Retirement plan

FIRST RATE EXCAVATE INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: FIRST RATE EXCAVATE, INC. - FIRST RATE EXCAVATE INC. EMPLOYEE STOCK OWNERSHIP PLAN (2017) Form 5500
Creator: FIRST RATE EXCAVATE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST RATE EXCAVATE INC. EMPLOYEE STOCK OWNERSHIP PLAN, FIRST RATE EXCAVATE, INC.

FIRST RATE EXCAVATE, INC.EIN 46-0366927Plan #002PY 2017

1509 EAST 39TH STREET NORTH - SIOUX FALLS, SD 57104605-331-5626firstrateexcavate.comLinkedIn11-50 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.5M

+25.5% from 2016

Total participants

+11.7% from 2016

Average account balance

$64,513

No prior year

Annual return

22.47%

-4131.08 pp from 2016

Benchmarks

See 14,318 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort14,318 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.86M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

120

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$492K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

-5.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$586

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

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 codes2I2P2Q3D3I

Plan features

2I
Stock bonus
Stock bonus plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

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

$185K

$2369 / participant

Other / not subdivided$185K100.0%

% of EOY assets

3.369%

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

$64,513

$63,346+1.8%

$92,240-30.1%

$70,126-8.0%

Participation rate

98.7%

68.7%+30.0pp

76.5%+22.2pp

69.5%+29.2pp

Annual return

22.47%

530.19%-507.7pp

176.29%-153.8pp

73.15%-50.7pp

Employer contribution / active EE

$1,731

$2,471-30.0%

$3,680-53.0%

$2,343-26.1%

Participant deferral / active EE

$2,854-100.0%

$3,897-100.0%

$3,332-100.0%

Admin fee / account holder

$2,174

$3,841-43.4%

$5,194-58.2%

$4,645-53.2%

FIRST RATE EXCAVATE INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST RATE EXCAVATE INC. EMPLOYEE STOCK OWNERSHIP 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