Retirement plan

SANDY EXCAVATING, INC. 401(K) PLAN

Name: SANDY EXCAVATING, INC - SANDY EXCAVATING, INC. 401(K) PLAN (2017) Form 5500
Creator: SANDY EXCAVATING, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SANDY EXCAVATING, INC. 401(K) PLAN, SANDY EXCAVATING, INC

SANDY EXCAVATING, INCEIN 04-3742714Plan #001PY 2017

4230 RAY DR. - LA PLATA, MD 20646301-684-2145

Prospect flagsLow participationLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$1.6M

+40.1% from 2016

Total participants

124

-10.8% from 2016

Average account balance

$24,221

+73.5% from 2016

Annual return

16.52%

+8.08 pp from 2016

Benchmarks

See 2,582 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,582 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.41M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

64.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$278K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+9.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$873

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

Top 2 by compensation

Provider	Service type	Compensation
NATIONWIDE1 year Service code 26 · EIN 31-1592130	Advisory (Participants)	$11,858
BENJAMIN F EDWARDS & COMPANY INC.1 year Filed as: BENJAMIN W COMPTON Service code 26 P O BOX 2788 · LA PATA, MD 20646	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2T2G2J2K3D2E

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.
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

$1K

$12 / participant

Contract admin$1K100.0%

% of EOY assets

0.085%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HALT BUZAS & POWELL, LTD
Auditor EIN: 260004395
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,221

$58,726-58.8%

$92,240-73.7%

$62,293-61.1%

Participation rate

51.3%

68.3%-17.1pp

76.5%-25.2pp

69.5%-18.2pp

Annual return

16.52%

43.62%-27.1pp

176.29%-159.8pp

28.90%-12.4pp

Employer contribution / active EE

$1,183

$2,392-50.5%

$3,680-67.8%

$2,042-42.1%

Participant deferral / active EE

$1,865

$2,766-32.6%

$3,897-52.1%

$3,169-41.1%

Admin fee / account holder

$21

$556-96.3%

$5,194-99.6%

$479-95.7%

Provider

Service type

Compensation

NATIONWIDE1 year

Service code 26 · EIN 31-1592130

Advisory (Participants)

$11,858

BENJAMIN F EDWARDS & COMPANY INC.1 year

Filed as: BENJAMIN W COMPTON

Service code 26

P O BOX 2788 · LA PATA, MD 20646

Advisory (Participants)

SANDY EXCAVATING, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SANDY EXCAVATING, 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