Retirement plan

LOWER ALABAMA HEATING COOLING AND REFRIGERATION, LLC 401(K) PROFIT SHARING PLAN

Name: LOWER ALABAMA HEATING COOLING AND - LOWER ALABAMA HEATING COOLING AND REFRIGERATION, LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: LOWER ALABAMA HEATING COOLING AND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOWER ALABAMA HEATING COOLING AND REFRIGERATION, LLC 401(K) PROFIT SHARING PLAN, LOWER ALABAMA HEATING COOLING AND

LOWER ALABAMA HEATING COOLING ANDEIN 81-3804386Plan #001PY 2024

95 MASSEY STREET - CHATOM, AL 36518251-225-0676

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$68K

+33.8% from 2023

Total participants

-16.7% from 2023

Average account balance

$17,082

+33.8% from 2023

Annual return

12.90%

-3.04 pp from 2023

Benchmarks

See 54,965 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,965 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$68K

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.90%

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 codes2E2F2J2T3B3D

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.
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

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

$17,082

$111,814-84.7%

$103,374-83.5%

$145,959-88.3%

Participation rate

66.7%

77.9%-11.3pp

74.5%-7.8pp

80.3%-13.6pp

Annual return

12.90%

24.77%-11.9pp

24.89%-12.0pp

561.95%-549.1pp

Employer contribution / active EE

$1,583

$4,214-62.4%

$3,869-59.1%

$4,661-66.0%

Participant deferral / active EE

$1,979

$5,618-64.8%

$5,058-60.9%

$6,689-70.4%

Admin fee / account holder

$9,754-100.0%

$8,394-100.0%

$13,398-100.0%

LOWER ALABAMA HEATING COOLING AND REFRIGERATION, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

LOWER ALABAMA HEATING COOLING AND REFRIGERATION, LLC 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