Retirement plan

FLATIRON CONSTRUCTION CORP. 401(K) PROFIT SHARING PLAN

Name: FLATIRON CONSTRUCTION CORP. - FLATIRON CONSTRUCTION CORP. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: FLATIRON CONSTRUCTION CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLATIRON CONSTRUCTION CORP. 401(K) PROFIT SHARING PLAN, FLATIRON CONSTRUCTION CORP.

FLATIRON CONSTRUCTION CORP.EIN 04-3147491Plan #004PY 2022

385 INTERLOCKEN CRESCENT, SUITE 900 - BROOMFIELD, CO 80021720-494-8030flatironcorp.comLinkedIn1001-5000 employeesconstruction

Prospect flagsLow returnsFailed to provide benefitCorrective distributions

Top hat statement on fileNQDC

Filed September 6, 2018

Plan administrator

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385 Interlocken Crescent, Suite 900

Broomfield State: CO Zip Code: 80020

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Plans declared (1)

Flatiron Construction Corporation Executive Deferred Compensation Plan3 emp

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Total assets (EOY)

$179.7M

-16.8% from 2021

Total participants

1,966

+3.7% from 2021

Average account balance

$92,055

-19.6% from 2021

Annual return

-17.49%

-34.62 pp from 2021

Benchmarks

See 502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort502 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$260.97M

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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.

2,203

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.

93.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$26.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+16.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$200

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 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	$220,401
STRATEGIC ADVISORS, INC.8+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$82,702
USI CONSULTING GROUP5 years Filed as: USI ADVISORS INC. Service code 27 · EIN 06-1397347	Advisory (Plan)	$65,996
SHERMAN & HOWARD3 years Service code 29 · EIN 84-0420314	Legal	$5,169

Plan features & details

Pension benefit codes2E2F2G2J2S2T3H3D

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.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$378K

$304 / participant

Investment mgmt$83K21.9%
Other / not subdivided$295K78.1%

% of EOY assets

0.210%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,055

$76,774+19.9%

$112,263-18.0%

$77,906+18.2%

Participation rate

98.9%

80.2%+18.7pp

75.1%+23.8pp

73.7%+25.2pp

Annual return

-17.49%

-10.25%-7.2pp

27.49%-45.0pp

12.16%-29.6pp

Employer contribution / active EE

$6,922

$3,977+74.1%

$3,636+90.4%

$2,846+143.2%

Participant deferral / active EE

$9,642

$3,778+155.2%

$4,729+103.9%

$4,805+100.7%

Admin fee / account holder

$194

$239-19.0%

$6,410-97.0%

$133+46.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

$220,401

STRATEGIC ADVISORS, INC.8+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$82,702

USI CONSULTING GROUP5 years

Filed as: USI ADVISORS INC.

Service code 27 · EIN 06-1397347

Advisory (Plan)

$65,996

SHERMAN & HOWARD3 years

Service code 29 · EIN 84-0420314

Legal

$5,169

FLATIRON CONSTRUCTION CORP. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLATIRON CONSTRUCTION CORP. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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