Retirement plan

CROWDER CONSTRUCTORS 401(K) SAVINGS AND PROFIT-SHARING PLAN

Name: CROWDER CONSTRUCTORS INC. - CROWDER CONSTRUCTORS 401(K) SAVINGS AND PROFIT-SHARING PLAN (2023) Form 5500
Creator: CROWDER CONSTRUCTORS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CROWDER CONSTRUCTORS 401(K) SAVINGS AND PROFIT-SHARING PLAN, CROWDER CONSTRUCTORS INC.

CROWDER CONSTRUCTORS INC.EIN 26-0388512Plan #002PY 2023

6425 BROOKSHIRE BLVD - CHARLOTTE, NC 282160301704-716-5145LinkedIn501-1000 employeesconstruction

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$59.4M

-2.6% from 2022

Total participants

879

+2.9% from 2022

Average account balance

$70,595

-4.1% from 2022

Annual return

-3.94%

-8.90 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$76.33M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

841

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+4.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$227

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290	Contract Administrator	$168,738
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING, INC. Service code 27 · EIN 43-1270780	Advisory (Plan)	$33,308
LOCKTON INVESTMENT ADVISORS, LLC3 years Service code 27 · EIN 20-8874282	Advisory (Plan)	$16,113
GREERWALKER LLP5 years Service code 10 · EIN 56-1434747	Accounting	$14,300

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$168K

$260 / participant

Contract admin$168K100.0%

% of EOY assets

0.283%

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: GREERWALKER LLP
Auditor EIN: 561434747
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,595

$93,010-24.1%

$96,515-26.9%

$74,460-5.2%

Participation rate

94.1%

71.6%+22.6pp

74.3%+19.8pp

70.7%+23.4pp

Annual return

-3.94%

37.50%-41.4pp

35.73%-39.7pp

34.38%-38.3pp

Employer contribution / active EE

$2,483

$3,427-27.6%

$3,740-33.6%

$2,638-5.9%

Participant deferral / active EE

$7,162

$3,971+80.4%

$4,880+46.8%

$4,530+58.1%

Admin fee / account holder

$200

$633-68.4%

$6,735-97.0%

$348-42.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY7+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$168,738

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING, INC.

Service code 27 · EIN 43-1270780

Advisory (Plan)

$33,308

LOCKTON INVESTMENT ADVISORS, LLC3 years

Service code 27 · EIN 20-8874282

Advisory (Plan)

$16,113

GREERWALKER LLP5 years

Service code 10 · EIN 56-1434747

Accounting

$14,300

CROWDER CONSTRUCTORS 401(K) SAVINGS AND PROFIT-SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CROWDER CONSTRUCTORS 401(K) SAVINGS AND PROFIT-SHARING 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