Retirement plan

COVINGTON AIRCRAFT ENGINES INC EMPLOYEE PROFIT SHARING TRUST

Name: COVINGTON AIRCRAFT ENGINES INC - COVINGTON AIRCRAFT ENGINES INC EMPLOYEE PROFIT SHARING TRUST (2016) Form 5500
Creator: COVINGTON AIRCRAFT ENGINES INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COVINGTON AIRCRAFT ENGINES INC EMPLOYEE PROFIT SHARING TRUST, COVINGTON AIRCRAFT ENGINES INC

COVINGTON AIRCRAFT ENGINES INCEIN 73-0973011Plan #001PY 2016

P O BOX 1344 - OKMULEE, OK 74447918-756-8320

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.3M

No prior year

Total participants

No prior year

Average account balance

$116,777

No prior year

Annual return

6.90%

No prior year

Benchmarks

See 7,816 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort7,816 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.83M

Not enough data

1 years with asset history on file

Average account balance

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

$833K

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.

4.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.07M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+8.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4405

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

1 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 codes2E3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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

$607K

$8921 / participant

Other / not subdivided$607K100.0%

% of EOY assets

7.316%

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

$116,777

$48,076+142.9%

$78,693+48.4%

$62,891+85.7%

Participation rate

100.0%

65.2%+34.8pp

73.6%+26.4pp

69.3%+30.7pp

Annual return

6.90%

31.35%-24.5pp

62.18%-55.3pp

20.14%-13.2pp

Employer contribution / active EE

$8,642

$2,015+328.9%

$2,850+203.2%

$2,281+278.9%

Participant deferral / active EE

$2,588-100.0%

$3,517-100.0%

$3,203-100.0%

Admin fee / account holder

$8,544

$3,207+166.4%

$4,511+89.4%

$4,296+98.9%

COVINGTON AIRCRAFT ENGINES INC EMPLOYEE PROFIT SHARING TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COVINGTON AIRCRAFT ENGINES INC EMPLOYEE PROFIT SHARING 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