Retirement plan

A. J. PENNA & SON CONSTRUCTION INC. 401(K) PROFIT SHARING PLAN

Name: A.J. PENNA & SON CONSTRUCTION INC. - A. J. PENNA & SON CONSTRUCTION INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: A.J. PENNA & SON CONSTRUCTION INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, A. J. PENNA & SON CONSTRUCTION INC. 401(K) PROFIT SHARING PLAN, A.J. PENNA & SON CONSTRUCTION INC.

A.J. PENNA & SON CONSTRUCTION INC.EIN 06-1509753Plan #001PY 2022

46 INDIAN HILL ROAD - WESTPORT, CT 06880203-227-4053

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3M

-4.3% from 2021

Total participants

+50.0% from 2021

Average account balance

$71,950

-27.1% from 2021

Annual return

-10.20%

-15.41 pp from 2021

Benchmarks

See 17,340 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort17,340 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.11M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

135.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$356K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+8.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1666

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

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 codes2E2G2J2T3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$91K

$2337 / participant

Other / not subdivided$91K100.0%

% of EOY assets

3.016%

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

$71,950

$64,729+11.2%

$112,263-35.9%

$68,490+5.1%

Participation rate

84.6%

67.2%+17.5pp

75.1%+9.6pp

67.9%+16.7pp

Annual return

-10.20%

-11.40%+1.2pp

27.49%-37.7pp

-7.85%-2.4pp

Employer contribution / active EE

$2,467

$2,746-10.2%

$3,636-32.2%

$2,597-5.0%

Participant deferral / active EE

$4,495

$3,566+26.1%

$4,729-5.0%

$4,028+11.6%

Admin fee / account holder

$2,170

$5,222-58.4%

$6,410-66.1%

$5,403-59.8%

A. J. PENNA & SON CONSTRUCTION INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

A. J. PENNA & SON CONSTRUCTION INC. 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