Retirement plan

PACIFIC COMMERCIAL EQUIPMENT, INC. 401(K) PLAN

Name: PACIFIC COMMERCIAL EQUIPMENT, INC. DBA AERO CONSTRUCTION - PACIFIC COMMERCIAL EQUIPMENT, INC. 401(K) PLAN (2020) Form 5500
Creator: PACIFIC COMMERCIAL EQUIPMENT, INC. DBA AERO CONSTRUCTION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACIFIC COMMERCIAL EQUIPMENT, INC. 401(K) PLAN, PACIFIC COMMERCIAL EQUIPMENT, INC. DBA AERO CONSTRUCTION

PACIFIC COMMERCIAL EQUIPMENT, INC. DBA AERO CONSTRUCTIONEIN 91-0890645Plan #002PY 2020

P.O. BOX 295 - SNOHOMISH, WA 98291425-334-0082LinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#001Retirement-$2.5M assets

Prospect flagsLow returnsLow participationLow assets / participantLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$1.6M

+8.8% from 2019

Total participants

145

+5.8% from 2019

Average account balance

$18,164

+14.9% from 2019

Annual return

8.21%

-11.90 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.71M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

134.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$206K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$809

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

Top 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA Service code 15 · EIN 39-0989781 6400 C STREET SW · CEDAR RAPIDS, IA 52404	Recordkeeping	$6,919
CPI QUALIFIED PLAN CONSULTANTS, INC1 year Filed as: CPI QUALIFIED PLAN CONSULTANTS, IN Service code 26 · EIN 48-1205033 600 S. NICOLET RD. · APPLETON, WA 54914	Advisory (Participants)	$4,646
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS Service code 26 · EIN 34-1542819 ONE NORTH JEFFERSON · ST. LOUIS, MO 63103	Advisory (Participants)	$2,013
THE RETIREMENT ADVANTAGE INC1 year Filed as: THE RETIREMENT ADVANTAGE Service code 26 · EIN 39-1816008 600 S. NICOLET RD. · APPLETON, WI 54914	Advisory (Participants)	$1,750
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 26 · EIN 61-1732930 35 E WACKER DRIVE · CHICAGO, IL 60601	Advisory (Participants)	$161

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$15K

$138 / participant

Contract admin$15K100.0%

% of EOY assets

0.958%

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: PAULSEN, MEGAARD &CO., PS
Auditor EIN: 911537851
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,164

$69,383-73.8%

$101,275-82.1%

$73,497-75.3%

Participation rate

50.0%

68.4%-18.4pp

75.8%-25.8pp

70.7%-20.7pp

Annual return

8.21%

18.46%-10.3pp

46.48%-38.3pp

28.51%-20.3pp

Employer contribution / active EE

$632

$2,628-76.0%

$3,660-82.7%

$2,270-72.2%

Participant deferral / active EE

$1,253

$3,301-62.0%

$4,371-71.3%

$3,740-66.5%

Admin fee / account holder

$174

$704-75.3%

$5,948-97.1%

$513-66.1%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA

Service code 15 · EIN 39-0989781

6400 C STREET SW · CEDAR RAPIDS, IA 52404

Recordkeeping

$6,919

CPI QUALIFIED PLAN CONSULTANTS, INC1 year

Filed as: CPI QUALIFIED PLAN CONSULTANTS, IN

Service code 26 · EIN 48-1205033

600 S. NICOLET RD. · APPLETON, WA 54914

Advisory (Participants)

$4,646

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS

Service code 26 · EIN 34-1542819

ONE NORTH JEFFERSON · ST. LOUIS, MO 63103

Advisory (Participants)

$2,013

THE RETIREMENT ADVANTAGE INC1 year

Filed as: THE RETIREMENT ADVANTAGE

Service code 26 · EIN 39-1816008

600 S. NICOLET RD. · APPLETON, WI 54914

Advisory (Participants)

$1,750

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 26 · EIN 61-1732930

35 E WACKER DRIVE · CHICAGO, IL 60601

Advisory (Participants)

$161

PACIFIC COMMERCIAL EQUIPMENT, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACIFIC COMMERCIAL EQUIPMENT, 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