Retirement plan

CONTI SERVICE, LLC MEP 401(K) PLAN

Name: CONTI SERVICE, LLC - CONTI SERVICE, LLC MEP 401(K) PLAN (2021) Form 5500
Creator: CONTI SERVICE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONTI SERVICE, LLC MEP 401(K) PLAN, CONTI SERVICE, LLC

CONTI SERVICE, LLCEIN 38-1884765Plan #005PY 2021

6417 CENTER DRIVE - STERLING HEIGHTS, MI 483120000586-274-4800

Prospect flagsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$21.4M

+29.2% from 2020

Total participants

661

+14.6% from 2020

Average account balance

$72,639

+26.6% from 2020

Annual return

26.29%

+7.28 pp from 2020

Benchmarks

See 1,300 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,300 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.36M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

414

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.

50.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+16.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$425

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 5 by compensation

Provider	Service type	Compensation
REHMANN ROBSON4 years Filed as: REHMANN CAPITAL ADVISORY GROUP LLC Service code 49 · EIN 38-3567911 4086 LEGACY PKWY · LANSING, MI 48911	Other Services	$148,360
NATIONWIDE5 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$43,378
REHMANN ROBSON5 years Filed as: REHMANN FINANCIAL Service code 49 2330 EAST PARIS AVE SE · GRAND RAPIDS, MI 49546	Other Services	$13,238
BRINKER CAPITAL1 year Filed as: BRINKER CAPITAL INVESTMENTS Service code 28 · EIN 13-4109249 17605 WRIGHT ST · OMAHA, NE 68130	Investment Management	$5,298
CLS INVESTMENTS1 year Service code 28 · EIN 13-4109249 17605 WRIGHT ST · OMAHA, NE 68130	Investment Management	$4,109

Plan features & details

Pension benefit codes2A2E2J2K2R3D2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

3 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.)
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

$215K

$350 / participant

Investment mgmt$158K73.7%
Contract admin$43K20.2%
Other / not subdivided$13K6.2%

% of EOY assets

1.003%

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: DOEREN MAYHEW
Auditor EIN: 382492570
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,639

$78,275-7.2%

$109,188-33.5%

$86,821-16.3%

Participation rate

40.4%

73.8%-33.4pp

75.9%-35.5pp

72.3%-31.9pp

Annual return

26.29%

19.14%+7.1pp

25.76%+0.5pp

97.94%-71.6pp

Employer contribution / active EE

$3,105-100.0%

$3,723-100.0%

$2,406-100.0%

Participant deferral / active EE

$2,795

$3,641-23.2%

$4,654-39.9%

$4,132-32.4%

Admin fee / account holder

$729

$198+267.1%

$6,755-89.2%

$170+329.7%

Provider

Service type

Compensation

REHMANN ROBSON4 years

Filed as: REHMANN CAPITAL ADVISORY GROUP LLC

Service code 49 · EIN 38-3567911

4086 LEGACY PKWY · LANSING, MI 48911

Other Services

$148,360

NATIONWIDE5 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$43,378

REHMANN ROBSON5 years

Filed as: REHMANN FINANCIAL

Service code 49

2330 EAST PARIS AVE SE · GRAND RAPIDS, MI 49546

Other Services

$13,238

BRINKER CAPITAL1 year

Filed as: BRINKER CAPITAL INVESTMENTS

Service code 28 · EIN 13-4109249

17605 WRIGHT ST · OMAHA, NE 68130

Investment Management

$5,298

CLS INVESTMENTS1 year

Service code 28 · EIN 13-4109249

17605 WRIGHT ST · OMAHA, NE 68130

Investment Management

$4,109

CONTI SERVICE, LLC MEP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONTI SERVICE, LLC MEP 401(K) 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