Retirement plan

PARAMOUNT BUILDING CONSTRUCTION, INC 401(K) PROFIT SHARING PLAN

Name: PARAMOUNT BUILDING CONSTRUCTION, INC. - PARAMOUNT BUILDING CONSTRUCTION, INC 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: PARAMOUNT BUILDING CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARAMOUNT BUILDING CONSTRUCTION, INC 401(K) PROFIT SHARING PLAN, PARAMOUNT BUILDING CONSTRUCTION, INC.

PARAMOUNT BUILDING CONSTRUCTION, INC.EIN 27-1978299Plan #001PY 2020

28 WINDSOR HIGHWAY - NEW WINDSOR, NY 12553845-569-0970LinkedIn1-10 employees

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$383K

+59.0% from 2019

Total participants

0.0% from 2019

Average account balance

$95,679

+59.0% from 2019

Annual return

10.20%

+18.84 pp from 2019

Benchmarks

See 42,032 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort42,032 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.28M

Not enough data

1 years with asset history on file

Average account balance

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

$426K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$136K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$45K

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

+13.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7641

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 codes2J

Plan features

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$4K

$1230 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.964%

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

$95,679

$115,814-17.4%

$101,275-5.5%

$158,982-39.8%

Participation rate

100.0%

79.4%+20.6pp

75.8%+24.2pp

82.0%+18.0pp

Annual return

10.20%

56.16%-46.0pp

46.48%-36.3pp

302.99%-292.8pp

Employer contribution / active EE

$26,515

$4,176+535.0%

$3,660+624.4%

$4,763+456.7%

Participant deferral / active EE

$12,667

$4,958+155.5%

$4,371+189.8%

$5,983+111.7%

Admin fee / account holder

$923

$7,249-87.3%

$5,948-84.5%

$11,252-91.8%

PARAMOUNT BUILDING CONSTRUCTION, INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARAMOUNT BUILDING CONSTRUCTION, INC 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