Retirement plan

K & S AIR CONDITIONING 401(K) PROFIT SHARING PLAN AND TRUST

Name: K & S AIR CONDITIONING, INC. - K & S AIR CONDITIONING 401(K) PROFIT SHARING PLAN AND TRUST (2016) Form 5500
Creator: K & S AIR CONDITIONING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, K & S AIR CONDITIONING 401(K) PROFIT SHARING PLAN AND TRUST, K & S AIR CONDITIONING, INC.

K & S AIR CONDITIONING, INC.EIN 95-3658524Plan #001PY 2016

143 E MEATS AVE - ORANGE, CA 928653309714-685-0077kandsair.comLinkedIn51-200 employeesconstruction

Prospect flagsLow employer contributionRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$4.3M

No prior year

Total participants

133

No prior year

Average account balance

$32,043

No prior year

Annual return

7.19%

No prior year

Benchmarks

See 2,382 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,382 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.09M

Not enough data

1 years with asset history on file

Average account balance

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

$140K

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.

74.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$368K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9836

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION2+ years Service code 13 · EIN 35-1140070	Contract Administrator	$10,795
THE ROSE FINANCIAL GROUP LLC1+ years Filed as: ROSE FINANCIAL GROUP Service code 15	Recordkeeping	$1,025

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

3 tripped

OpportunityLow employer contribution
Employer 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).
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

$12K

$109 / participant

Contract admin$12K100.0%

% of EOY assets

0.277%

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: LONG & ASSOCIATES PC
Auditor EIN: 352009629
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,043

$52,884-39.4%

$84,753-62.2%

$55,167-41.9%

Participation rate

100.0%

67.5%+32.5pp

76.6%+23.4pp

69.0%+31.0pp

Annual return

7.19%

18.03%-10.8pp

22.78%-15.6pp

169.23%-162.0pp

Employer contribution / active EE

$380

$2,233-83.0%

$3,574-89.4%

$1,963-80.6%

Participant deferral / active EE

$1,976

$2,644-25.3%

$3,712-46.8%

$3,054-35.3%

Admin fee / account holder

$89

$581-84.7%

$5,333-98.3%

$504-82.4%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION2+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$10,795

THE ROSE FINANCIAL GROUP LLC1+ years

Filed as: ROSE FINANCIAL GROUP

Service code 15

Recordkeeping

$1,025

K & S AIR CONDITIONING 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

K & S AIR CONDITIONING 401(K) PROFIT SHARING PLAN AND TRUST

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