Retirement plan

PLAISTED COMPANIES, INC. 401(K) PROFIT SHARING PLAN

Name: PLAISTED COMPANIES, INC. - PLAISTED COMPANIES, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: PLAISTED COMPANIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLAISTED COMPANIES, INC. 401(K) PROFIT SHARING PLAN, PLAISTED COMPANIES, INC.

PLAISTED COMPANIES, INC.EIN 41-1668279Plan #001PY 2024

11555 205TH AVENUE NW, BOX 332 - ELK RIVER, MN 55330763-633-6560plaistedcompanies.comLinkedIn51-200 employeesconstruction

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$9.2M

+2.5% from 2023

Total participants

198

-2.5% from 2023

Average account balance

$49,288

+0.8% from 2023

Annual return

13.96%

-4.77 pp from 2023

Benchmarks

See 268 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort268 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.17M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

186

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.

90.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$746K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$139

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC4 years Service code 27 PO BOX 198928 · NASHVILLE, TN 37238	Advisory (Plan)	$22,034
MIDWEST PENSION & PROFIT SHARING SE4 years Filed as: MIDWEST PENSION & PROFIT SHARING SV Service code 13 121 S 8TH ST · MINNEAPOLIS, MN 55402	Contract Administrator	$8,338
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$966

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$26K

$201 / participant

Contract admin$26K100.0%

% of EOY assets

0.282%

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: HARRINGTON LANGER & ASSOCIATES
Auditor EIN: 411532347
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,288

$79,779-38.2%

$153,741-67.9%

$74,478-33.8%

Participation rate

90.7%

69.9%+20.8pp

77.1%+13.6pp

67.2%+23.5pp

Annual return

13.96%

15.08%-1.1pp

15.71%-1.8pp

1370.56%-1356.6pp

Employer contribution / active EE

$1,415

$4,026-64.9%

$5,042-71.9%

$2,626-46.1%

Participant deferral / active EE

$4,365

$5,329-18.1%

$6,757-35.4%

$4,350+0.3%

Admin fee / account holder

$139

$1,761-92.1%

$12,749-98.9%

$1,946-92.9%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC4 years

Service code 27

PO BOX 198928 · NASHVILLE, TN 37238

Advisory (Plan)

$22,034

MIDWEST PENSION & PROFIT SHARING SE4 years

Filed as: MIDWEST PENSION & PROFIT SHARING SV

Service code 13

121 S 8TH ST · MINNEAPOLIS, MN 55402

Contract Administrator

$8,338

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$966

PLAISTED COMPANIES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLAISTED COMPANIES, INC. 401(K) 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