Retirement plan

CIRCUIT ELECTRIC 401(K) PLAN

Name: CIRCUIT ELECTRIC, INC. - CIRCUIT ELECTRIC 401(K) PLAN (2022) Form 5500
Creator: CIRCUIT ELECTRIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CIRCUIT ELECTRIC 401(K) PLAN, CIRCUIT ELECTRIC, INC.

CIRCUIT ELECTRIC, INC.EIN 38-2219963Plan #002PY 2022

1376 108TH ST. SW - BYRON CENTER, MI 49315616-878-4343circuitelectric.comLinkedIn51-200 employeesconstruction

Prospect flagsRecently reached 100 employees

How to read this page

Total assets (EOY)

$3.8M

-10.1% from 2021

Total participants

131

+8.3% from 2021

Average account balance

$37,135

-19.0% from 2021

Annual return

-15.38%

-28.67 pp from 2021

Benchmarks

See 2,998 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,998 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.58M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

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.

102.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$448K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+15.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2509

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVICES, LLC Service code 27 · EIN 34-1542819 1 N JEFFERSON AVE · SAINT LOUIS, MO 63103	Advisory (Plan)	$13,287
NATIONWIDE3 years Service code 64 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping Fees	$9,189
EPIC RETIREMENT PLAN SERVICES2 years Filed as: KDP RETIREMENT PLAN SERVICES, INC Service code 13 · EIN 38-3478073 3060 LAKE EASTBROOK BLVD SE · GRAND RAPIDS, MI 49512	Contract Administrator	$600

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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

1 tripped

InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$23K

$226 / participant

Investment mgmt$10K42.2%
Other / not subdivided$13K57.8%

% of EOY assets

0.615%

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: STONEHENGE CONSULTING, PLC
Auditor EIN: 611441770
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,135

$64,176-42.1%

$112,263-66.9%

$66,949-44.5%

Participation rate

70.6%

68.4%+2.1pp

75.1%-4.5pp

69.8%+0.8pp

Annual return

-15.38%

-13.80%-1.6pp

27.49%-42.9pp

1.57%-16.9pp

Employer contribution / active EE

$1,840

$3,007-38.8%

$3,636-49.4%

$2,545-27.7%

Participant deferral / active EE

$3,129

$3,694-15.3%

$4,729-33.8%

$4,239-26.2%

Admin fee / account holder

$228

$626-63.5%

$6,410-96.4%

$594-61.5%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO CLEARING SERVICES, LLC

Service code 27 · EIN 34-1542819

1 N JEFFERSON AVE · SAINT LOUIS, MO 63103

Advisory (Plan)

$13,287

NATIONWIDE3 years

Service code 64 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping Fees

$9,189

EPIC RETIREMENT PLAN SERVICES2 years

Filed as: KDP RETIREMENT PLAN SERVICES, INC

Service code 13 · EIN 38-3478073

3060 LAKE EASTBROOK BLVD SE · GRAND RAPIDS, MI 49512

Contract Administrator

$600

CIRCUIT ELECTRIC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CIRCUIT ELECTRIC 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