Retirement plan

THE RABINE GROUP 401(K) PROFIT SHARING PLAN

Name: GAR CONSTRUCTION, LLC - THE RABINE GROUP 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: GAR CONSTRUCTION, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE RABINE GROUP 401(K) PROFIT SHARING PLAN, GAR CONSTRUCTION, LLC

GAR CONSTRUCTION, LLCEIN 36-4481599Plan #001PY 2017

900 NATIONAL PARKWAY - SCHAUMBURG, IL 60173815-995-0555

Prospect flagsLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$5.8M

+24.9% from 2016

Total participants

138

-52.1% from 2016

Average account balance

$50,853

+31.5% from 2016

Annual return

17.31%

+10.07 pp from 2016

Benchmarks

See 176 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Cohort176 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.35M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

429

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.

81.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.66M

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

+15.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$159

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 3 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC3+ years Service code 49 · EIN 51-0120742	Other Services	$9,020
NATIONAL BENEFIT SERVICES, LLC2 years Filed as: NATIONAL BENEFIT SERVICES INC Service code 13 · EIN 36-2998347	Contract Administrator	$8,492
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$2,316

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$8K

$84 / participant

Contract admin$7K84.2%
Other / not subdivided$1K15.8%

% of EOY assets

0.142%

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: MILLER COPPER AND COMPANY, LTD
Auditor EIN: 362897372
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,853

$161,852-68.6%

$92,240-44.9%

Participation rate

76.8%

64.7%+12.0pp

76.5%+0.3pp

Annual return

17.31%

7.35%+10.0pp

176.29%-159.0pp

Employer contribution / active EE

$1,522

$1,845-17.5%

$3,680-58.6%

Participant deferral / active EE

$3,875

$2,669+45.2%

$3,897-0.6%

Admin fee / account holder

$72

$7,254-99.0%

$5,194-98.6%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC3+ years

Service code 49 · EIN 51-0120742

Other Services

$9,020

NATIONAL BENEFIT SERVICES, LLC2 years

Filed as: NATIONAL BENEFIT SERVICES INC

Service code 13 · EIN 36-2998347

Contract Administrator

$8,492

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$2,316

THE RABINE GROUP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE RABINE GROUP 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