Retirement plan

THERMO KING WEST, INC. 401(K) PLAN

Name: THERMO KING WEST, INC. - THERMO KING WEST, INC. 401(K) PLAN (2019) Form 5500
Creator: THERMO KING WEST, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THERMO KING WEST, INC. 401(K) PLAN, THERMO KING WEST, INC.

THERMO KING WEST, INC.EIN 86-0962146Plan #001PY 2019

8800 WEST BUCKEYE ROAD - TOLLESON, AZ 853539376602-443-1602

Prospect flagsRecently reached 100 employeesLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.4M

+38.4% from 2018

Total participants

229

+40.5% from 2018

Average account balance

$25,383

-37.6% from 2018

Annual return

19.23%

+25.15 pp from 2018

Benchmarks

See 1,705 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,705 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.02M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

276

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.

79.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$190

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 3 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC1 year Filed as: CETERA INVESTMENT SERVICES LLC Service code 27 400 FIRST ST SOUTH STE 1200 · ST CLOUD, MN 56301	Advisory (Plan)	$10,215
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SERV Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$5,394
CETERA ADVISOR NETWORKS LLC1 year Filed as: CETERA RETIREMENT PLAN Service code 13 2125 OAK GROVE RD STE 105 · WALNUT CREEK, CA 94598	Contract Administrator	$700

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$16K

$86 / participant

Investment mgmt$16K97.1%
Other / not subdivided$4732.9%

% of EOY assets

0.370%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: FARNSWORTH COMPANY, PLLC
Auditor EIN: 263483997
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,383

$51,620-50.8%

$90,324-71.9%

$65,186-61.1%

Participation rate

70.4%

68.6%+1.7pp

73.3%-2.9pp

70.2%+0.2pp

Annual return

19.23%

24.94%-5.7pp

78.15%-58.9pp

29.39%-10.2pp

Employer contribution / active EE

$1,251

$2,235-44.0%

$2,856-56.2%

$2,177-42.5%

Participant deferral / active EE

$2,963

$2,871+3.2%

$3,885-23.7%

$3,514-15.7%

Admin fee / account holder

$94

$384-75.5%

$5,356-98.2%

$847-88.9%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC1 year

Filed as: CETERA INVESTMENT SERVICES LLC

Service code 27

400 FIRST ST SOUTH STE 1200 · ST CLOUD, MN 56301

Advisory (Plan)

$10,215

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SERV

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$5,394

CETERA ADVISOR NETWORKS LLC1 year

Filed as: CETERA RETIREMENT PLAN

Service code 13

2125 OAK GROVE RD STE 105 · WALNUT CREEK, CA 94598

Contract Administrator

$700

THERMO KING WEST, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THERMO KING WEST, INC. 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