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 (2023) 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 2023

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

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$38M

+43.7% from 2022

Total participants

126

-4.5% from 2022

Average account balance

$306,083

+37.9% from 2022

Annual return

46.49%

+36.16 pp from 2022

Benchmarks

See 111 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Cohort111 peers

Snapshot2023

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
RETIREMENT DIRECT2 years Filed as: RETIREMENT DIRECT LLC Service code 15 · EIN 91-2076699	Recordkeeping	$8,069
CHARLES SCHWAB & CO., INC.2 years Service code 59 · EIN 94-1737782	Shareholder Servicing	$7,908
EPIC RETIREMENT PLAN SERVICES2 years Service code 15 150 STATE ST. · ROCHESTER, NY 14614	Recordkeeping	$3,291
CARON & BLETZER, PLLC2 years Service code 49 · EIN 04-3499945	Other Services	$0
NDT BANK NA2 years Service code 63 · EIN 16-1268674	12b-1 Fees	$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

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$19K

$195 / participant

Trustee / custodial$19K100.0%

% of EOY assets

0.051%

all-in expense ratio

Categories reported

1 / 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

$306,083

$208,526+46.8%

$96,683+216.6%

Participation rate

98.0%

66.0%+32.0pp

74.3%+23.6pp

Annual return

46.49%

18.23%+28.3pp

35.69%+10.8pp

Employer contribution / active EE

$2,616

$2,182+19.9%

$3,737-30.0%

Participant deferral / active EE

$6,504

$4,056+60.4%

$4,878+33.3%

Admin fee / account holder

$155

$13,060-98.8%

$6,730-97.7%

Provider

Service type

Compensation

RETIREMENT DIRECT2 years

Filed as: RETIREMENT DIRECT LLC

Service code 15 · EIN 91-2076699

Recordkeeping

$8,069

CHARLES SCHWAB & CO., INC.2 years

Service code 59 · EIN 94-1737782

Shareholder Servicing

$7,908

EPIC RETIREMENT PLAN SERVICES2 years

Service code 15

150 STATE ST. · ROCHESTER, NY 14614

Recordkeeping

$3,291

CARON & BLETZER, PLLC2 years

Service code 49 · EIN 04-3499945

Other Services

NDT BANK NA2 years

Service code 63 · EIN 16-1268674

12b-1 Fees

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