Retirement plan

UTILITY SUPPLY AND CONSTRUCTION COMPANY SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

Name: UTILITY SUPPLY AND CONSTRUCTION COMPANY - UTILITY SUPPLY AND CONSTRUCTION COMPANY SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN (2023) Form 5500
Creator: UTILITY SUPPLY AND CONSTRUCTION COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UTILITY SUPPLY AND CONSTRUCTION COMPANY SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN, UTILITY SUPPLY AND CONSTRUCTION COMPANY

UTILITY SUPPLY AND CONSTRUCTION COMPANYEIN 38-1783949Plan #001PY 2023

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

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

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

Plan administrator

Plan administrator name— Sign in and upgrade to view

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)

$41M

+20.9% from 2022

Total participants

553

+4.1% from 2022

Average account balance

$76,357

+16.7% from 2022

Annual return

18.95%

+30.46 pp from 2022

Benchmarks

See 1,359 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,359 peers

Snapshot2023

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
ONEDIGITAL INVESTMENT ADVISORS LLC1 year Filed as: ONEDIGITAL (HB) Service code 12 106 SOUTH MAIN ST TOW017 · AKRON, OH 44308	Custodial (securities); Trustee (dire...	$3,098

Plan features & details

Pension benefit codes2E2F2H2J2O2Q3H

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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$3K

$8 / participant

Recordkeeping$3K100.0%

% of EOY assets

0.008%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,357

$91,394-16.5%

$130,026-41.3%

$74,440+2.6%

Participation rate

95.8%

77.8%+18.0pp

78.5%+17.3pp

70.7%+25.1pp

Annual return

18.95%

23.20%-4.3pp

-137.26%+156.2pp

34.37%-15.4pp

Employer contribution / active EE

$3,492

$2,565+36.1%

$4,321-19.2%

$2,638+32.4%

Participant deferral / active EE

$5,440

$4,721+15.2%

$5,821-6.5%

$4,529+20.1%

Admin fee / account holder

$284-98.0%

$10,608-99.9%

$348-98.3%

Provider

Service type

Compensation

ONEDIGITAL INVESTMENT ADVISORS LLC1 year

Filed as: ONEDIGITAL (HB)

Service code 12

106 SOUTH MAIN ST TOW017 · AKRON, OH 44308

Custodial (securities); Trustee (dire...

$3,098

UTILITY SUPPLY AND CONSTRUCTION COMPANY SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

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 AND CONSTRUCTION COMPANY SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

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