Retirement plan

AMERICAN HEATING, INC. 401(K) PLAN

Name: AMERICAN HEATING, INC. - AMERICAN HEATING, INC. 401(K) PLAN (2017) Form 5500
Creator: AMERICAN HEATING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN HEATING, INC. 401(K) PLAN, AMERICAN HEATING, INC.

AMERICAN HEATING, INC.EIN 93-0674300Plan #001PY 2017

5035 SE 24TH AVENUE - PORTLAND, OR 972024765503-239-4600americanheating.netLinkedIn201-500 employeesconstruction

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$11.9M

+16.2% from 2016

Total participants

289

-2.0% from 2016

Average account balance

$61,579

+4.2% from 2016

Annual return

10.97%

+2.65 pp from 2016

Benchmarks

See 1,124 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,124 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.12M

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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.

189

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.

70.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$266

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

Top 4 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK2+ years Service code 27 · EIN 04-2675571	Advisory (Plan)	$0
MT. HOOD PENSION SERVICE, LLC2+ years Filed as: MT HOOD PENSION SERVICE Service code 49 · EIN 22-3859477	Other Services	$0
MT. HOOD PENSION SERVICE, LLC2+ years Filed as: MT HOOD PENSION SERVICE, LLC Service code 49	Other Services	$0
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$21K

$84 / participant

Investment mgmt$20K94.0%
Contract admin$1K6.0%

% of EOY assets

0.178%

all-in expense ratio

Categories reported

2 / 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: MAGINNIS & CAREY LLP
Auditor EIN: 930567723
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,579

$60,545+1.7%

$92,240-33.2%

$69,631-11.6%

Participation rate

62.5%

72.2%-9.7pp

76.5%-14.0pp

70.7%-8.2pp

Annual return

10.97%

19.71%-8.7pp

176.29%-165.3pp

27571.02%-27560.1pp

Employer contribution / active EE

$927

$2,633-64.8%

$3,680-74.8%

$2,032-54.4%

Participant deferral / active EE

$3,984

$2,828+40.9%

$3,897+2.2%

$3,224+23.6%

Admin fee / account holder

$110

$145-24.3%

$5,194-97.9%

$110-0.7%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK2+ years

Service code 27 · EIN 04-2675571

Advisory (Plan)

MT. HOOD PENSION SERVICE, LLC2+ years

Filed as: MT HOOD PENSION SERVICE

Service code 49 · EIN 22-3859477

Other Services

MT. HOOD PENSION SERVICE, LLC2+ years

Filed as: MT HOOD PENSION SERVICE, LLC

Service code 49

Other Services

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

AMERICAN HEATING, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN HEATING, 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