Retirement plan

MURPHY RIGGING ELM STREET SAVINGS PLAN

Name: MURPHY RIGGING AND ERECTING, INC. - MURPHY RIGGING ELM STREET SAVINGS PLAN (2024) Form 5500
Creator: MURPHY RIGGING AND ERECTING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MURPHY RIGGING ELM STREET SAVINGS PLAN, MURPHY RIGGING AND ERECTING, INC.

MURPHY RIGGING AND ERECTING, INC.EIN 41-0911394Plan #001PY 2024

2299 WEST TERRITORIAL ROAD - SAINT PAUL, MN 55114612-623-1242murphyrigging.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$202K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$405K

+110.1% from 2023

Total participants

+25.0% from 2023

Average account balance

$45,003

+86.7% from 2023

Annual return

58.59%

-79.40 pp from 2023

Benchmarks

See 54,852 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,852 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$405K

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$100K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+58.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$223

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

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 codes2E2F2G2J2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$2K

$223 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.496%

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: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,003

$110,337-59.2%

$102,383-56.0%

$145,877-69.1%

Participation rate

88.9%

77.9%+11.0pp

74.5%+14.4pp

80.3%+8.6pp

Annual return

58.59%

24.83%+33.8pp

24.94%+33.7pp

551.28%-492.7pp

Employer contribution / active EE

$3,057

$4,216-27.5%

$3,870-21.0%

$4,663-34.4%

Participant deferral / active EE

$8,059

$5,621+43.4%

$5,060+59.3%

$6,691+20.4%

Admin fee / account holder

$223

$9,750-97.7%

$8,391-97.3%

$13,402-98.3%

MURPHY RIGGING ELM STREET SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MURPHY RIGGING ELM STREET SAVINGS 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