Retirement plan

T.C. REDI-MIX OF YOUNGSTOWN, INC. 401(K)PROFIT SHARING PLAN

Name: T.C. REDI-MIX OF YOUNGSTOWN, INC. - T.C. REDI-MIX OF YOUNGSTOWN, INC. 401(K)PROFIT SHARING PLAN (2023) Form 5500
Creator: T.C. REDI-MIX OF YOUNGSTOWN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, T.C. REDI-MIX OF YOUNGSTOWN, INC. 401(K)PROFIT SHARING PLAN, T.C. REDI-MIX OF YOUNGSTOWN, INC.

T.C. REDI-MIX OF YOUNGSTOWN, INC.EIN 34-1839095Plan #001PY 2023

2400 POLAND AVENUE - YOUNGSTOWN, OH 44502330-755-2143t-c-redi-mix-inc.hub.bizLinkedIn51-200 employeesconstruction

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$5.9M

+18.1% from 2022

Total participants

+13.7% from 2022

Average account balance

$101,734

+3.9% from 2022

Annual return

14.00%

+27.05 pp from 2022

Benchmarks

See 4,600 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort4,600 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.86M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

131.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$300K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1554

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2T3D3H2J

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

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

$76K

$1945 / participant

Other / not subdivided$76K100.0%

% of EOY assets

1.285%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,734

$51,207+98.7%

$70,565+44.2%

$75,177+35.3%

Participation rate

100.0%

61.0%+39.0pp

68.4%+31.6pp

67.2%+32.8pp

Annual return

14.00%

30.05%-16.1pp

32.79%-18.8pp

160.75%-146.8pp

Employer contribution / active EE

$5,511

$1,826+201.7%

$2,976+85.2%

$2,671+106.3%

Participant deferral / active EE

$1,678

$2,850-41.1%

$4,568-63.3%

$4,126-59.3%

Admin fee / account holder

$1,308

$4,097-68.1%

$6,430-79.7%

$5,651-76.9%

T.C. REDI-MIX OF YOUNGSTOWN, INC. 401(K)PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

T.C. REDI-MIX OF YOUNGSTOWN, 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