Retirement plan

DRILLING AND BLASTING 401(K) PLAN

Name: DRILLING AND BLASTING ROCK SPECIALISTS, INC - DRILLING AND BLASTING 401(K) PLAN (2024) Form 5500
Creator: DRILLING AND BLASTING ROCK SPECIALISTS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DRILLING AND BLASTING 401(K) PLAN, DRILLING AND BLASTING ROCK SPECIALISTS, INC

DRILLING AND BLASTING ROCK SPECIALISTS, INCEIN 01-0397471Plan #001PY 2024

28 D AND B ROCK DRIVE - GARDINER, ME 04345207-582-1391drillingandblastingspecialist.comLinkedIn1-10 employees

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$94K

No prior year

Total participants

No prior year

Average account balance

$6,282

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 1,593 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants<25

Cohort1,593 peers

Snapshot2024

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

Analytics

Less than 3 years of history available for this plan

We'll show a chart here once at least 3 consecutive filings are on record.

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 codes2E2G2J2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$996

$66 / participant

Other / not subdivided$996100.0%

% of EOY assets

1.057%

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

$6,282

$210,343-97.0%

$153,476-95.9%

$145,978-95.7%

Participation rate

100.0%

82.1%+17.9pp

77.1%+22.9pp

80.3%+19.7pp

Annual return

0.00%

13.38%-13.4pp

15.66%-15.7pp

550.52%-550.5pp

Employer contribution / active EE

$1,261

$6,047-79.2%

$5,038-75.0%

$4,662-73.0%

Participant deferral / active EE

$4,878

$7,977-38.8%

$6,759-27.8%

$6,690-27.1%

Admin fee / account holder

$66

$19,424-99.7%

$12,729-99.5%

$13,400-99.5%

DRILLING AND BLASTING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DRILLING AND BLASTING 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