Retirement plan

ADAMS SOUTHEASTERN CONSTRUCTION, LLC 401(K) PROFIT SHARING PLAN

Name: ADAMS SOUTHEASTERN CONSTRUCTION, LLC - ADAMS SOUTHEASTERN CONSTRUCTION, LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: ADAMS SOUTHEASTERN CONSTRUCTION, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADAMS SOUTHEASTERN CONSTRUCTION, LLC 401(K) PROFIT SHARING PLAN, ADAMS SOUTHEASTERN CONSTRUCTION, LLC

ADAMS SOUTHEASTERN CONSTRUCTION, LLCEIN 27-1574479Plan #001PY 2022

1213 CULBRETH DRIVE, SUITE 232 - WILMINGTON, NC 28405910-443-8753adamssec.comLinkedIn1-10 employeesconstruction

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$695K

-3.6% from 2021

Total participants

-20.0% from 2021

Average account balance

$231,644

-3.6% from 2021

Annual return

-13.29%

-22.18 pp from 2021

Benchmarks

See 48,271 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort48,271 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.35M

Not enough data

1 years with asset history on file

Average account balance

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

$337K

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$102K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+10.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2J2T3D

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).
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$231,644

$133,998+72.9%

$112,263+106.3%

$134,545+72.2%

Participation rate

75.0%

78.6%-3.6pp

75.1%-0.1pp

81.2%-6.2pp

Annual return

-13.29%

47.17%-60.5pp

27.49%-40.8pp

418.37%-431.7pp

Employer contribution / active EE

$1,813

$4,040-55.1%

$3,636-50.1%

$4,742-61.8%

Participant deferral / active EE

$15,692

$5,292+196.5%

$4,729+231.8%

$6,401+145.1%

Admin fee / account holder

$7,493-100.0%

$6,410-100.0%

$11,431-100.0%

ADAMS SOUTHEASTERN CONSTRUCTION, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ADAMS SOUTHEASTERN CONSTRUCTION, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion