Retirement plan

SHOOK CONSTRUCTION CO. RETIREMENT PLAN

Name: SHOOK CONSTRUCTION CO. - SHOOK CONSTRUCTION CO. RETIREMENT PLAN (2023) Form 5500
Creator: SHOOK CONSTRUCTION CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHOOK CONSTRUCTION CO. RETIREMENT PLAN, SHOOK CONSTRUCTION CO.

SHOOK CONSTRUCTION CO.EIN 31-0443680Plan #001PY 2023

2000 W. DOROTHY LANE - MORAINE, OH 45439937-276-6666shookconstruction.comLinkedIn201-500 employeesconstruction

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$24.1M

+22.2% from 2022

Total participants

311

+51.7% from 2022

Average account balance

$133,711

+13.3% from 2022

Annual return

19.68%

+38.22 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.17M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

202

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.

52.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.45M

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

+16.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$268

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
HIGHLAND CONSULTING ASSOCIATES7 years Filed as: HIGHLAND CONSULTING ASSOCIATES INC Service code 16 · EIN 34-1753575	Consulting	$38,370
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$22,933
KENTNER SELLERS4 years Service code 10 · EIN 31-0787612	Accounting	$11,695

Plan features & details

Pension benefit codes2E2H2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

2 tripped

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

$73K

$272 / participant

Recordkeeping$23K31.4%
Other / not subdivided$50K68.6%

% of EOY assets

0.303%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KENTNER SELLERS LLP
Auditor EIN: 310787612
Audit fees: $11,695
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$133,711

$93,010+43.8%

$96,520+38.5%

$74,440+79.6%

Participation rate

51.1%

71.6%-20.4pp

74.3%-23.2pp

70.7%-19.6pp

Annual return

19.68%

37.50%-17.8pp

35.72%-16.0pp

34.37%-14.7pp

Employer contribution / active EE

$2,107

$3,427-38.5%

$3,739-43.6%

$2,638-20.1%

Participant deferral / active EE

$6,010

$3,971+51.3%

$4,879+23.2%

$4,529+32.7%

Admin fee / account holder

$406

$633-36.0%

$6,733-94.0%

$348+16.6%

Provider

Service type

Compensation

HIGHLAND CONSULTING ASSOCIATES7 years

Filed as: HIGHLAND CONSULTING ASSOCIATES INC

Service code 16 · EIN 34-1753575

Consulting

$38,370

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$22,933

KENTNER SELLERS4 years

Service code 10 · EIN 31-0787612

Accounting

$11,695

SHOOK CONSTRUCTION CO. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHOOK CONSTRUCTION CO. RETIREMENT 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