Retirement plan

ENGELBERTH CONSTRUCTION, INC. 401(K) RETIREMENT PLAN

Name: ENGELBERTH CONSTRUCTION, INC. - ENGELBERTH CONSTRUCTION, INC. 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: ENGELBERTH CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENGELBERTH CONSTRUCTION, INC. 401(K) RETIREMENT PLAN, ENGELBERTH CONSTRUCTION, INC.

ENGELBERTH CONSTRUCTION, INC.EIN 03-0228437Plan #001PY 2023

150 WATER TOWER CIRCLE - COLCHESTER, VT 05446802-655-0100engelberth.comLinkedIn51-200 employeesconstruction

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$29.4M

+3.2% from 2022

Total participants

151

-3.2% from 2022

Average account balance

$205,654

+8.2% from 2022

Annual return

13.13%

+26.51 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.84M

Not enough data

1 years with asset history on file

Average account balance

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

$218K

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.

146

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+9.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1360

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290	Contract Administrator	$113,533
RAYMOND JAMES FINANCIAL SERVICES7 years Filed as: RAYMOND JAMES & ASSOCIATES INC. Service code 27	Advisory (Plan)	$57,616
FUTURE PLAN CONSULTING - FORT WAYNE9+ years Filed as: FUTURE PLANNING ASSOCIATES, INC. Service code 49	Other Services	$12,012
FUTURE PLAN CONSULTING - FORT WAYNE8 years Filed as: FUTURE PLANNING ASSOCIATES, INC Service code 49 · EIN 03-0271340	Other Services	$0
RAYMOND JAMES FINANCIAL SERVICES5 years Filed as: RAYMOND JAMES & ASSOCIATES, INC Service code 27 · EIN 59-1237041	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED9+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

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

2 tripped

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

$115K

$1066 / participant

Contract admin$115K100.0%

% of EOY assets

0.391%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GALLAGHER FLYNN & CO LLP
Auditor EIN: 030225774
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$205,654

$76,696+168.1%

$96,515+113.1%

$71,511+187.6%

Participation rate

92.6%

66.6%+26.0pp

74.3%+18.2pp

67.9%+24.7pp

Annual return

13.13%

48.32%-35.2pp

35.73%-22.6pp

28.86%-15.7pp

Employer contribution / active EE

$3,681

$3,032+21.4%

$3,740-1.6%

$2,589+42.2%

Participant deferral / active EE

$11,554

$3,770+206.5%

$4,880+136.8%

$4,291+169.3%

Admin fee / account holder

$805

$2,030-60.3%

$6,735-88.0%

$1,588-49.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY9+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$113,533

RAYMOND JAMES FINANCIAL SERVICES7 years

Filed as: RAYMOND JAMES & ASSOCIATES INC.

Service code 27

Advisory (Plan)

$57,616

FUTURE PLAN CONSULTING - FORT WAYNE9+ years

Filed as: FUTURE PLANNING ASSOCIATES, INC.

Service code 49

Other Services

$12,012

FUTURE PLAN CONSULTING - FORT WAYNE8 years

Filed as: FUTURE PLANNING ASSOCIATES, INC

Service code 49 · EIN 03-0271340

Other Services

RAYMOND JAMES FINANCIAL SERVICES5 years

Filed as: RAYMOND JAMES & ASSOCIATES, INC

Service code 27 · EIN 59-1237041

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED9+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

ENGELBERTH CONSTRUCTION, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENGELBERTH CONSTRUCTION, INC. 401(K) 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