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 (2023) 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 2023

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

Prospect flagsLow participationHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$905K

+30.3% from 2022

Total participants

+25.0% from 2022

Average account balance

$301,736

+30.3% from 2022

Annual return

17.14%

+30.44 pp from 2022

Benchmarks

See 51,545 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort51,545 peers

Snapshot2023

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

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

$301,736

$106,280+183.9%

$96,538+212.6%

$139,487+116.3%

Participation rate

60.0%

77.8%-17.8pp

74.3%-14.3pp

80.3%-20.3pp

Annual return

17.14%

38.48%-21.3pp

35.74%-18.6pp

373.84%-356.7pp

Employer contribution / active EE

$1,793

$4,107-56.3%

$3,740-52.1%

$4,755-62.3%

Participant deferral / active EE

$16,435

$5,457+201.2%

$4,880+236.8%

$6,713+144.8%

Admin fee / account holder

-$703

$7,888-108.9%

$6,737-110.4%

$11,407-106.2%

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADAMS SOUTHEASTERN CONSTRUCTION, LLC 401(K) 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