Retirement plan

AIRO MECHANICAL 401(K) PLAN

Name: AIRO MECHANICAL LLC - AIRO MECHANICAL 401(K) PLAN (2024) Form 5500
Creator: AIRO MECHANICAL LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AIRO MECHANICAL 401(K) PLAN, AIRO MECHANICAL LLC

AIRO MECHANICAL LLCEIN 85-3594133Plan #001PY 2024

131 SUMMERVILLE DRIVE - MOORESVILLE, NC 28115704-464-3076airomechanical.comLinkedIn51-200 employeesconstruction

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$2.5M

+49.0% from 2023

Total participants

189

+14.5% from 2023

Average account balance

$13,319

+28.3% from 2023

Annual return

30.00%

+9.62 pp from 2023

Benchmarks

See 2,058 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,058 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.49M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

187

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$830K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+30.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$84

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
ANDREW FAIR, ESQ.1 year Filed as: ANDREW BAYLISS Service code 27 · EIN 36-2668272 1166 AVENUES OF AMERICAS · NEW YORK, NY 10036	Advisory (Plan)	$5,558

Plan features & details

Pension benefit codes2A2E2J2F2G3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$16K

$141 / participant

Investment mgmt$16K100.0%

% of EOY assets

0.627%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,319

$60,393-77.9%

$81,820-83.7%

$74,429-82.1%

Participation rate

98.2%

62.9%+35.3pp

72.4%+25.8pp

67.2%+31.0pp

Annual return

30.00%

16.89%+13.1pp

777.93%-747.9pp

1368.38%-1338.4pp

Employer contribution / active EE

$2,454

$2,626-6.6%

$2,915-15.8%

$2,625-6.5%

Participant deferral / active EE

$5,024

$3,397+47.9%

$4,323+16.2%

$4,348+15.5%

Admin fee / account holder

$84

$1,491-94.4%

$7,391-98.9%

$1,944-95.7%

Provider

Service type

Compensation

ANDREW FAIR, ESQ.1 year

Filed as: ANDREW BAYLISS

Service code 27 · EIN 36-2668272

1166 AVENUES OF AMERICAS · NEW YORK, NY 10036

Advisory (Plan)

$5,558

AIRO MECHANICAL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AIRO MECHANICAL 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