Retirement plan

UTILITY SUPPLY & CONSTRUCTION CO SAVINGS & ESOP

Name: UTILITY SUPPLY AND CONSTRUCTION CO. - UTILITY SUPPLY & CONSTRUCTION CO SAVINGS & ESOP (2017) Form 5500
Creator: UTILITY SUPPLY AND CONSTRUCTION CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UTILITY SUPPLY & CONSTRUCTION CO SAVINGS & ESOP, UTILITY SUPPLY AND CONSTRUCTION CO.

UTILITY SUPPLY AND CONSTRUCTION CO.EIN 38-1783949Plan #001PY 2017

420 ROTH STREET, SUITE A - REED CITY, MI 49677231-832-2297uscco.comLinkedIn501-1000 employeesconstruction

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed December 21, 2023 (most recent of 3 filings on file)

Plan administrator

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420 Roth St.

Reed City, MI 49677

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Plans declared (1)

USC Senior Leadership Long Term Incentive Plan11 emp

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Total assets (EOY)

$23M

+4.2% from 2016

Total participants

323

-4.7% from 2016

Average account balance

$78,440

+8.8% from 2016

Annual return

14.97%

+4.28 pp from 2016

Benchmarks

See 2,371 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,371 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$41.66M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

573

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.

93.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+19.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 1 by compensation

Provider	Service type	Compensation
CHEMICAL BANK2 years Service code 12 · EIN 38-0415896	Investment advisory (participants); R...	$2,850

Plan features & details

Pension benefit codes2E2H2J2O2Q3H2F

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$9K

$39 / participant

Investment mgmt$6236.9%
Contract admin$8K93.1%

% of EOY assets

0.040%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: REHMAN ROBSON LLC
Auditor EIN: 383635706
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,440

$71,192+10.2%

$117,861-33.4%

$62,293+25.9%

Participation rate

87.0%

74.2%+12.8pp

79.7%+7.3pp

69.5%+17.5pp

Annual return

14.97%

18.66%-3.7pp

335.11%-320.1pp

28.90%-13.9pp

Employer contribution / active EE

$2,664

$1,934+37.7%

$3,786-29.6%

$2,042+30.4%

Participant deferral / active EE

$2,878

$3,189-9.7%

$4,482-35.8%

$3,169-9.2%

Admin fee / account holder

$31

$587-94.7%

$8,021-99.6%

$479-93.5%

Provider

Service type

Compensation

CHEMICAL BANK2 years

Service code 12 · EIN 38-0415896

Investment advisory (participants); R...

$2,850

UTILITY SUPPLY & CONSTRUCTION CO SAVINGS & ESOP

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UTILITY SUPPLY & CONSTRUCTION CO SAVINGS & ESOP

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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