Retirement plan

SUBURBAN ELECTRICAL ENGINEERS/CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: SUBURBAN ELECTRICAL ENGINEERS/CONTRACTORS, INC. - SUBURBAN ELECTRICAL ENGINEERS/CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2017) Form 5500
Creator: SUBURBAN ELECTRICAL ENGINEERS/CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUBURBAN ELECTRICAL ENGINEERS/CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN, SUBURBAN ELECTRICAL ENGINEERS/CONTRACTORS, INC.

SUBURBAN ELECTRICAL ENGINEERS/CONTRACTORS, INC.EIN 39-1186528Plan #001PY 2017

709 HICKORY FARM LANE - APPLETON, WI 549143032920-739-5156suburbanenterprises.comLinkedIn201-500 employeesconstruction

Prospect flagsHigh feesLow participationFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed November 9, 2005

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$15.1M

+17.5% from 2016

Total participants

204

+8.5% from 2016

Average account balance

$100,599

+5.0% from 2016

Annual return

19.73%

-2.27 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.92M

Not enough data

1 years with asset history on file

Average account balance

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

$131K

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.

206

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.

72.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+25.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$629

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 6 by compensation

Provider	Service type	Compensation
REINHART BOERNER VAN DEUREN S.C.2+ years Filed as: REINHART BOEMER VANDEUREN SC Service code 29 1000 NORTH WATER STREET · MILWAUKEE, WI 53202	Legal	$74,994
AMERICAN UNITED LIFE INSURANCE CO2+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$45,223
ANNEX WEALTH MANAGEMENT LLC1 year Filed as: ANNEX WEALTH MANAGEMENT Service code 28 · EIN 68-0524298	Investment Management	$18,418
SCHENCK SC2+ years Service code 10 · EIN 39-1173131	Accounting	$10,500
FMI CORPORATION2+ years Service code 34 5171 GLENWOOD AVENUE · RALEIGH, NE 27612	Valuation (appraisals, etc.); Direct ...	$9,500
BMO HARRIS BANK NA1 year Filed as: BMO HARRIS BANK, N.A. Service code 19 · EIN 36-2085229	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2H2I2J2K2O

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.
2I
Stock bonus
Stock bonus 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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.

Opportunity flags

4 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$159K

$927 / participant

Investment mgmt$18K11.6%
Other / not subdivided$141K88.4%

% of EOY assets

1.056%

all-in expense ratio

Categories reported

1 / 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: SCHENCK SC
Auditor EIN: 391173131
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,599

$80,753+24.6%

$136,298-26.2%

$62,293+61.5%

Participation rate

68.6%

73.5%-4.9pp

81.9%-13.3pp

69.5%-0.9pp

Annual return

19.73%

35.83%-16.1pp

5156.27%-5136.5pp

28.90%-9.2pp

Employer contribution / active EE

$1,051

$2,884-63.6%

$4,696-77.6%

$2,042-48.5%

Participant deferral / active EE

$3,247

$5,164-37.1%

$6,247-48.0%

$3,169+2.5%

Admin fee / account holder

$1,063

$525+102.2%

$9,244-88.5%

$479+121.7%

Provider

Service type

Compensation

REINHART BOERNER VAN DEUREN S.C.2+ years

Filed as: REINHART BOEMER VANDEUREN SC

Service code 29

1000 NORTH WATER STREET · MILWAUKEE, WI 53202

Legal

$74,994

AMERICAN UNITED LIFE INSURANCE CO2+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$45,223

ANNEX WEALTH MANAGEMENT LLC1 year

Filed as: ANNEX WEALTH MANAGEMENT

Service code 28 · EIN 68-0524298

Investment Management

$18,418

SCHENCK SC2+ years

Service code 10 · EIN 39-1173131

Accounting

$10,500

FMI CORPORATION2+ years

Service code 34

5171 GLENWOOD AVENUE · RALEIGH, NE 27612

Valuation (appraisals, etc.); Direct ...

$9,500

BMO HARRIS BANK NA1 year

Filed as: BMO HARRIS BANK, N.A.

Service code 19 · EIN 36-2085229

Securities Custodian

SUBURBAN ELECTRICAL ENGINEERS/CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUBURBAN ELECTRICAL ENGINEERS/CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Top hat statement on fileNQDC

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