Retirement plan

GENTRY CONSTRUCTION CO., INC. 401(K) PROFIT SHARING PLAN

Name: GENTRY CONSTRUCTION CO., INC. - GENTRY CONSTRUCTION CO., INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: GENTRY CONSTRUCTION CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENTRY CONSTRUCTION CO., INC. 401(K) PROFIT SHARING PLAN, GENTRY CONSTRUCTION CO., INC.

GENTRY CONSTRUCTION CO., INC.EIN 11-3463576Plan #001PY 2023

201 MONTAUK HIGHWAY, SUITE 7 - WESTHAMPTON BEACH, NY 119781730631-288-9004

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.4M

+35.7% from 2022

Total participants

+9.1% from 2022

Average account balance

$174,484

+18.8% from 2022

Annual return

26.46%

+52.14 pp from 2022

Benchmarks

See 51,572 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort51,572 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.72M

Not enough data

1 years with asset history on file

Average account balance

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

$191K

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.

90.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$121K

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

+19.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7776

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 codes2E2F2J2T3D

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).
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

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

$174,484

$106,247+64.2%

$96,515+80.8%

$139,466+25.1%

Participation rate

55.6%

77.8%-22.3pp

74.3%-18.8pp

80.3%-24.8pp

Annual return

26.46%

38.47%-12.0pp

35.73%-9.3pp

373.66%-347.2pp

Employer contribution / active EE

$2,797

$4,106-31.9%

$3,740-25.2%

$4,754-41.2%

Participant deferral / active EE

$7,810

$5,456+43.2%

$4,880+60.1%

$6,712+16.4%

Admin fee / account holder

$7,885-100.0%

$6,735-100.0%

$11,409-100.0%

GENTRY CONSTRUCTION CO., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

GENTRY CONSTRUCTION CO., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion