Retirement plan

CARVER PUMP SERVICE 401K PROFIT SHARING PLAN

Name: TOMMY'S PUMP SERVICE, INC. - CARVER PUMP SERVICE 401K PROFIT SHARING PLAN (2023) Form 5500
Creator: TOMMY'S PUMP SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARVER PUMP SERVICE 401K PROFIT SHARING PLAN, TOMMY'S PUMP SERVICE, INC.

TOMMY'S PUMP SERVICE, INC.dba CARVER PUMP SERVICEEIN 94-2443344Plan #001PY 2023

139 N. CAIN ST. - VISALIA, CA 93292559-622-0622

Prospect flagsLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$891K

+21.6% from 2022

Total participants

+6.5% from 2022

Average account balance

$27,859

+10.2% from 2022

Annual return

16.48%

+34.03 pp from 2022

Benchmarks

See 1,742 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,742 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$932K

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

212.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$41K

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

+12.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3326

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

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 codes2E2F2G2J3D

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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$5K

$335 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.602%

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

$27,859

$94,749-70.6%

$112,899-75.3%

$139,466-80.0%

Participation rate

93.8%

81.3%+12.5pp

80.5%+13.2pp

80.3%+13.4pp

Annual return

16.48%

40.92%-24.4pp

34.11%-17.6pp

373.66%-357.2pp

Employer contribution / active EE

$1,250

$4,630-73.0%

$4,566-72.6%

$4,754-73.7%

Participant deferral / active EE

$1,426

$6,517-78.1%

$6,516-78.1%

$6,712-78.8%

Admin fee / account holder

$168

$8,530-98.0%

$7,047-97.6%

$11,409-98.5%

CARVER PUMP SERVICE 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARVER PUMP SERVICE 401K PROFIT SHARING 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