Retirement plan

CONCRETE SUPPLY COMPANY SAVINGS PLAN

Name: CONCRETE SUPPLY COMPANY, LLC - CONCRETE SUPPLY COMPANY SAVINGS PLAN (2023) Form 5500
Creator: CONCRETE SUPPLY COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONCRETE SUPPLY COMPANY SAVINGS PLAN, CONCRETE SUPPLY COMPANY, LLC

CONCRETE SUPPLY COMPANY, LLCEIN 46-2026923Plan #003PY 2023

3823 RALEIGH STREET, PO BOX 5247 - CHARLOTTE, NC 28299704-372-2930concretesupplyco.comLinkedIn501-1000 employeesbuilding materials

Prospect flagsLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$58.7M

+20.4% from 2022

Total participants

1,500

+6.0% from 2022

Average account balance

$43,390

+13.4% from 2022

Annual return

17.69%

+30.10 pp from 2022

Benchmarks

See 394 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort394 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$65.10M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

1,563

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.

74.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.19M

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

+12.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$165

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
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$144,957
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL PARTNERS Service code 27 · EIN 26-0058143	Advisory (Plan)	$59,216
GREERWALKER LLP1 year Filed as: GREENWALKER LLP Service code 10 · EIN 56-1434747	Accounting	$10,865

Plan features & details

Pension benefit codes2E2G2J2K2T2U3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$215K

$206 / participant

Investment mgmt$59K27.5%
Contract admin$145K67.4%
Other / not subdivided$11K5.1%

% of EOY assets

0.367%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GREERWALKER LLP
Auditor EIN: 561434747
Audit fees: $10,865
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,390

$104,631-58.5%

$98,462-55.9%

$80,169-45.9%

Participation rate

85.9%

87.5%-1.7pp

75.2%+10.7pp

72.9%+12.9pp

Annual return

17.69%

34.72%-17.0pp

21.17%-3.5pp

40.39%-22.7pp

Employer contribution / active EE

$4,163

$4,517-7.9%

$3,049+36.5%

$2,978+39.8%

Participant deferral / active EE

$3,009

$6,545-54.0%

$4,738-36.5%

$5,016-40.0%

Admin fee / account holder

$159

$105+51.7%

$8,875-98.2%

$145+9.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$144,957

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL PARTNERS

Service code 27 · EIN 26-0058143

Advisory (Plan)

$59,216

GREERWALKER LLP1 year

Filed as: GREENWALKER LLP

Service code 10 · EIN 56-1434747

Accounting

$10,865

CONCRETE SUPPLY COMPANY SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONCRETE SUPPLY COMPANY SAVINGS 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