Retirement plan

INDEPENDENT CONCRETE PUMPING CORPORATION PROFIT SHARING PLAN

Name: INDEPENDENT CONCRETE PUMPING CORP. - INDEPENDENT CONCRETE PUMPING CORPORATION PROFIT SHARING PLAN (2022) Form 5500
Creator: INDEPENDENT CONCRETE PUMPING CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDEPENDENT CONCRETE PUMPING CORPORATION PROFIT SHARING PLAN, INDEPENDENT CONCRETE PUMPING CORP.

INDEPENDENT CONCRETE PUMPING CORP.EIN 04-2702017Plan #001PY 2022

PO BOX 203 - WAKEFIELD, MA 018800403781-246-0423

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$7.4M

-0.2% from 2021

Total participants

+3.3% from 2021

Average account balance

$264,516

-3.8% from 2021

Annual return

6.33%

-34.95 pp from 2021

Benchmarks

See 5,555 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,555 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.59M

Not enough data

1 years with asset history on file

Average account balance

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

$383K

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.

108.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$222K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+6.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5410

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 codes2E2G2J2T3D

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

Expense breakdown

Schedule H Part II

Admin total

$701K

$26951 / participant

Other / not subdivided$701K100.0%

% of EOY assets

9.461%

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

$264,516

$73,019+262.3%

$90,766+191.4%

$68,490+286.2%

Participation rate

88.5%

70.8%+17.6pp

75.7%+12.8pp

67.9%+20.6pp

Annual return

6.33%

-13.81%+20.1pp

-12.16%+18.5pp

-7.85%+14.2pp

Employer contribution / active EE

$6,021

$2,193+174.6%

$2,922+106.1%

$2,597+131.9%

Participant deferral / active EE

$2,135

$3,626-41.1%

$4,565-53.2%

$4,028-47.0%

Admin fee / account holder

$25,026

$5,897+324.4%

$8,446+196.3%

$5,403+363.2%

INDEPENDENT CONCRETE PUMPING CORPORATION PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDEPENDENT CONCRETE PUMPING CORPORATION PROFIT SHARING 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