Retirement plan

CONSOLIDATED ELECTRICAL CONTRACTORS, INC. 401(K) PLAN

Name: L&D ELECTRIC, INC. D/B/A CONSOLIDATED ELECTRICAL CONTRACTORS, INC. - CONSOLIDATED ELECTRICAL CONTRACTORS, INC. 401(K) PLAN (2024) Form 5500
Creator: L&D ELECTRIC, INC. D/B/A CONSOLIDATED ELECTRICAL CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONSOLIDATED ELECTRICAL CONTRACTORS, INC. 401(K) PLAN, L&D ELECTRIC, INC. D/B/A CONSOLIDATED ELECTRICAL CONTRACTORS, INC.

L&D ELECTRIC, INC. D/B/A CONSOLIDATED ELECTRICAL CONTRACTORS, INC.EIN 27-0864676Plan #001PY 2024

1095A MAK TECH DR - LANSING, MI 489065677877-981-8800

Other plans on this EIN

1 filing

#002Retirement-$4.8M assets

Prospect flagsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$5.5M

+25.2% from 2023

Total participants

199

+13.1% from 2023

Average account balance

$45,778

+12.8% from 2023

Annual return

17.61%

-1.46 pp from 2023

Benchmarks

See 3,451 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,451 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$5.54M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

121

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.

53.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$503K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+17.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$420

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 3 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS1 year Filed as: CAPITAL ASSET ADVISORY SERVICES, LL Service code 27 · EIN 38-3470125	Advisory (Plan)	$29,077
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO OF AM Service code 13 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Contract Administrator	$19,957
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$2,433

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3C3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$51K

$301 / participant

Contract admin$51K100.0%

% of EOY assets

0.918%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: MANER COSTERISAN, P.C.
Auditor EIN: 382157642
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,778

$80,724-43.3%

$103,333-55.7%

$74,495-38.5%

Participation rate

53.8%

65.7%-11.8pp

74.5%-20.7pp

67.2%-13.4pp

Annual return

17.61%

27.56%-9.9pp

24.88%-7.3pp

1364.94%-1347.3pp

Employer contribution / active EE

$269

$3,157-91.5%

$3,868-93.0%

$2,623-89.7%

Participant deferral / active EE

$2,708

$3,860-29.9%

$5,057-46.5%

$4,346-37.7%

Admin fee / account holder

$420

$2,368-82.3%

$8,355-95.0%

$1,942-78.4%

Provider

Service type

Compensation

AMERICAN FUNDS1 year

Filed as: CAPITAL ASSET ADVISORY SERVICES, LL

Service code 27 · EIN 38-3470125

Advisory (Plan)

$29,077

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO OF AM

Service code 13

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Contract Administrator

$19,957

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$2,433

CONSOLIDATED ELECTRICAL CONTRACTORS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONSOLIDATED ELECTRICAL CONTRACTORS, 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