Retirement plan

SARAZIN GENERAL CONTRACTORS, INC. CONTRACTORS AND EMPLOYEES 401(K) PROFIT SHARING PLAN

Name: SARAZIN GENERAL CONTRACTORS, INC. - SARAZIN GENERAL CONTRACTORS, INC. CONTRACTORS AND EMPLOYEES 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: SARAZIN GENERAL CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SARAZIN GENERAL CONTRACTORS, INC. CONTRACTORS AND EMPLOYEES 401(K) PROFIT SHARING PLAN, SARAZIN GENERAL CONTRACTORS, INC.

SARAZIN GENERAL CONTRACTORS, INC.EIN 06-1325403Plan #001PY 2018

6 COMMERCE DRIVE - NORTH WINDHAM, CT 06256860-456-4576sarazin.comLinkedIn11-50 employeesconstruction

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$4.8M

+16.8% from 2017

Total participants

+14.3% from 2017

Average account balance

$209,947

-8.6% from 2017

Annual return

11.67%

+1.38 pp from 2017

Benchmarks

See 38,945 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort38,945 peers

Snapshot2018

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$5.97M

Not enough data

1 years with asset history on file

Average account balance

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

$239K

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.

108.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$579K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+13.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8006

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

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

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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 codes2E2F2G2J2T3D3H

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$274K

$11430 / participant

Other / not subdivided$274K100.0%

% of EOY assets

5.681%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$209,947

$97,757+114.8%

$83,848+150.4%

$135,375+55.1%

Participation rate

95.8%

80.0%+15.9pp

76.1%+19.7pp

82.6%+13.2pp

Annual return

11.67%

1287.37%-1275.7pp

850.88%-839.2pp

519.73%-508.1pp

Employer contribution / active EE

$16,723

$4,222+296.1%

$3,631+360.6%

$4,779+249.9%

Participant deferral / active EE

$2,471

$4,682-47.2%

$4,082-39.4%

$5,609-55.9%

Admin fee / account holder

$11,927

$6,674+78.7%

$5,478+117.7%

$10,827+10.2%

SARAZIN GENERAL CONTRACTORS, INC. CONTRACTORS AND EMPLOYEES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SARAZIN GENERAL CONTRACTORS, INC. CONTRACTORS AND EMPLOYEES 401(K) PROFIT SHARING 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