Retirement plan

PURL'S SHEET METAL & AIR CONDITIONING 401(K) SAVING PLAN

Name: PURLS SHEET METAL & AIR CONDITIONING - PURL'S SHEET METAL & AIR CONDITIONING 401(K) SAVING PLAN (2024) Form 5500
Creator: PURLS SHEET METAL & AIR CONDITIONING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PURL'S SHEET METAL & AIR CONDITIONING 401(K) SAVING PLAN, PURLS SHEET METAL & AIR CONDITIONING

PURLS SHEET METAL & AIR CONDITIONINGEIN 77-0030122Plan #001PY 2024

232 SOUTH SCHNOOR AVE. - MADERA, CA 93637559-674-2774

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$4.1M

+8.1% from 2023

Total participants

+4.5% from 2023

Average account balance

$95,790

+5.6% from 2023

Annual return

10.76%

-2.88 pp from 2023

Benchmarks

See 18,536 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,536 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.12M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

116.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$298K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9340

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 codes2E2F2G2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$402K

$10855 / participant

Other / not subdivided$402K100.0%

% of EOY assets

9.751%

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

$95,790

$81,476+17.6%

$102,383-6.4%

$80,925+18.4%

Participation rate

91.9%

66.8%+25.0pp

74.5%+17.4pp

67.7%+24.2pp

Annual return

10.76%

25.59%-14.8pp

24.94%-14.2pp

35.65%-24.9pp

Employer contribution / active EE

$2,761

$3,105-11.1%

$3,870-28.7%

$2,756+0.2%

Participant deferral / active EE

$5,296

$3,871+36.8%

$5,060+4.7%

$4,299+23.2%

Admin fee / account holder

$9,340

$6,717+39.0%

$8,391+11.3%

$6,940+34.6%

PURL'S SHEET METAL & AIR CONDITIONING 401(K) SAVING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PURL'S SHEET METAL & AIR CONDITIONING 401(K) SAVING 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