Retirement plan

ACE CLEARWATER ENTERPRISES 401(K) PROFIT SHARING PLAN

Name: ACE CLEARWATER ENTERPRISES - ACE CLEARWATER ENTERPRISES 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: ACE CLEARWATER ENTERPRISES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACE CLEARWATER ENTERPRISES 401(K) PROFIT SHARING PLAN, ACE CLEARWATER ENTERPRISES

ACE CLEARWATER ENTERPRISESEIN 95-2136491Plan #002PY 2020

19815 MAGELLAN DR. - TORRANCE, CA 90502310-538-5380aceclearwater.comLinkedIn51-200 employeesaviation & aerospace

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$7.9M

+6.5% from 2019

Total participants

224

-2.6% from 2019

Average account balance

$56,140

+11.1% from 2019

Annual return

19.26%

-1.69 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.15M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

127

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.

33.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$310K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+16.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$340

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

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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$22K

$155 / participant

Contract admin$22K100.0%

% of EOY assets

0.286%

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: SWENSON ACCOUNTANCY CORPORATION
Auditor EIN: 330335865
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,140

$73,638-23.8%

$95,964-41.5%

$73,497-23.6%

Participation rate

42.1%

76.2%-34.1pp

77.1%-35.0pp

70.7%-28.6pp

Annual return

19.26%

16.78%+2.5pp

91.64%-72.4pp

28.51%-9.3pp

Employer contribution / active EE

$1,863-100.0%

$2,541-100.0%

$2,270-100.0%

Participant deferral / active EE

$2,173

$3,617-39.9%

$4,167-47.8%

$3,740-41.9%

Admin fee / account holder

$161

$482-66.7%

$6,797-97.6%

$513-68.7%

ACE CLEARWATER ENTERPRISES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACE CLEARWATER ENTERPRISES 401(K) 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