Retirement plan

MAX GRAY CONSTRUCTION, INC. PROFIT SHARING PLAN AND TRUST

Name: MAX GRAY CONSTRUCTION, INC. - MAX GRAY CONSTRUCTION, INC. PROFIT SHARING PLAN AND TRUST (2021) Form 5500
Creator: MAX GRAY CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAX GRAY CONSTRUCTION, INC. PROFIT SHARING PLAN AND TRUST, MAX GRAY CONSTRUCTION, INC.

MAX GRAY CONSTRUCTION, INC.EIN 41-0844324Plan #002PY 2021

P.O. BOX 689 - HIBBING, MN 55746218-262-6622maxgrayconstruction.comLinkedIn11-50 employeesconstruction

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$10M

+42.0% from 2020

Total participants

-6.7% from 2020

Average account balance

$717,707

+52.1% from 2020

Annual return

37.47%

+43.30 pp from 2020

Benchmarks

See 44,728 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort44,728 peers

Snapshot2021

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Analytics

Total assets (EOY)

Plan-year ending balance

$10.21M

Not enough data

1 years with asset history on file

Average account balance

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

$567K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$385K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+4.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25657

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

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Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$3K

$260 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.034%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$717,707

$124,281+477.5%

$109,143+557.6%

$167,490+328.5%

Participation rate

100.0%

79.4%+20.6pp

75.9%+24.1pp

82.1%+17.9pp

Annual return

37.47%

26.04%+11.4pp

25.75%+11.7pp

478.56%-441.1pp

Employer contribution / active EE

$16,060

$4,207+281.7%

$3,722+331.5%

$4,837+232.0%

Participant deferral / active EE

$8,724

$5,255+66.0%

$4,653+87.5%

$6,341+37.6%

Admin fee / account holder

$241

$7,970-97.0%

$6,752-96.4%

$12,309-98.0%

MAX GRAY CONSTRUCTION, INC. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAX GRAY CONSTRUCTION, INC. PROFIT SHARING PLAN AND TRUST

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