Retirement plan

SOUTH SIDE ELECTRIC, INC. 401(K) AND PROFIT SHARING PLAN

Name: SOUTH SIDE ELECTRIC, INC. - SOUTH SIDE ELECTRIC, INC. 401(K) AND PROFIT SHARING PLAN (2016) Form 5500
Creator: SOUTH SIDE ELECTRIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH SIDE ELECTRIC, INC. 401(K) AND PROFIT SHARING PLAN, SOUTH SIDE ELECTRIC, INC.

SOUTH SIDE ELECTRIC, INC.EIN 41-0970332Plan #001PY 2016

9201 EAST BLOOMINGTON FREEWAY, SUITE X - BLOOMINGTON, MN 55420952-888-5500

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.1M

No prior year

Total participants

No prior year

Average account balance

$73,415

No prior year

Annual return

4.38%

No prior year

Benchmarks

See 13,704 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort13,704 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.96M

Not enough data

1 years with asset history on file

Average account balance

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

$168K

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.

109.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$812K

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

+15.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15387

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 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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$34K

$521 / participant

Other / not subdivided$34K100.0%

% of EOY assets

0.669%

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

$73,415

$56,894+29.0%

$84,753-13.4%

$62,881+16.8%

Participation rate

96.9%

68.5%+28.4pp

76.6%+20.3pp

69.3%+27.6pp

Annual return

4.38%

6.30%-1.9pp

22.78%-18.4pp

20.14%-15.8pp

Employer contribution / active EE

$817

$2,400-65.9%

$3,574-77.1%

$2,281-64.2%

Participant deferral / active EE

$3,209

$2,709+18.5%

$3,712-13.5%

$3,203+0.2%

Admin fee / account holder

$491

$3,581-86.3%

$5,333-90.8%

$4,296-88.6%

SOUTH SIDE ELECTRIC, INC. 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH SIDE ELECTRIC, INC. 401(K) AND PROFIT SHARING 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