Retirement plan

ANDERSON BURTON CONSTRUCTION, INC. 401(K) PLAN

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

ANDERSON BURTON CONSTRUCTION, INC.EIN 27-0034553Plan #001PY 2024

121 NEVADA STREET - ARROYO GRANDE, CA 934202609805-202-3556andersonburton.comLinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$4.0M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.8M

+26.3% from 2023

Total participants

-21.2% from 2023

Average account balance

$42,344

+17.3% from 2023

Annual return

17.22%

-8.48 pp from 2023

Benchmarks

See 18,562 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,562 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.16M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

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.

108.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$230K

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

+15.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3360

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$94K

$2347 / participant

Other / not subdivided$94K100.0%

% of EOY assets

5.279%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,344

$81,457-48.0%

$103,378-59.0%

$80,911-47.7%

Participation rate

75.0%

66.8%+8.2pp

74.5%+0.5pp

67.6%+7.4pp

Annual return

17.22%

25.58%-8.4pp

24.91%-7.7pp

35.63%-18.4pp

Employer contribution / active EE

$880

$3,107-71.7%

$3,870-77.3%

$2,756-68.1%

Participant deferral / active EE

$4,345

$3,871+12.2%

$5,058-14.1%

$4,297+1.1%

Admin fee / account holder

$2,235

$6,717-66.7%

$8,401-73.4%

$6,935-67.8%

ANDERSON BURTON CONSTRUCTION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANDERSON BURTON CONSTRUCTION, INC. 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