Retirement plan

FOULGER-PRATT COMPANIES 401(K) PLAN

Name: FOULGER-PRATT COMPANIES LLC - FOULGER-PRATT COMPANIES 401(K) PLAN (2024) Form 5500
Creator: FOULGER-PRATT COMPANIES LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FOULGER-PRATT COMPANIES 401(K) PLAN, FOULGER-PRATT COMPANIES LLC

FOULGER-PRATT COMPANIES LLCEIN 45-0463021Plan #001PY 2024

12435 PARK POTOMAC AVENUE - POTOMAC, MD 20854240-499-9600

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$31.3M

-2.3% from 2023

Total participants

203

-10.6% from 2023

Average account balance

$154,126

+1.1% from 2023

Annual return

13.61%

-8.18 pp from 2023

Benchmarks

See 18,533 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,533 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.29M

Not enough data

1 years with asset history on file

Average account balance

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

$154K

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.

203

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

$1.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+13.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$709

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
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY COMPANY OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$88,420
KESTRA INVESTMENT SERVICES LLC8 years Filed as: KESTRA ADVISORY SERVICES LLC Service code 27 5707 SWST PARKWAY BLDG 2 · AUSTIN, TX 78735	Advisory (Plan)	$50,000
ACTUARIAL BENEFITS CORP1 year Filed as: THE ACTUARIAL CONSULTING GROUP Service code 13 1640 HUGUENOT RD · MIDLOTHIAN, VA 23113	Contract Administrator	$125

Plan features & details

Pension benefit codes2A2E2J2F2G3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

2 tripped

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).

Expense breakdown

Schedule H Part II

Admin total

$144K

$2286 / participant

Recordkeeping$88K61.4%
Investment mgmt$50K34.7%
Other trustee fees$6K3.9%

% of EOY assets

0.460%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: UHY LLP
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$154,126

$81,487+89.1%

$102,412+50.5%

$80,935+90.4%

Participation rate

100.0%

66.8%+33.2pp

74.5%+25.5pp

67.7%+32.3pp

Annual return

13.61%

25.60%-12.0pp

24.94%-11.3pp

35.66%-22.1pp

Employer contribution / active EE

$5,232

$3,103+68.6%

$3,870+35.2%

$2,757+89.8%

Participant deferral / active EE

$13,061

$3,871+237.4%

$5,060+158.1%

$4,299+203.8%

Admin fee / account holder

$709

$6,717-89.4%

$8,388-91.5%

$6,924-89.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY COMPANY OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$88,420

KESTRA INVESTMENT SERVICES LLC8 years

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 27

5707 SWST PARKWAY BLDG 2 · AUSTIN, TX 78735

Advisory (Plan)

$50,000

ACTUARIAL BENEFITS CORP1 year

Filed as: THE ACTUARIAL CONSULTING GROUP

Service code 13

1640 HUGUENOT RD · MIDLOTHIAN, VA 23113

Contract Administrator

$125

FOULGER-PRATT COMPANIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FOULGER-PRATT COMPANIES 401(K) 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