Retirement plan

WEBCOR BUILDERS 401(K) PROFIT SHARING PLAN

Name: WEBCOR CONSTRUCTION LP DBA WEBCOR BUILDERS - WEBCOR BUILDERS 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: WEBCOR CONSTRUCTION LP DBA WEBCOR BUILDERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEBCOR BUILDERS 401(K) PROFIT SHARING PLAN, WEBCOR CONSTRUCTION LP DBA WEBCOR BUILDERS

WEBCOR CONSTRUCTION LP DBA WEBCOR BUILDERSEIN 20-8399744Plan #001PY 2017

1751 HARBOR BAY PARKWAY SUITE 200 - ALAMEDA, CA 94502510-748-3458

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed April 4, 2022 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

1751 Harbor Bay Parkway S200

Alameda, CA 94502

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Plans declared (3)

Stock Appreciation Rights Plan140 emp
Nonqualified Deferred Compensation Plan122 emp
Webcor Deferred Incentive Plan53 emp

Total covered: 315 employees

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Total assets (EOY)

$76.2M

+32.8% from 2016

Total participants

884

+3.8% from 2016

Average account balance

$88,098

+21.9% from 2016

Annual return

22.87%

+13.60 pp from 2016

Benchmarks

See 1,124 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,124 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$133.62M

Not enough data

1 years with asset history on file

Average account balance

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

$173K

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.

774

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.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+15.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$253

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$171,874
PENSIONMARK FINANCIAL GROUP LLC1 year Service code 27 24 E COTA ST STE 200 · SANTA BARBARA, CA 93101	Advisory (Plan)	$27,509
QDRO CONSULTANTS COMPANY, LLC1 year Service code 16 3071 PEARL ROAD · MEDINA, OH 44256	Consulting	$300
AB FUNDS1 year Filed as: AB COLLECTIVE INVESTMENT TRUST SERI Service code 99 1345 AVE OF THE AMERICAS · NEW YORK, NY 10105	Other Fees	$158

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3F3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$200K

$314 / participant

Investment mgmt$28K13.8%
Contract admin$172K86.0%
Other / not subdivided$3000.2%

% of EOY assets

0.262%

all-in expense ratio

Categories reported

2 / 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: CLIFTONLARSENALLEN
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,098

$60,545+45.5%

$92,240-4.5%

$69,631+26.5%

Participation rate

97.0%

72.2%+24.9pp

76.5%+20.5pp

70.7%+26.3pp

Annual return

22.87%

19.71%+3.2pp

176.29%-153.4pp

27571.02%-27548.2pp

Employer contribution / active EE

$7,586

$2,633+188.1%

$3,680+106.2%

$2,032+273.3%

Participant deferral / active EE

$8,696

$2,828+207.5%

$3,897+123.1%

$3,224+169.7%

Admin fee / account holder

$231

$145+59.6%

$5,194-95.6%

$110+109.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$171,874

PENSIONMARK FINANCIAL GROUP LLC1 year

Service code 27

24 E COTA ST STE 200 · SANTA BARBARA, CA 93101

Advisory (Plan)

$27,509

QDRO CONSULTANTS COMPANY, LLC1 year

Service code 16

3071 PEARL ROAD · MEDINA, OH 44256

Consulting

$300

AB FUNDS1 year

Filed as: AB COLLECTIVE INVESTMENT TRUST SERI

Service code 99

1345 AVE OF THE AMERICAS · NEW YORK, NY 10105

Other Fees

$158

WEBCOR BUILDERS 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (3)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEBCOR BUILDERS 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (3)

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