Retirement plan

ALPHA MECHANICAL PENSION PLAN AND TRUST

Name: ALPHA MECHANICAL, INC. - ALPHA MECHANICAL PENSION PLAN AND TRUST (2024) Form 5500
Creator: ALPHA MECHANICAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALPHA MECHANICAL PENSION PLAN AND TRUST, ALPHA MECHANICAL, INC.

ALPHA MECHANICAL, INC.EIN 73-1696499Plan #001PY 2024

1866 FRIENDSHIP DRIVE - EL CAJON, CA 92020858-278-3500alphamechanical.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.1M

+11.3% from 2023

Total participants

124

-2.4% from 2023

Average account balance

$57,469

+33.4% from 2023

Annual return

11.78%

-3.37 pp from 2023

Benchmarks

See 18,593 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,593 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$6.09M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

106

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.

79.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+11.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$721

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION10+ years Service code 13 · EIN 35-1140070 1300 S. CLINTON ST · FORT WAYNE, IN 46802	Contract Administrator	$39,184
JGD & ASSOCIATES LLP1 year Filed as: JDG & ASSOCIATES, LLP Service code 10 · EIN 95-3132551	Accounting	$12,500
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS Service code 26 · EIN 46-3692968	Advisory (Participants)	$9,819

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D3H2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$76K

$888 / participant

Investment mgmt$25K32.4%
Contract admin$39K51.3%
Other / not subdivided$13K16.4%

% of EOY assets

1.254%

all-in expense ratio

Categories reported

2 / 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: ABCDEFGHI ABCDEF
Auditor EIN: 953132551
Audit fees: $12,500
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,469

$81,460-29.5%

$103,333-44.4%

$80,856-28.9%

Participation rate

79.1%

66.8%+12.2pp

74.5%+4.6pp

67.6%+11.4pp

Annual return

11.78%

25.55%-13.8pp

24.88%-13.1pp

35.59%-23.8pp

Employer contribution / active EE

$9,193

$3,105+196.1%

$3,868+137.7%

$2,755+233.7%

Participant deferral / active EE

$2,787

$3,869-28.0%

$5,057-44.9%

$4,296-35.1%

Admin fee / account holder

$721

$6,566-89.0%

$8,355-91.4%

$6,918-89.6%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION10+ years

Service code 13 · EIN 35-1140070

1300 S. CLINTON ST · FORT WAYNE, IN 46802

Contract Administrator

$39,184

JGD & ASSOCIATES LLP1 year

Filed as: JDG & ASSOCIATES, LLP

Service code 10 · EIN 95-3132551

Accounting

$12,500

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO ADVISORS

Service code 26 · EIN 46-3692968

Advisory (Participants)

$9,819

ALPHA MECHANICAL PENSION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALPHA MECHANICAL PENSION PLAN AND 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