Retirement plan

EAST COAST DRILLING AND BLASTING, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: EAST COAST DRILLING AND BLASTING, INC. - EAST COAST DRILLING AND BLASTING, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2023) Form 5500
Creator: EAST COAST DRILLING AND BLASTING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EAST COAST DRILLING AND BLASTING, INC. EMPLOYEE STOCK OWNERSHIP PLAN, EAST COAST DRILLING AND BLASTING, INC.

EAST COAST DRILLING AND BLASTING, INC.EIN 16-1425971Plan #002PY 2023

481 AIRPORT RD - LOUISBURG, NC 27549919-570-0804eastcoastdrilling.comLinkedIn51-200 employeesconstruction

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$24.9M

+86.8% from 2022

Total participants

151

+1.3% from 2022

Average account balance

$170,271

+86.8% from 2022

Annual return

77.37%

+53.71 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.43M

Not enough data

1 years with asset history on file

Average account balance

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

$147K

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.

214

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.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+8.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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 codes2P2I2Q3I

Plan features

2I
Stock bonus
Stock bonus plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BATCHELOR, TILLERY & ROBERTS, LLP
Auditor EIN: 561750124
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$170,271

$76,696+122.0%

$96,538+76.4%

$71,529+138.0%

Participation rate

96.3%

66.6%+29.7pp

74.3%+21.9pp

67.9%+28.3pp

Annual return

77.37%

48.32%+29.0pp

35.74%+41.6pp

28.97%+48.4pp

Employer contribution / active EE

$12,841

$3,032+323.6%

$3,740+243.3%

$2,590+395.8%

Participant deferral / active EE

$3,770-100.0%

$4,880-100.0%

$4,291-100.0%

Admin fee / account holder

$2,030-100.0%

$6,737-100.0%

$1,588-100.0%

EAST COAST DRILLING AND BLASTING, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

EAST COAST DRILLING AND BLASTING, INC. EMPLOYEE STOCK OWNERSHIP 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