Retirement plan

WRIGHT-RYAN CONSTRUCTION, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

Name: WRIGHT-RYAN CONSTRUCTION, INC. - WRIGHT-RYAN CONSTRUCTION, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN (2022) Form 5500
Creator: WRIGHT-RYAN CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WRIGHT-RYAN CONSTRUCTION, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN, WRIGHT-RYAN CONSTRUCTION, INC.

WRIGHT-RYAN CONSTRUCTION, INC.EIN 01-0395961Plan #003PY 2022

10 DANFORTH STREET - PORTLAND, ME 041014567207-773-3625wright-ryan.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$26.4M

+7.6% from 2021

Total participants

132

+9.1% from 2021

Average account balance

$221,982

+5.8% from 2021

Annual return

10.33%

+10.33 pp from 2021

Benchmarks

See 3,002 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,002 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$53.36M

Not enough data

1 years with asset history on file

Average account balance

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

$404K

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.

132

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+39.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$76

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

See the 4-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
CARON & BLETZER, PLLC1 year Service code 49 · EIN 04-3499945	Other Services	$15,725
NDT BANK NA1 year Service code 63 · EIN 16-1268674	12b-1 Fees	$2,628
RETIREMENT DIRECT1 year Filed as: RETIREMENT DIRECT LLC Service code 15 · EIN 91-2076699	Recordkeeping	$2,466
EPIC RETIREMENT PLAN SERVICES1 year Service code 15 150 STATE ST. · ROCHESTER, NY 14614	Recordkeeping	$1,965
CHARLES SCHWAB & CO., INC.1 year Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2I3I2P2Q2E2F2G2J2K2T3D

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.
2I
Stock bonus
Stock bonus plan.
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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$23K

$200 / participant

Other / not subdivided$23K100.0%

% of EOY assets

0.086%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CARON AND BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$221,982

$64,119+246.2%

$112,228+97.8%

$66,914+231.7%

Participation rate

88.6%

68.5%+20.1pp

75.1%+13.5pp

69.8%+18.8pp

Annual return

10.33%

-13.81%+24.1pp

27.45%-17.1pp

1.58%+8.7pp

Employer contribution / active EE

$1,674

$3,005-44.3%

$3,635-53.9%

$2,544-34.2%

Participant deferral / active EE

$5,028

$3,693+36.2%

$4,728+6.3%

$4,237+18.7%

Admin fee / account holder

$191

$625-69.4%

$6,410-97.0%

$593-67.7%

Provider

Service type

Compensation

CARON & BLETZER, PLLC1 year

Service code 49 · EIN 04-3499945

Other Services

$15,725

NDT BANK NA1 year

Service code 63 · EIN 16-1268674

12b-1 Fees

$2,628

RETIREMENT DIRECT1 year

Filed as: RETIREMENT DIRECT LLC

Service code 15 · EIN 91-2076699

Recordkeeping

$2,466

EPIC RETIREMENT PLAN SERVICES1 year

Service code 15

150 STATE ST. · ROCHESTER, NY 14614

Recordkeeping

$1,965

CHARLES SCHWAB & CO., INC.1 year

Service code 59 · EIN 94-1737782

Shareholder Servicing

WRIGHT-RYAN CONSTRUCTION, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WRIGHT-RYAN CONSTRUCTION, INC. EMPLOYEE STOCK OWNERSHIP 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