Retirement plan

CONSTRUCTION EMPLOYEES GROUP PROFIT SHARING PLAN

Name: CONSTRUCTION EMPLOYEES GROUP PROFIT - CONSTRUCTION EMPLOYEES GROUP PROFIT SHARING PLAN (2022) Form 5500
Creator: CONSTRUCTION EMPLOYEES GROUP PROFIT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONSTRUCTION EMPLOYEES GROUP PROFIT SHARING PLAN, CONSTRUCTION EMPLOYEES GROUP PROFIT

CONSTRUCTION EMPLOYEES GROUP PROFITEIN 45-6029203Plan #001PY 2022

P.O. BOX 406 - FARGO, ND 58107701-232-1700

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$106.5M

-8.0% from 2016

Total participants

1,831

+1.2% from 2016

Average account balance

$58,181

-9.0% from 2016

Annual return

-11.24%

-6.36 pp from 2016

Benchmarks

See 502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort502 peers

Snapshot2022

Participant deferral / active EE

$1,826

median $3,148

Employer contribution / active EE

$5,064

median $2,659

Participation rate

100.0%

median 94.1%

Avg account balance

$58,181

median $57,757

Admin fee / account holder

$37

median $136

Annual return

-11.24%

median -14.46%

Overall peer rank

60of 100

60th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$123.47M

Average account balance

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

$68K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,827

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

55.0%

Contributions (total)

Employer and participant dollars contributed each year

$10.33M

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.77%

Admin fee / account holder

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

$37

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 4 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND1 year Service code 49 · EIN 06-1050034	Other Services	$26,927
BRADY MARTZ & ASSOCIATES3 years Filed as: BRADY MARTZ & ASSOCIATES PC Service code 10 · EIN 45-0310328	Accounting	$18,825
PRUDENTIAL RETIREMENT INSURANCE AND5 years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 13 · EIN 22-1211670	Contract Administrator	$16,352
PROEQUITIES INC5 years Service code 33 · EIN 63-0879387	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$67K

$50 / participant

Contract admin$29K43.2%
Other / not subdivided$38K56.8%

% of EOY assets

0.063%

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: BRADY, MARTZ & ASSOCIATES, P.C.
Auditor EIN: 450310328
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,181

$76,774-24.2%

$112,270-48.2%

$77,906-25.3%

Participation rate

100.0%

80.2%+19.8pp

75.1%+24.9pp

73.7%+26.3pp

Annual return

-11.24%

-10.25%-1.0pp

27.49%-38.7pp

12.16%-23.4pp

Employer contribution / active EE

$5,064

$3,977+27.3%

$3,635+39.3%

$2,846+77.9%

Participant deferral / active EE

$1,826

$3,778-51.7%

$4,729-61.4%

$4,805-62.0%

Admin fee / account holder

$37

$239-84.7%

$6,411-99.4%

$133-72.4%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Service code 49 · EIN 06-1050034

Other Services

$26,927

BRADY MARTZ & ASSOCIATES3 years

Filed as: BRADY MARTZ & ASSOCIATES PC

Service code 10 · EIN 45-0310328

Accounting

$18,825

PRUDENTIAL RETIREMENT INSURANCE AND5 years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 13 · EIN 22-1211670

Contract Administrator

$16,352

PROEQUITIES INC5 years

Service code 33 · EIN 63-0879387

Securities brokerage; Securities brok...

CONSTRUCTION EMPLOYEES GROUP PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONSTRUCTION EMPLOYEES GROUP 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