Retirement plan

BLOUNT SANFORD CONTRACTING CO., INC. 401(K) PROFIT SHARING PLAN

Name: BLOUNT SANFORD CONTRACTING CO., INC. - BLOUNT SANFORD CONTRACTING CO., INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: BLOUNT SANFORD CONTRACTING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLOUNT SANFORD CONTRACTING CO., INC. 401(K) PROFIT SHARING PLAN, BLOUNT SANFORD CONTRACTING CO., INC.

BLOUNT SANFORD CONTRACTING CO., INC.EIN 27-4031972Plan #001PY 2022

5275 WEBB PKWY. - LILBURN, GA 30047770-638-2959blountsanford.comLinkedIn51-200 employeesconstruction

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.3M

+47.6% from 2021

Total participants

+1.9% from 2021

Average account balance

$46,519

+47.6% from 2021

Annual return

9.71%

+9.71 pp from 2021

Benchmarks

See 17,340 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort17,340 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.31M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

65.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$402K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3902

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$6K

$108 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.446%

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

$46,519

$64,729-28.1%

$112,263-58.6%

$68,490-32.1%

Participation rate

46.2%

67.2%-21.0pp

75.1%-28.9pp

67.9%-21.7pp

Annual return

9.71%

-11.40%+21.1pp

27.49%-17.8pp

-7.85%+17.6pp

Employer contribution / active EE

$1,787

$2,746-34.9%

$3,636-50.9%

$2,597-31.2%

Participant deferral / active EE

$4,528

$3,566+27.0%

$4,729-4.3%

$4,028+12.4%

Admin fee / account holder

$208

$5,222-96.0%

$6,410-96.8%

$5,403-96.2%

BLOUNT SANFORD CONTRACTING CO., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLOUNT SANFORD CONTRACTING CO., 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