Retirement plan

GEORGIA RIGHT OF WAY COMPANY 401(K) PLAN

Name: GEORGIA RIGHT OF WAY COMPANY - GEORGIA RIGHT OF WAY COMPANY 401(K) PLAN (2023) Form 5500
Creator: GEORGIA RIGHT OF WAY COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEORGIA RIGHT OF WAY COMPANY 401(K) PLAN, GEORGIA RIGHT OF WAY COMPANY

GEORGIA RIGHT OF WAY COMPANYEIN 20-8204716Plan #001PY 2023

60 LOGISTICS CENTER PARKWAY - FORSYTH, GA 31029478-412-4720garow.netLinkedIn51-200 employees

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$4.3M

+17.4% from 2022

Total participants

218

+0.9% from 2022

Average account balance

$27,727

+12.8% from 2022

Annual return

13.98%

+27.66 pp from 2022

Benchmarks

See 536 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort536 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.57M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

173

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.

89.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$623K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17

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

Top 2 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES7 years Service code 55 · EIN 59-2937883	Other Commissions	$11,999
FIDELITY INVESTMENTS INSTITUTIONAL8 years Service code 37 · EIN 04-2647786	Loan Processing	$2,325

Plan features & details

Pension benefit codes2G2J2K2T2F3D

Plan features

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2K

$13 / participant

Recordkeeping$2K100.0%

% of EOY assets

0.054%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MCNAIR, MELEMORE, MIDDLEBROOKS & CO
Auditor EIN: 581094351
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,727

$57,752-52.0%

$112,273-75.3%

$71,495-61.2%

Participation rate

65.4%

58.8%+6.5pp

72.4%-7.1pp

67.9%-2.6pp

Annual return

13.98%

18.25%-4.3pp

30.23%-16.2pp

28.85%-14.9pp

Employer contribution / active EE

$1,402

$1,912-26.7%

$3,431-59.1%

$2,589-45.9%

Participant deferral / active EE

$1,877

$2,860-34.4%

$4,800-60.9%

$4,291-56.3%

Admin fee / account holder

$15

$1,586-99.1%

$7,752-99.8%

$1,588-99.1%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES7 years

Service code 55 · EIN 59-2937883

Other Commissions

$11,999

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Service code 37 · EIN 04-2647786

Loan Processing

$2,325

GEORGIA RIGHT OF WAY COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GEORGIA RIGHT OF WAY COMPANY 401(K) 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