Retirement plan

CASELLA CONSTRUCTION, INC. 401(K) PLAN

Name: CASELLA CONSTRUCTION, INC. - CASELLA CONSTRUCTION, INC. 401(K) PLAN (2020) Form 5500
Creator: CASELLA CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CASELLA CONSTRUCTION, INC. 401(K) PLAN, CASELLA CONSTRUCTION, INC.

CASELLA CONSTRUCTION, INC.EIN 03-0321732Plan #001PY 2020

25 INDUSTRIAL LANE - MENDON, VT 05701802-773-0052casellainc.comLinkedIn51-200 employeesconstruction

Prospect flagsLow participationLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$4.6M

+8.2% from 2019

Total participants

174

-14.3% from 2019

Average account balance

$49,180

+33.6% from 2019

Annual return

14.28%

-3.70 pp from 2019

Benchmarks

See 2,940 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,940 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$5.85M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

211

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.

71.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$921K

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

+10.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$213

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 3 by compensation

Provider	Service type	Compensation
SETAWAY LLC1 year Service code 13	Contract Administrator	$10,293
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$1,282
CREATIVE PENSION CONSULTANTS, INC.2 years Filed as: CREATIVE PENSION CONSULTANTS Service code 99 433 NEW KARNER ROAD · ALBANY, NY 122053809	Other Fees	$780

Plan features & details

Pension benefit codes2T2E2J2K2F2G3D2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$8K

$53 / participant

Contract admin$8K100.0%

% of EOY assets

0.173%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MCSOLEY MCCOY & CO
Auditor EIN: 030327374
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,180

$69,362-29.1%

$101,248-51.4%

$73,488-33.1%

Participation rate

47.4%

68.4%-21.0pp

75.8%-28.4pp

70.7%-23.3pp

Annual return

14.28%

18.46%-4.2pp

46.47%-32.2pp

28.51%-14.2pp

Employer contribution / active EE

$1,243

$2,628-52.7%

$3,660-66.0%

$2,270-45.2%

Participant deferral / active EE

$2,483

$3,300-24.7%

$4,370-43.2%

$3,740-33.6%

Admin fee / account holder

$85

$704-87.9%

$5,945-98.6%

$513-83.4%

Provider

Service type

Compensation

SETAWAY LLC1 year

Service code 13

Contract Administrator

$10,293

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$1,282

CREATIVE PENSION CONSULTANTS, INC.2 years

Filed as: CREATIVE PENSION CONSULTANTS

Service code 99

433 NEW KARNER ROAD · ALBANY, NY 122053809

Other Fees

$780

CASELLA CONSTRUCTION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CASELLA CONSTRUCTION, INC. 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