Retirement plan

POWDER RIVER HEATING AND AIR CONDITIONING 401(K) PLAN

Name: POWDER RIVER HEATING AND AIR CONDITIONING, INC. - POWDER RIVER HEATING AND AIR CONDITIONING 401(K) PLAN (2024) Form 5500
Creator: POWDER RIVER HEATING AND AIR CONDITIONING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, POWDER RIVER HEATING AND AIR CONDITIONING 401(K) PLAN, POWDER RIVER HEATING AND AIR CONDITIONING, INC.

POWDER RIVER HEATING AND AIR CONDITIONING, INC.EIN 83-0242401Plan #001PY 2024

PO BOX 245 - GILLETTE, WY 82717307-682-3009LinkedIn51-200 employeesconstruction

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$9.8M

+9.0% from 2023

Total participants

+6.6% from 2023

Average account balance

$187,793

+11.1% from 2023

Annual return

16.57%

-6.42 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

$9.77M

Not enough data

1 years with asset history on file

Average account balance

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

$188K

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.

59.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$484K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22323

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 codes2E2F2G2J2T3D

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.
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.

Opportunity flags

3 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.)
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

$1.2M

$13191 / participant

Other / not subdivided$1M100.0%

% of EOY assets

11.887%

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

$187,793

$81,476+130.5%

$102,383+83.4%

$80,925+132.1%

Participation rate

48.9%

66.8%-18.0pp

74.5%-25.6pp

67.7%-18.8pp

Annual return

16.57%

25.59%-9.0pp

24.94%-8.4pp

35.65%-19.1pp

Employer contribution / active EE

$1,940

$3,105-37.5%

$3,870-49.9%

$2,756-29.6%

Participant deferral / active EE

$3,554

$3,871-8.2%

$5,060-29.8%

$4,299-17.3%

Admin fee / account holder

$22,323

$6,717+232.3%

$8,391+166.0%

$6,940+221.6%

POWDER RIVER HEATING AND AIR CONDITIONING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

POWDER RIVER HEATING AND AIR CONDITIONING 401(K) 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