Retirement plan

P.F. BEAL AND SONS, INC. 401K PLAN & TRUST

Name: P.F. BEAL & SONS, INC. - P.F. BEAL AND SONS, INC. 401K PLAN & TRUST (2024) Form 5500
Creator: P.F. BEAL & SONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, P.F. BEAL AND SONS, INC. 401K PLAN & TRUST, P.F. BEAL & SONS, INC.

P.F. BEAL & SONS, INC.EIN 14-1315213Plan #001PY 2024

4 PUTNAM AVENUE - BREWSTER, NY 10509845-279-2460

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$3M

-4.0% from 2023

Total participants

-12.5% from 2023

Average account balance

$297,807

+15.2% from 2023

Annual return

9.94%

-4.11 pp from 2023

Benchmarks

See 54,761 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,761 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.98M

Not enough data

1 years with asset history on file

Average account balance

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

$298K

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.

71.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$117K

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

+9.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$55999

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 codes2E2G2J3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$560K

$39999 / participant

Other / not subdivided$560K100.0%

% of EOY assets

18.804%

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

$297,807

$110,410+169.7%

$102,437+190.7%

$145,897+104.1%

Participation rate

71.4%

77.9%-6.5pp

74.5%-3.1pp

80.3%-8.9pp

Annual return

9.94%

24.85%-14.9pp

24.95%-15.0pp

552.29%-542.4pp

Employer contribution / active EE

$3,369

$4,217-20.1%

$3,871-13.0%

$4,663-27.7%

Participant deferral / active EE

$4,998

$5,622-11.1%

$5,060-1.2%

$6,689-25.3%

Admin fee / account holder

$55,999

$9,745+474.6%

$8,388+567.6%

$13,390+318.2%

P.F. BEAL AND SONS, INC. 401K PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

P.F. BEAL AND SONS, INC. 401K PLAN & TRUST

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