Retirement plan

CIRKS CONSTRUCTION, INC. 401(K) PLAN

Name: CIRKS CONSTRUCTION, INC. - CIRKS CONSTRUCTION, INC. 401(K) PLAN (2024) Form 5500
Creator: CIRKS CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CIRKS CONSTRUCTION, INC. 401(K) PLAN, CIRKS CONSTRUCTION, INC.

CIRKS CONSTRUCTION, INC.EIN 33-0803265Plan #001PY 2024

1927 N. GLASSELL STREET - ORANGE, CA 92865714-632-6717LinkedIn51-200 employeesconstruction

Prospect flagsHigh feesLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$11.9M

+17.7% from 2023

Total participants

414

+12.8% from 2023

Average account balance

$57,949

+2.8% from 2023

Annual return

12.27%

-6.78 pp from 2023

Benchmarks

See 1,561 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,561 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.94M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

206

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.

44.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$494

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
WORLD INVESTMENT ADVISORS LLC1 year Filed as: WORLD INV ADVISORS LLC Service code 27 · EIN 61-1758632 24 E COTA ST, STE 200 · SANTA BARBARA, CA 93101	Advisory (Plan)	$40,520
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUTIY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$23,938
JP MORGAN INVESTMENT MANAGEMENT INC3 years Filed as: COTA STREET INVESTMENT MANAGEMENT Service code 28 24 E. COTA STREET, STE 200 · SANTA BARBARA, CA 93101	Investment Management	$14,464
ASCENSUS LLC4 years Filed as: ASCENSUS HOLDINGS INC DBA Service code 13 FUTUREPLAN BY ASCENSUS · SAN DIEGO CA, CA 92101	Contract Administrator	$10,091
POLLARO & MCPHERSON ACCOUNTANCY COR6 years Filed as: POLLARO & ASSOCIATES Service code 10 · EIN 46-3852095 4010 WATSON PLAZA DR UNIT 110 · LAKEWOOD, CA 90712	Accounting	$9,600
ACTUARIAL BENEFITS CORP1 year Service code 13 · EIN 20-1054428 2790 SKYPARK DR, STE 300 · TORRANCE, CA 90505	Contract Administrator	$1,919

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer 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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$102K

$271 / participant

Contract admin$102K100.0%

% of EOY assets

0.852%

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: POLLARO & ASSOCIATES
Auditor EIN: 463852095
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,949

$83,023-30.2%

$102,437-43.4%

$77,762-25.5%

Participation rate

44.5%

71.5%-27.0pp

74.5%-30.0pp

70.6%-26.1pp

Annual return

12.27%

19.12%-6.9pp

24.95%-12.7pp

31.27%-19.0pp

Employer contribution / active EE

$568

$3,552-84.0%

$3,871-85.3%

$2,728-79.2%

Participant deferral / active EE

$3,370

$4,110-18.0%

$5,060-33.4%

$4,651-27.5%

Admin fee / account holder

$494

$639-22.7%

$8,388-94.1%

$433+14.1%

Provider

Service type

Compensation

WORLD INVESTMENT ADVISORS LLC1 year

Filed as: WORLD INV ADVISORS LLC

Service code 27 · EIN 61-1758632

24 E COTA ST, STE 200 · SANTA BARBARA, CA 93101

Advisory (Plan)

$40,520

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUTIY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$23,938

JP MORGAN INVESTMENT MANAGEMENT INC3 years

Filed as: COTA STREET INVESTMENT MANAGEMENT

Service code 28

24 E. COTA STREET, STE 200 · SANTA BARBARA, CA 93101

Investment Management

$14,464

ASCENSUS LLC4 years

Filed as: ASCENSUS HOLDINGS INC DBA

Service code 13

FUTUREPLAN BY ASCENSUS · SAN DIEGO CA, CA 92101

Contract Administrator

$10,091

POLLARO & MCPHERSON ACCOUNTANCY COR6 years

Filed as: POLLARO & ASSOCIATES

Service code 10 · EIN 46-3852095

4010 WATSON PLAZA DR UNIT 110 · LAKEWOOD, CA 90712

Accounting

$9,600

ACTUARIAL BENEFITS CORP1 year

Service code 13 · EIN 20-1054428

2790 SKYPARK DR, STE 300 · TORRANCE, CA 90505

Contract Administrator

$1,919

CIRKS CONSTRUCTION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CIRKS CONSTRUCTION, INC. 401(K) 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