Retirement plan

THE RABINE GROUP 401(K) PROFIT SHARING PLAN

Name: GAR CONSTRUCTION, LLC - THE RABINE GROUP 401(K) PROFIT SHARING PLAN (2018) 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 2018

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

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$5.7M

-2.8% from 2017

Total participants

143

+3.6% from 2017

Average account balance

$47,769

-6.1% from 2017

Annual return

-12.45%

-29.76 pp from 2017

Benchmarks

See 2,759 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,759 peers

Snapshot2018

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 711 HIGH STREET · DES MOINES, IA 50392	Contract Administrator	$24,542
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 49 · EIN 95-2834236 4707 EXECUTIVE DRIVE · SAN DIEGO, CA 92121	Other Services	$19,362
NATIONAL BENEFIT SERVICES, LLC3 years Filed as: NATIONAL BENEFIT SERVICES INC Service code 13 · EIN 36-2998347 300 WEST ADAMS · CHICAGO, IL 60606	Contract Administrator	$5,986
GLOBAL RETIREMENT PARTNERS LLC1 year Service code 27 · EIN 47-1411118 4340 REDDWOOD HIGHWAY SUITE B-60 · SAN RAFAEL, CA 64903	Advisory (Plan)	$5,147
GLOBAL RETIREMENT PARTNERS LLC1 year Filed as: GLOBAL RETIREMENT PATNERS LLC Service code 27	Advisory (Plan)	$5,147

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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$30K

$289 / participant

Contract admin$28K93.3%
Other / not subdivided$2K6.7%

% of EOY assets

0.529%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,769

$55,449-13.9%

$83,850-43.0%

$56,287-15.1%

Participation rate

76.9%

68.0%+8.9pp

76.1%+0.8pp

69.9%+7.1pp

Annual return

-12.45%

-1.38%-11.1pp

850.92%-863.4pp

-9.96%-2.5pp

Employer contribution / active EE

$1,665

$2,430-31.5%

$3,631-54.1%

$2,111-21.1%

Participant deferral / active EE

$4,046

$2,935+37.8%

$4,082-0.9%

$3,350+20.8%

Admin fee / account holder

$253

$656-61.5%

$5,478-95.4%

$521-51.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4+ years

Service code 13 · EIN 42-0127290

711 HIGH STREET · DES MOINES, IA 50392

Contract Administrator

$24,542

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC

Service code 49 · EIN 95-2834236

4707 EXECUTIVE DRIVE · SAN DIEGO, CA 92121

Other Services

$19,362

NATIONAL BENEFIT SERVICES, LLC3 years

Filed as: NATIONAL BENEFIT SERVICES INC

Service code 13 · EIN 36-2998347

300 WEST ADAMS · CHICAGO, IL 60606

Contract Administrator

$5,986

GLOBAL RETIREMENT PARTNERS LLC1 year

Service code 27 · EIN 47-1411118

4340 REDDWOOD HIGHWAY SUITE B-60 · SAN RAFAEL, CA 64903

Advisory (Plan)

$5,147

GLOBAL RETIREMENT PARTNERS LLC1 year

Filed as: GLOBAL RETIREMENT PATNERS LLC

Service code 27

Advisory (Plan)

$5,147

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