Retirement plan

COFFMAN EXCAVATION, INC. UNION 401(K) PROFIT SHARING PLAN

Name: COFFMAN EXCAVATION INC. - COFFMAN EXCAVATION, INC. UNION 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: COFFMAN EXCAVATION INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COFFMAN EXCAVATION, INC. UNION 401(K) PROFIT SHARING PLAN, COFFMAN EXCAVATION INC.

COFFMAN EXCAVATION INC.EIN 36-4749989Plan #003PY 2019

PO BOX 687 - OREGON CITY, OR 97045503-656-7000coffmanexcavation.comLinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$4.5M assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$6.5M

+38.5% from 2018

Total participants

148

+9.6% from 2018

Average account balance

$63,253

+39.9% from 2018

Annual return

26.02%

+35.19 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.54M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

101

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.

65.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$664K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$580

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 2 by compensation

Provider	Service type	Compensation
SLOY DAHL & HOLST2 years Service code 26 · EIN 93-0989022	Advisory (Participants)	$35,334
SPECTRUM PENSION CONSULTANTS, INC.2 years Service code 12 · EIN 91-1035498	Consulting (pension); Recordkeeping a...	$10,793

Plan features & details

Pension benefit codes2E2F2G2K2J3D

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$46K

$366 / participant

Investment mgmt$35K76.6%
Contract admin$11K23.4%

% of EOY assets

0.715%

all-in expense ratio

Categories reported

2 / 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: VAN BEEK & CO, LLC.
Auditor EIN: 931328920
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,253

$63,114+0.2%

$92,915-31.9%

$65,186-3.0%

Participation rate

63.5%

68.8%-5.3pp

76.0%-12.5pp

70.2%-6.7pp

Annual return

26.02%

28.75%-2.7pp

109.45%-83.4pp

29.39%-3.4pp

Employer contribution / active EE

$930

$2,571-63.8%

$3,653-74.6%

$2,177-57.3%

Participant deferral / active EE

$4,053

$3,108+30.4%

$4,238-4.4%

$3,514+15.3%

Admin fee / account holder

$452

$624-27.5%

$5,796-92.2%

$847-46.6%

Provider

Service type

Compensation

SLOY DAHL & HOLST2 years

Service code 26 · EIN 93-0989022

Advisory (Participants)

$35,334

SPECTRUM PENSION CONSULTANTS, INC.2 years

Service code 12 · EIN 91-1035498

Consulting (pension); Recordkeeping a...

$10,793

COFFMAN EXCAVATION, INC. UNION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COFFMAN EXCAVATION, INC. UNION 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