Retirement plan

ELLIOTT/DRINKWARD CONSTRUCTION, INC. 401(K) PROFIT SHARING PLAN

Name: ELLIOTT/DRINKWARD CONSTRUCTION, INC. - ELLIOTT/DRINKWARD CONSTRUCTION, INC. 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: ELLIOTT/DRINKWARD CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELLIOTT/DRINKWARD CONSTRUCTION, INC. 401(K) PROFIT SHARING PLAN, ELLIOTT/DRINKWARD CONSTRUCTION, INC.

ELLIOTT/DRINKWARD CONSTRUCTION, INC.EIN 33-0375898Plan #001PY 2019

2535 WEST 237TH STREET, UNIT 101 - TORRANCE, CA 90505310-534-4554elliottdrinkward.comLinkedIn201-500 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$4.7M assets

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.1M

+75.3% from 2018

Total participants

205

+4.6% from 2018

Average account balance

$34,416

+72.3% from 2018

Annual return

21.28%

+28.20 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$5.94M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

20.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$186K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$409

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

+16.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2983

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
PENSION ASSURANCE LLP4+ years Filed as: PENSION BENEFITS UNLIMITED Service code 17 · EIN 33-0499726	Pension Consulting	$15,285
RICH BARTOL CONSULTING3 years Service code 10 · EIN 81-2829660	Accounting	$9,000
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346	Recordkeeping	$5,007

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all 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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$48K

$297 / participant

Contract admin$39K81.3%
Other / not subdivided$9K18.7%

% of EOY assets

0.786%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RICH BARTOL CONSULTING
Auditor EIN: 812829660
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,416

$63,114-45.5%

$92,893-63.0%

$65,185-47.2%

Participation rate

83.3%

68.8%+14.6pp

76.0%+7.3pp

70.2%+13.1pp

Annual return

21.28%

28.75%-7.5pp

109.41%-88.1pp

29.38%-8.1pp

Employer contribution / active EE

$16,928

$2,571+558.5%

$3,653+363.4%

$2,177+677.7%

Participant deferral / active EE

$111

$3,108-96.4%

$4,236-97.4%

$3,514-96.8%

Admin fee / account holder

$271

$624-56.6%

$5,794-95.3%

$847-68.1%

Provider

Service type

Compensation

PENSION ASSURANCE LLP4+ years

Filed as: PENSION BENEFITS UNLIMITED

Service code 17 · EIN 33-0499726

Pension Consulting

$15,285

RICH BARTOL CONSULTING3 years

Service code 10 · EIN 81-2829660

Accounting

$9,000

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

Recordkeeping

$5,007

ELLIOTT/DRINKWARD CONSTRUCTION, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELLIOTT/DRINKWARD 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