Retirement plan

APG ELECTRIC, INC. 401(K) PROFIT SHARING PLAN

Name: APG ELECTRIC, INC - APG ELECTRIC, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: APG ELECTRIC, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, APG ELECTRIC, INC. 401(K) PROFIT SHARING PLAN, APG ELECTRIC, INC

APG ELECTRIC, INCEIN 34-1412413Plan #002PY 2023

4825 140TH AVE N - CLEARWATER, FL 337623822727-530-0077apg.companyLinkedIn201-500 employeesconstruction

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed June 20, 2020

Plan administrator

Plan administrator name— Sign in and upgrade to view

4825 140th Avenue North

Clearwater, FL 33762

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Plans declared (5)

Employment and Deferred Compensation Agreement1 emp
Employment and Deferred Compensation Agreement1 emp
Employment and Deferred Compensation Agreement1 emp
Employment and Deferred Compensation Agreement1 emp
Employment and Deferred Compensation Agreement1 emp

Total covered: 5 employees

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Total assets (EOY)

$32.6M

+19.9% from 2022

Total participants

386

-7.9% from 2022

Average account balance

$86,093

+29.4% from 2022

Annual return

15.37%

+29.76 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-85.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
LVZ INC2 years Service code 27 240 SOUTH RIVER AVE · HOLLAND, MI 49423	Advisory (Plan)	$125,567
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$37,706

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3B

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).
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$34K

$106 / participant

Investment mgmt$34K100.0%

% of EOY assets

0.105%

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: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,093

$93,010-7.4%

$96,538-10.8%

$74,473+15.6%

Participation rate

97.8%

71.6%+26.3pp

74.3%+23.5pp

70.7%+27.1pp

Annual return

15.37%

37.50%-22.1pp

35.74%-20.4pp

34.36%-19.0pp

Employer contribution / active EE

$3,557

$3,427+3.8%

$3,740-4.9%

$2,638+34.8%

Participant deferral / active EE

$7,114

$3,971+79.1%

$4,880+45.8%

$4,530+57.0%

Admin fee / account holder

$91

$633-85.7%

$6,737-98.7%

$347-73.9%

Provider

Service type

Compensation

LVZ INC2 years

Service code 27

240 SOUTH RIVER AVE · HOLLAND, MI 49423

Advisory (Plan)

$125,567

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$37,706

APG ELECTRIC, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (5)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

APG ELECTRIC, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (5)

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