Retirement plan

FERGUSON ELECTRIC COMPANY INC. PREVAILING WAGE/401(K) PLAN

Name: FERGUSON ELECTRIC COMPANY INC. - FERGUSON ELECTRIC COMPANY INC. PREVAILING WAGE/401(K) PLAN (2020) Form 5500
Creator: FERGUSON ELECTRIC COMPANY INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FERGUSON ELECTRIC COMPANY INC. PREVAILING WAGE/401(K) PLAN, FERGUSON ELECTRIC COMPANY INC.

FERGUSON ELECTRIC COMPANY INC.EIN 06-0839579Plan #010PY 2020

112 NORTHWEST DRIVE - PLAINVILLE, CT 06062860-747-4566

Prospect flagsHigh retiree %Low returnsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$33M

+0.8% from 2019

Total participants

364

-25.4% from 2019

Average account balance

$97,850

+40.9% from 2019

Annual return

11.41%

-2.56 pp from 2019

Benchmarks

See 2,940 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,940 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$53.07M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

374

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.

83.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

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

+11.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$420

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
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK ENTERPRISE Service code 13	Contract Administrator	$48,161
ANDREW FAIR, ESQ.2 years Filed as: ANDREW TRUONG/ACCTS Service code 13 701 B ST 6TH FLOOR · SAN DIEGO, CA 921018156	Contract Administrator	$28,755
ALLIANCE PENSION CONSULTANTS, LLC3 years Filed as: ALLIANT INSURANCE SERVICES, INC. Service code 64	Recordkeeping Fees	$13,161
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT SERVICES Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$3,850

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

4 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$75K

$464 / participant

Other / not subdivided$75K100.0%

% of EOY assets

0.228%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,850

$69,362+41.1%

$101,248-3.4%

$73,488+33.2%

Participation rate

83.3%

68.4%+14.9pp

75.8%+7.5pp

70.7%+12.7pp

Annual return

11.41%

18.46%-7.0pp

46.47%-35.1pp

28.51%-17.1pp

Employer contribution / active EE

$22,041

$2,628+738.6%

$3,660+502.3%

$2,270+870.9%

Participant deferral / active EE

$2,521

$3,300-23.6%

$4,370-42.3%

$3,740-32.6%

Admin fee / account holder

$223

$704-68.3%

$5,945-96.3%

$513-56.5%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK ENTERPRISE

Service code 13

Contract Administrator

$48,161

ANDREW FAIR, ESQ.2 years

Filed as: ANDREW TRUONG/ACCTS

Service code 13

701 B ST 6TH FLOOR · SAN DIEGO, CA 921018156

Contract Administrator

$28,755

ALLIANCE PENSION CONSULTANTS, LLC3 years

Filed as: ALLIANT INSURANCE SERVICES, INC.

Service code 64

Recordkeeping Fees

$13,161

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT SERVICES

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$3,850

FERGUSON ELECTRIC COMPANY INC. PREVAILING WAGE/401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FERGUSON ELECTRIC COMPANY INC. PREVAILING WAGE/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