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 (2023) 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 2023

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

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$51K

+45.5% from 2022

Total participants

0.0% from 2022

Average account balance

$12,765

+45.5% from 2022

Annual return

15.94%

+35.55 pp from 2022

Benchmarks

See 51,572 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort51,572 peers

Snapshot2023

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$2K

$424 / participant

Other / not subdivided$2K100.0%

% of EOY assets

3.324%

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

$12,765

$106,247-88.0%

$96,515-86.8%

$139,466-90.8%

Participation rate

50.0%

77.8%-27.8pp

74.3%-24.3pp

80.3%-30.3pp

Annual return

15.94%

38.47%-22.5pp

35.73%-19.8pp

373.66%-357.7pp

Employer contribution / active EE

$1,056

$4,106-74.3%

$3,740-71.8%

$4,754-77.8%

Participant deferral / active EE

$1,534

$5,456-71.9%

$4,880-68.6%

$6,712-77.1%

Admin fee / account holder

$424

$7,885-94.6%

$6,735-93.7%

$11,409-96.3%

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

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

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion