Retirement plan

AIRCO SERVICE, INC. EMPLOYEE RETIREMENT 401(K) PLAN & TRUST

Name: AIRCO SERVICE, INC. - AIRCO SERVICE, INC. EMPLOYEE RETIREMENT 401(K) PLAN & TRUST (2019) Form 5500
Creator: AIRCO SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AIRCO SERVICE, INC. EMPLOYEE RETIREMENT 401(K) PLAN & TRUST, AIRCO SERVICE, INC.

AIRCO SERVICE, INC.EIN 73-1081869Plan #001PY 2019

11331 E 58TH ST - TULSA, OK 741466811918-252-5667

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$6.7M

+33.4% from 2018

Total participants

193

+3.8% from 2018

Average account balance

$51,709

+37.5% from 2018

Annual return

22.15%

+28.70 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.17M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

780

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.

41.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$274

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

Top 2 by compensation

Provider	Service type	Compensation
HOOD & ASSOCIATES CPAS PC1 year Filed as: HOOD & ASSOCIATES CPAS, PC Service code 10 · EIN 73-1432162	Accounting	$14,500
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS. Service code 25 · EIN 82-4555287	Directed Trustee	$1,200

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$16K

$93 / participant

Contract admin$16K100.0%

% of EOY assets

0.235%

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: HOOD & ASSOCIATES CPAS, PC
Auditor EIN: 731432162
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,709

$63,114-18.1%

$92,903-44.3%

$65,185-20.7%

Participation rate

61.9%

68.8%-6.9pp

76.0%-14.1pp

70.2%-8.3pp

Annual return

22.15%

28.75%-6.6pp

109.43%-87.3pp

29.38%-7.2pp

Employer contribution / active EE

$1,016

$2,571-60.5%

$3,653-72.2%

$2,177-53.3%

Participant deferral / active EE

$2,844

$3,108-8.5%

$4,238-32.9%

$3,514-19.1%

Admin fee / account holder

$122

$624-80.5%

$5,795-97.9%

$847-85.6%

Provider

Service type

Compensation

HOOD & ASSOCIATES CPAS PC1 year

Filed as: HOOD & ASSOCIATES CPAS, PC

Service code 10 · EIN 73-1432162

Accounting

$14,500

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS.

Service code 25 · EIN 82-4555287

Directed Trustee

$1,200

AIRCO SERVICE, INC. EMPLOYEE RETIREMENT 401(K) PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AIRCO SERVICE, INC. EMPLOYEE RETIREMENT 401(K) 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