Retirement plan

THE CALLAHAN COMPANIES 401(K) SAVINGS PLAN

Name: CALLAHAN, INC. - THE CALLAHAN COMPANIES 401(K) SAVINGS PLAN (2024) Form 5500
Creator: CALLAHAN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CALLAHAN COMPANIES 401(K) SAVINGS PLAN, CALLAHAN, INC.

CALLAHAN, INC.EIN 04-3071634Plan #002PY 2024

80 FIRST STREET - BRIDGEWATER, MA 02324508-279-0012LinkedIn1-10 employeesconstruction

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$25.2M

+17.9% from 2023

Total participants

315

+1.0% from 2023

Average account balance

$82,902

+17.9% from 2023

Annual return

13.04%

-7.43 pp from 2023

Benchmarks

See 3,451 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,451 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$25.20M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

304

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.

94.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$299

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
TWELVE POINTS WEALTH MANAGEMENT LLC1 year Filed as: TWELVE POINTS WEALTH MANAGEMENT Service code 27 · EIN 46-5061538	Advisory (Plan)	$28,569
THE ANGELL PENSION GROUP, INC.1 year Filed as: ANGELL PENSION GROUP Service code 49 88 BOYD AVE · EAST PROVIDENCE, RI 02914	Other Services	$11,023
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 60 · EIN 04-2647786	Sub-TA Fees	$2,117

Plan features & details

Pension benefit codes2T3D2S2E2F2G2J2K3H

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.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$91K

$474 / participant

Recordkeeping$88K96.9%
Investment mgmt$3K3.1%

% of EOY assets

0.361%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CITRIN COOPERMAN & COMPANY, LLP
Auditor EIN: 222428965
Audit fees: $0
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,902

$80,724+2.7%

$103,333-19.8%

$74,495+11.3%

Participation rate

94.3%

65.7%+28.6pp

74.5%+19.8pp

67.2%+27.1pp

Annual return

13.04%

27.56%-14.5pp

24.88%-11.8pp

1364.94%-1351.9pp

Employer contribution / active EE

$2,065

$3,157-34.6%

$3,868-46.6%

$2,623-21.3%

Participant deferral / active EE

$9,998

$3,860+159.0%

$5,057+97.7%

$4,346+130.1%

Admin fee / account holder

$299

$2,368-87.4%

$8,355-96.4%

$1,942-84.6%

Provider

Service type

Compensation

TWELVE POINTS WEALTH MANAGEMENT LLC1 year

Filed as: TWELVE POINTS WEALTH MANAGEMENT

Service code 27 · EIN 46-5061538

Advisory (Plan)

$28,569

THE ANGELL PENSION GROUP, INC.1 year

Filed as: ANGELL PENSION GROUP

Service code 49

88 BOYD AVE · EAST PROVIDENCE, RI 02914

Other Services

$11,023

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 60 · EIN 04-2647786

Sub-TA Fees

$2,117

THE CALLAHAN COMPANIES 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CALLAHAN COMPANIES 401(K) SAVINGS 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