Retirement plan

TOP GUN 401(K) PLAN

Name: TOP GUN PRESSURE WASHING, INC. - TOP GUN 401(K) PLAN (2018) Form 5500
Creator: TOP GUN PRESSURE WASHING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOP GUN 401(K) PLAN, TOP GUN PRESSURE WASHING, INC.

TOP GUN PRESSURE WASHING, INC.EIN 84-1204066Plan #001PY 2018

500 W 67TH ST - LOVELAND, CO 805381184970-203-1110

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed August 6, 2019

Plan administrator

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500 W. 67th St.

Loveland, CO 80538

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Plans declared (1)

Top Gun Pressure Washing, Inc. Phantom Equity Plan2 emp

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Total assets (EOY)

$937K

-4.5% from 2017

Total participants

-5.0% from 2017

Average account balance

$66,897

+9.1% from 2017

Annual return

-9.46%

-28.08 pp from 2017

Benchmarks

See 38,943 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort38,943 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.90M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

143

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.

25.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$925K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+19.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$232

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

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

1 tripped

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

$49K

$2600 / participant

Other / not subdivided$49K100.0%

% of EOY assets

5.275%

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

$66,897

$97,761-31.6%

$83,850-20.2%

$135,382-50.6%

Participation rate

73.7%

80.0%-6.3pp

76.1%-2.5pp

82.6%-9.0pp

Annual return

-9.46%

1287.44%-1296.9pp

850.92%-860.4pp

519.77%-529.2pp

Employer contribution / active EE

$1,265

$4,222-70.0%

$3,631-65.2%

$4,779-73.5%

Participant deferral / active EE

$3,882

$4,682-17.1%

$4,082-4.9%

$5,609-30.8%

Admin fee / account holder

$3,529

$6,674-47.1%

$5,478-35.6%

$10,829-67.4%

TOP GUN 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOP GUN 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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