return

22.87%

+17.04 pp from 2016

Benchmarks

See 37,229 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort37,229 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$979K

Not enough data

1 years with asset history on file

Average account balance

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

$245K

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$63K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+19.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2J2T3D

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).
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

1 tripped

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

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

$39,883

$106,008-62.4%

$92,240-56.8%

$147,586-73.0%

Participation rate

57.1%

80.4%-23.3pp

76.5%-19.3pp

82.8%-25.7pp

Annual return

22.87%

50.05%-27.2pp

176.29%-153.4pp

578.59%-555.7pp

Employer contribution / active EE

$1,509

$4,333-65.2%

$3,680-59.0%

$4,876-69.0%

Participant deferral / active EE

$4,767

$4,478+6.5%

$3,897+22.3%

$5,439-12.3%

Admin fee / account holder

$6,333-100.0%

$5,194-100.0%

$10,886-100.0%

GLOVER & SON HEATING AND AIR CONDITIONING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

GLOVER & SON HEATING AND AIR CONDITIONING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion