Retirement plan

ACCURATE ELECTRIC EMPLOYEE STOCK OWNERSHIP PLAN

Name: ACCURATE ELECTRIC CONSTRUCTION, INC. - ACCURATE ELECTRIC EMPLOYEE STOCK OWNERSHIP PLAN (2020) Form 5500
Creator: ACCURATE ELECTRIC CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACCURATE ELECTRIC EMPLOYEE STOCK OWNERSHIP PLAN, ACCURATE ELECTRIC CONSTRUCTION, INC.

ACCURATE ELECTRIC CONSTRUCTION, INC.EIN 31-1074579Plan #002PY 2020

6901 AMERICANA PARKWAY - REYNOLDSBURG, OH 43068614-863-1844aecohio.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh retiree %High feesHigh cashLow participationHigh assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$5.3M

+19.0% from 2019

Total participants

222

+2.3% from 2019

Average account balance

$253,417

+1124.4% from 2019

Annual return

31.64%

+29.01 pp from 2019

Benchmarks

See 118 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Cohort118 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.79M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

113

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

$325K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+22.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$76

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
CROWE LLP3 years Service code 65 · EIN 35-0921680	Account Maintenance	$24,463
CHARLES SCHWAB & CO., INC.6+ years Filed as: REA & ASSOCIATES Service code 10 · EIN 34-1310124	Accounting	$13,850
STANCORP FINANCIAL GROUP6+ years Service code 12 · EIN 93-1253576	Recordkeeping and information managem...	$13,522
GBQ CONSULTING6+ years Filed as: GBQ CONSULTING LLC Service code 34 · EIN 20-2122189	Valuation (appraisals, etc.)	$9,800
LPL FINANCIAL5 years Filed as: LPL FINANCIAL CORPORATION RPCP Service code 27 · EIN 04-3046611	Advisory (Plan)	$6,863
MILLS, POTOCZAK & COMPANY2 years Filed as: MILLS, POTOCZAK, & CO. Service code 25 27600 CHAGRIN BLVD · CLEVELAND, OH 44122	Directed Trustee	$6,852

Plan features & details

Pension benefit codes2I2P2Q2E2F2J2K2T

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).
2I
Stock bonus
Stock bonus plan.
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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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.

Opportunity flags

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$67K

$675 / participant

Other / not subdivided$67K100.0%

% of EOY assets

1.256%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: REA & ASSOCIATES, INC.
Auditor EIN: 341310124
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$253,417

$201,594+25.7%

$101,275+150.2%

Participation rate

0.0%

64.6%-64.6pp

75.8%-75.8pp

Annual return

31.64%

13.55%+18.1pp

46.48%-14.8pp

Employer contribution / active EE

$939

$2,288-59.0%

$3,660-74.4%

Participant deferral / active EE

$1,105

$3,091-64.2%

$4,371-74.7%

Admin fee / account holder

$3,183

$7,709-58.7%

$5,948-46.5%

Provider

Service type

Compensation

CROWE LLP3 years

Service code 65 · EIN 35-0921680

Account Maintenance

$24,463

CHARLES SCHWAB & CO., INC.6+ years

Filed as: REA & ASSOCIATES

Service code 10 · EIN 34-1310124

Accounting

$13,850

STANCORP FINANCIAL GROUP6+ years

Service code 12 · EIN 93-1253576

Recordkeeping and information managem...

$13,522

GBQ CONSULTING6+ years

Filed as: GBQ CONSULTING LLC

Service code 34 · EIN 20-2122189

Valuation (appraisals, etc.)

$9,800

LPL FINANCIAL5 years

Filed as: LPL FINANCIAL CORPORATION RPCP

Service code 27 · EIN 04-3046611

Advisory (Plan)

$6,863

MILLS, POTOCZAK & COMPANY2 years

Filed as: MILLS, POTOCZAK, & CO.

Service code 25

27600 CHAGRIN BLVD · CLEVELAND, OH 44122

Directed Trustee

$6,852

ACCURATE ELECTRIC EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACCURATE ELECTRIC EMPLOYEE STOCK OWNERSHIP 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