Retirement plan

NEW ATLANTIC 401(K) PLAN

Name: NEW ATLANTIC CONTRACTING, INC. - NEW ATLANTIC 401(K) PLAN (2024) Form 5500
Creator: NEW ATLANTIC CONTRACTING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW ATLANTIC 401(K) PLAN, NEW ATLANTIC CONTRACTING, INC.

NEW ATLANTIC CONTRACTING, INC.EIN 04-3614121Plan #001PY 2024

2635 REYNOLDA ROAD - WINSTON-SALEM, NC 27106336-759-7440

Prospect flagsHigh feesHigh assets / participant

Top hat statement on fileNQDC

Filed April 13, 2020

Plan administrator

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2635 Reynolda Road

Winston Salem, NC 27106

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Plans declared (1)

New Atlantic Contracting, Inc. Executive Deferred Compensation Plan4 emp

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Total assets (EOY)

$15.1M

+4.5% from 2023

Total participants

+28.3% from 2023

Average account balance

$285,321

-3.4% from 2023

Annual return

14.13%

-4.04 pp from 2023

Benchmarks

See 18,536 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,536 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.12M

Not enough data

1 years with asset history on file

Average account balance

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

$285K

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.

85.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$775K

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

+14.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$42117

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

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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 codes2E2F2G2J3D

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.
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

$2.2M

$36003 / participant

Other / not subdivided$2M100.0%

% of EOY assets

14.761%

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

$285,321

$81,476+250.2%

$102,383+178.7%

$80,925+252.6%

Participation rate

75.8%

66.8%+9.0pp

74.5%+1.3pp

67.7%+8.1pp

Annual return

14.13%

25.59%-11.5pp

24.94%-10.8pp

35.65%-21.5pp

Employer contribution / active EE

$3,860

$3,105+24.3%

$3,870-0.3%

$2,756+40.1%

Participant deferral / active EE

$8,633

$3,871+123.0%

$5,060+70.6%

$4,299+100.8%

Admin fee / account holder

$42,117

$6,717+527.0%

$8,391+401.9%

$6,940+506.9%

NEW ATLANTIC 401(K) 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

NEW ATLANTIC 401(K) 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