Retirement plan

PIONEER CONSTRUCTION 401(K) PLAN

Name: PIONEER CONSTRUCTION CO. - PIONEER CONSTRUCTION 401(K) PLAN (2024) Form 5500
Creator: PIONEER CONSTRUCTION CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PIONEER CONSTRUCTION 401(K) PLAN, PIONEER CONSTRUCTION CO.

PIONEER CONSTRUCTION CO.EIN 23-2863784Plan #001PY 2024

3298 LAKE ARIEL HIGHWAY - HONESDALE, PA 18431570-647-0050pioneerconstruction.netLinkedIn201-500 employeesconstruction

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7.1M

+16.9% from 2023

Total participants

146

+0.7% from 2023

Average account balance

$56,349

+15.0% from 2023

Annual return

10.93%

-1.54 pp from 2023

Benchmarks

See 3,450 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,450 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.10M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

126

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.

83.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$710K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+10.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$502

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6 years Service code 13 · EIN 42-0127290	Contract Administrator	$51,024
AMERIPRISE FINANCIAL SERVICES INC2 years Filed as: AMERIPRISE FINANCIAL SERVICE INC Service code 49	Other Services	$23,699
ASSURANCE DIMENSIONS2 years Filed as: ASSURANCE DIMENSIONS INC Service code 10 · EIN 26-3429295	Accounting	$8,000
DEFINITI LLC1 year Filed as: DEFINITI, LLC Service code 13 · EIN 85-0833363	Contract Administrator	$6,595
AMERIPRISE FINANCIAL SERVICES INC4 years Service code 49 · EIN 51-6041053	Other Services	$0

Plan features & details

Pension benefit codes2E2J2K2F2G2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$63K

$510 / participant

Contract admin$55K87.4%
Other / not subdivided$8K12.6%

% of EOY assets

0.892%

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: ASSURANCE DIMENSIONS
Auditor EIN: 263429295
Audit fees: $7,999
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,349

$80,731-30.2%

$103,374-45.5%

$74,546-24.4%

Participation rate

83.9%

65.7%+18.2pp

74.5%+9.4pp

67.2%+16.7pp

Annual return

10.93%

27.56%-16.6pp

24.89%-14.0pp

1366.03%-1355.1pp

Employer contribution / active EE

$2,141

$3,158-32.2%

$3,869-44.7%

$2,624-18.4%

Participant deferral / active EE

$3,581

$3,860-7.2%

$5,058-29.2%

$4,347-17.6%

Admin fee / account holder

$502

$2,369-78.8%

$8,394-94.0%

$1,944-74.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6 years

Service code 13 · EIN 42-0127290

Contract Administrator

$51,024

AMERIPRISE FINANCIAL SERVICES INC2 years

Filed as: AMERIPRISE FINANCIAL SERVICE INC

Service code 49

Other Services

$23,699

ASSURANCE DIMENSIONS2 years

Filed as: ASSURANCE DIMENSIONS INC

Service code 10 · EIN 26-3429295

Accounting

$8,000

DEFINITI LLC1 year

Filed as: DEFINITI, LLC

Service code 13 · EIN 85-0833363

Contract Administrator

$6,595

AMERIPRISE FINANCIAL SERVICES INC4 years

Service code 49 · EIN 51-6041053

Other Services

PIONEER CONSTRUCTION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PIONEER CONSTRUCTION 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