Retirement plan

CIRKS CONSTRUCTION, INC. 401(K) PLAN

Name: CIRKS CONSTRUCTION, INC. - CIRKS CONSTRUCTION, INC. 401(K) PLAN (2020) 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 2020

1442 EAST LINCOLN AVENUE, #334 - ORANGE, CA 92865714-632-6717LinkedIn51-200 employeesconstruction

Prospect flagsHigh feesLow participationLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$7.9M

+37.2% from 2019

Total participants

275

-11.0% from 2019

Average account balance

$52,870

+41.8% from 2019

Annual return

30.56%

+6.33 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

$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 5 by compensation

Provider	Service type	Compensation
PENSIONMARK FINANCIAL GROUP LLC3 years Filed as: PENSIONMARK FINANCIAL Service code 27 · EIN 61-1758632	Advisory (Plan)	$33,832
QBI, LLC3 years Filed as: QBI,LLC Service code 15 · EIN 26-2768667	Recordkeeping	$11,323
POLLARO & MCPHERSON ACCOUNTANCY COR2 years Filed as: POLLARO & ASSOCIATES Service code 10 · EIN 46-3852095	Accounting	$6,700
COTA STREET INVESTMENT MGMT1 year Service code 28 · EIN 38-4116855 24 E. COTA STREET, SUITE 200 · SANTA BARBARA, CA 93101	Investment Management	$3,334
TRANSAMERICA RETIREMENT SOLUTIONS6+ years Service code 15 · EIN 13-3689044	Recordkeeping	$3,254

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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$63K

$254 / participant

Contract admin$63K100.0%

% of EOY assets

0.801%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,870

$201,594-73.8%

$101,271-47.8%

Participation rate

49.4%

64.6%-15.2pp

75.8%-26.4pp

Annual return

30.56%

13.55%+17.0pp

46.48%-15.9pp

Employer contribution / active EE

$713

$2,288-68.8%

$3,660-80.5%

Participant deferral / active EE

$3,150

$3,091+1.9%

$4,371-27.9%

Admin fee / account holder

$424

$7,709-94.5%

$5,948-92.9%

Provider

Service type

Compensation

PENSIONMARK FINANCIAL GROUP LLC3 years

Filed as: PENSIONMARK FINANCIAL

Service code 27 · EIN 61-1758632

Advisory (Plan)

$33,832

QBI, LLC3 years

Filed as: QBI,LLC

Service code 15 · EIN 26-2768667

Recordkeeping

$11,323

POLLARO & MCPHERSON ACCOUNTANCY COR2 years

Filed as: POLLARO & ASSOCIATES

Service code 10 · EIN 46-3852095

Accounting

$6,700

COTA STREET INVESTMENT MGMT1 year

Service code 28 · EIN 38-4116855

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

Investment Management

$3,334

TRANSAMERICA RETIREMENT SOLUTIONS6+ years

Service code 15 · EIN 13-3689044

Recordkeeping

$3,254

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