Retirement plan

STRONGHOLD ENGINEERING, INC. 401(K) EMPLOYEE'S PROFIT SHARING PLAN

Name: STRONGHOLD ENGINEERING, INC. - STRONGHOLD ENGINEERING, INC. 401(K) EMPLOYEE'S PROFIT SHARING PLAN (2021) Form 5500
Creator: STRONGHOLD ENGINEERING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STRONGHOLD ENGINEERING, INC. 401(K) EMPLOYEE'S PROFIT SHARING PLAN, STRONGHOLD ENGINEERING, INC.

STRONGHOLD ENGINEERING, INC.EIN 33-0886845Plan #002PY 2021

150 WEST WALNUT AVENUE - PERRIS, CA 92571951-684-9303strongholdengineering.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$22.4M

+16.3% from 2020

Total participants

342

+15.5% from 2020

Average account balance

$83,926

+4.6% from 2020

Annual return

12.38%

+0.80 pp from 2020

Benchmarks

See 2,982 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,982 peers

Snapshot2021

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Analytics

Total assets (EOY)

Plan-year ending balance

$18.75M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

183

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.

70.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+9.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$808

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
GREAT-WEST LIFE & ANNUITY INSURANCE7+ years Service code 64 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$32,142
INTELLIGENCE DRIVEN ADVISERS LLC2 years Service code 27 6128 INNOVATION WAY · CARLSBAD, CA 92009	Advisory (Plan)	$31,552
SWENSON CORPORATION1 year Service code 10 10606 TRADEMARK PARKWAY · RANCHO CUCAMONGA, CA 91730	Accounting	$19,500
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111	Investment Management	$18,837
ASCENSUS LLC2 years Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPLA Service code 13 200 DRYDEN RD · DRESHER, PA 19025	Contract Administrator	$3,610

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

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

$107K

$520 / participant

Investment mgmt$50K47.0%
Contract admin$4K3.4%
Other / not subdivided$53K49.6%

% of EOY assets

0.478%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: SWENSON CORPORATION
Auditor EIN: 330305868
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,926

$77,660+8.1%

$109,143-23.1%

$79,386+5.7%

Participation rate

63.6%

67.8%-4.2pp

75.9%-12.3pp

70.7%-7.1pp

Annual return

12.38%

23.44%-11.1pp

25.75%-13.4pp

116.85%-104.5pp

Employer contribution / active EE

$10,500

$2,797+275.3%

$3,722+182.1%

$2,427+332.5%

Participant deferral / active EE

$2,629

$3,518-25.3%

$4,653-43.5%

$4,046-35.0%

Admin fee / account holder

$402

$732-45.2%

$6,752-94.1%

$626-35.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE7+ years

Service code 64

8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$32,142

INTELLIGENCE DRIVEN ADVISERS LLC2 years

Service code 27

6128 INNOVATION WAY · CARLSBAD, CA 92009

Advisory (Plan)

$31,552

SWENSON CORPORATION1 year

Service code 10

10606 TRADEMARK PARKWAY · RANCHO CUCAMONGA, CA 91730

Accounting

$19,500

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111

Investment Management

$18,837

ASCENSUS LLC2 years

Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPLA

Service code 13

200 DRYDEN RD · DRESHER, PA 19025

Contract Administrator

$3,610

STRONGHOLD ENGINEERING, INC. 401(K) EMPLOYEE'S PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STRONGHOLD ENGINEERING, INC. 401(K) EMPLOYEE'S 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