Retirement plan

OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN

Name: OZINGA READY MIX CONCRETE, INC. - OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN (2024) Form 5500
Creator: OZINGA READY MIX CONCRETE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN, OZINGA READY MIX CONCRETE, INC.

OZINGA READY MIX CONCRETE, INC.EIN 26-3757838Plan #002PY 2024

19001 OLD LAGRANGE ROAD, SUITE 300 - MOKENA, IL 604488013708-326-4352

Other plans on this EIN

1 filing

#001Retirement-$23.1M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$22.7M

+21.3% from 2023

Total participants

373

+19.9% from 2023

Average account balance

$62,327

+0.7% from 2023

Annual return

11.75%

-4.22 pp from 2023

Benchmarks

See 1,160 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,160 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.75M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

365

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.

97.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$131

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
MORGAN STANLEY SMITH BARNEY8 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 26 · EIN 20-8764829	Advisory (Participants)	$39,389
FIDELITY INVESTMENTS INSTITUTIONAL9 years Service code 37 · EIN 04-2647786	Loan Processing	$8,185

Plan features & details

Pension benefit codes2F2G2J2T2E3D3H

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.
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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$48K

$166 / participant

Recordkeeping$8K17.2%
Other / not subdivided$39K82.8%

% of EOY assets

0.210%

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: PLANTE & MORAN PLLC
Auditor EIN: 331498605
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,327

$92,076-32.3%

$105,608-41.0%

$77,714-19.8%

Participation rate

97.2%

81.0%+16.2pp

75.3%+21.9pp

70.6%+26.6pp

Annual return

11.75%

17.84%-6.1pp

116.50%-104.7pp

31.26%-19.5pp

Employer contribution / active EE

$5,850

$3,370+73.6%

$3,167+84.7%

$2,727+114.5%

Participant deferral / active EE

$5,073

$5,390-5.9%

$5,010+1.3%

$4,649+9.1%

Admin fee / account holder

$131

$219-40.3%

$11,028-98.8%

$433-69.9%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY8 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 26 · EIN 20-8764829

Advisory (Participants)

$39,389

FIDELITY INVESTMENTS INSTITUTIONAL9 years

Service code 37 · EIN 04-2647786

Loan Processing

$8,185

OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OZINGA READY MIX CONCRETE, INC. RETIREMENT 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