Retirement plan

HIGHLAND PAVING COMPANY, LLC 401K PLAN

Name: HIGHLAND PAVING COMPANY, LLC - HIGHLAND PAVING COMPANY, LLC 401K PLAN (2016) Form 5500
Creator: HIGHLAND PAVING COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HIGHLAND PAVING COMPANY, LLC 401K PLAN, HIGHLAND PAVING COMPANY, LLC

HIGHLAND PAVING COMPANY, LLCEIN 20-0397247Plan #001PY 2016

2031 MIDDLE ROAD - FAYETTEVILLE, NC 28312910-485-5790highlandpaving.comLinkedIn51-200 employeesconstruction

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2M

+21.5% from 2015

Total participants

143

+11.7% from 2015

Average account balance

$25,033

+9.0% from 2015

Annual return

7.27%

+7.45 pp from 2015

Benchmarks

See 2,382 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,382 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.26M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

103

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.

32.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$821K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4933

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

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE1 year Service code 15 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$18,307
PENTEGRA SERVICES, INC.1 year Filed as: PENTEGRA RETIREMENT SERVICES Service code 13 · EIN 27-4470015 5350 77 CENTER DRIVE · CHARLOTTE, NC 28217	Contract Administrator	$4,703
MORGAN STANLEY SMITH BARNEY1 year Service code 27 1 NEW YORK PLAZA · NEW YORK, NY 10004	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E3D2F2G2J2K

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

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

$5K

$38 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.256%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PARSONS CPA, PLLC
Auditor EIN: 274214364
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,033

$52,884-52.7%

$84,753-70.5%

$55,167-54.6%

Participation rate

50.8%

67.5%-16.8pp

76.6%-25.8pp

69.0%-18.2pp

Annual return

7.27%

18.03%-10.8pp

22.78%-15.5pp

169.23%-162.0pp

Employer contribution / active EE

$671

$2,233-70.0%

$3,574-81.2%

$1,963-65.8%

Participant deferral / active EE

$1,597

$2,644-39.6%

$3,712-57.0%

$3,054-47.7%

Admin fee / account holder

$64

$581-88.9%

$5,333-98.8%

$504-87.3%

Provider

Service type

Compensation

NATIONWIDE1 year

Service code 15 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$18,307

PENTEGRA SERVICES, INC.1 year

Filed as: PENTEGRA RETIREMENT SERVICES

Service code 13 · EIN 27-4470015

5350 77 CENTER DRIVE · CHARLOTTE, NC 28217

Contract Administrator

$4,703

MORGAN STANLEY SMITH BARNEY1 year

Service code 27

1 NEW YORK PLAZA · NEW YORK, NY 10004

Advisory (Plan)

HIGHLAND PAVING COMPANY, LLC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HIGHLAND PAVING COMPANY, LLC 401K 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