Retirement plan

SHELBY GRAVEL, INC. EMPLOYEE 401(K) RETIREMENT PLAN

Name: SHELBY GRAVEL, INC. - SHELBY GRAVEL, INC. EMPLOYEE 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: SHELBY GRAVEL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHELBY GRAVEL, INC. EMPLOYEE 401(K) RETIREMENT PLAN, SHELBY GRAVEL, INC.

SHELBY GRAVEL, INC.EIN 35-0903596Plan #002PY 2023

157 EAST RAMPART ROAD - SHELBYVILLE, IN 46176317-392-5502

Other plans on this EIN

1 filing

#003Retirement--

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$27.7M

+25.8% from 2022

Total participants

263

+9.1% from 2022

Average account balance

$106,669

+15.2% from 2022

Annual return

24.66%

+41.42 pp from 2022

Benchmarks

See 2,346 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,346 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.93M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

288

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$556

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY Service code 27 1585 BROADWAY · NEW YORK, NY 10036	Advisory (Plan)	$62,217
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 OF AMERICA · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$35,423
RSM US LLP9+ years Filed as: MCGLADREY LLP Service code 10 5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674	Accounting	$16,590
AMERICAN REALTY ADVISORS7 years Filed as: AMERICAN PENSION ADVISORS, LTD. Service code 13 · EIN 35-2015845 9465 COUNSELORS ROW SUITE 120 · INDIANAPOLIS, IN 46240	Contract Administrator	$10,300

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

1 tripped

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

$119K

$531 / participant

Contract admin$102K86.0%
Other / not subdivided$17K14.0%

% of EOY assets

0.429%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: $16,590
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,669

$83,045+28.4%

$130,045-18.0%

$71,511+49.2%

Participation rate

98.7%

74.1%+24.5pp

78.5%+20.2pp

67.9%+30.7pp

Annual return

24.66%

20.61%+4.1pp

-137.30%+162.0pp

28.86%-4.2pp

Employer contribution / active EE

$5,179

$2,623+97.4%

$4,321+19.9%

$2,589+100.0%

Participant deferral / active EE

$7,398

$4,436+66.8%

$5,820+27.1%

$4,291+72.4%

Admin fee / account holder

$457

$1,727-73.5%

$10,600-95.7%

$1,588-71.2%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY

Service code 27

1585 BROADWAY · NEW YORK, NY 10036

Advisory (Plan)

$62,217

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

OF AMERICA · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$35,423

RSM US LLP9+ years

Filed as: MCGLADREY LLP

Service code 10

5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674

Accounting

$16,590

AMERICAN REALTY ADVISORS7 years

Filed as: AMERICAN PENSION ADVISORS, LTD.

Service code 13 · EIN 35-2015845

9465 COUNSELORS ROW SUITE 120 · INDIANAPOLIS, IN 46240

Contract Administrator

$10,300

SHELBY GRAVEL, INC. EMPLOYEE 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHELBY GRAVEL, INC. EMPLOYEE 401(K) RETIREMENT 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