Retirement plan

SUPERIOR WALLS OF CENTRAL VIRGINIA, INC. 401(K) SAVINGS AND RETIREMENT PLAN

Name: SUPERIOR WALLS OF CENTRAL VIRGINIA, INC. - SUPERIOR WALLS OF CENTRAL VIRGINIA, INC. 401(K) SAVINGS AND RETIREMENT PLAN (2023) Form 5500
Creator: SUPERIOR WALLS OF CENTRAL VIRGINIA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUPERIOR WALLS OF CENTRAL VIRGINIA, INC. 401(K) SAVINGS AND RETIREMENT PLAN, SUPERIOR WALLS OF CENTRAL VIRGINIA, INC.

SUPERIOR WALLS OF CENTRAL VIRGINIA, INC.EIN 02-0604044Plan #001PY 2023

10101 SUPERIOR WAY - AMELIA COURT HOUSE, VA 230024744804-561-9255LinkedIn1-10 employeesconstruction

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$634K

+13.9% from 2022

Total participants

+2.8% from 2022

Average account balance

$52,860

+32.8% from 2022

Annual return

5.95%

+19.27 pp from 2022

Benchmarks

See 5,448 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,448 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$645K

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.

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.

33.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$97K

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

+3.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11817

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

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 codes2E2F2G2J3H2T3D

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$77K

$2127 / participant

Other / not subdivided$77K100.0%

% of EOY assets

12.074%

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

$52,860

$79,955-33.9%

$98,461-46.3%

$75,173-29.7%

Participation rate

30.6%

70.4%-39.8pp

75.2%-44.6pp

67.2%-36.6pp

Annual return

5.95%

19.75%-13.8pp

21.17%-15.2pp

160.72%-154.8pp

Employer contribution / active EE

$958

$2,264-57.7%

$3,049-68.6%

$2,671-64.1%

Participant deferral / active EE

$2,216

$3,752-40.9%

$4,738-53.2%

$4,126-46.3%

Admin fee / account holder

$6,382

$6,841-6.7%

$8,961-28.8%

$5,651+12.9%

SUPERIOR WALLS OF CENTRAL VIRGINIA, INC. 401(K) SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUPERIOR WALLS OF CENTRAL VIRGINIA, INC. 401(K) SAVINGS AND RETIREMENT 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