Retirement plan

OLD DOMINION MECHANICAL LLC 401(K) PROFIT SHARING PLAN

Name: OLD DOMINION MECHANICAL LLC - OLD DOMINION MECHANICAL LLC 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: OLD DOMINION MECHANICAL LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OLD DOMINION MECHANICAL LLC 401(K) PROFIT SHARING PLAN, OLD DOMINION MECHANICAL LLC

OLD DOMINION MECHANICAL LLCEIN 46-2194121Plan #002PY 2023

800 W. LEIGH STREET - RICHMOND, VA 23220804-441-8875odmva.comLinkedIn51-200 employeesconstruction

Prospect flagsLow returnsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.4M

+52.4% from 2022

Total participants

185

+30.3% from 2022

Average account balance

$7,887

+18.6% from 2022

Annual return

13.03%

+26.08 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.63M

Not enough data

1 years with asset history on file

Average account balance

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

$7K

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.

232

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$527K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$149

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$12,476
ACG ADVISORY SERVICES1 year Filed as: ACG ADVISORY SERVICES INC Service code 27 · EIN 46-2194121 1640 HUGUENOT ROAD · MIDLOTHIAN, VA 23113	Advisory (Plan)	$10,995
ACTUARIAL BENEFITS CORP1 year Filed as: THE ACTUARIAL CONSULTING GROUP Service code 13 1640 HUGUENOT RD · MIDLOTHIAN, VA 23113	Contract Administrator	$1,181
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$409

Plan features & details

Pension benefit codes2F2G2J2K2S3D

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityLow returns
Annual investment return 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

$25K

$189 / participant

Other / not subdivided$25K100.0%

% of EOY assets

1.796%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEE CPA AUDIT GROUP
Auditor EIN: 814637885
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,887

$76,696-89.7%

$96,515-91.8%

$71,511-89.0%

Participation rate

93.2%

66.6%+26.6pp

74.3%+18.8pp

67.9%+25.2pp

Annual return

13.03%

48.32%-35.3pp

35.73%-22.7pp

28.86%-15.8pp

Employer contribution / active EE

$1,390

$3,032-54.2%

$3,740-62.8%

$2,589-46.3%

Participant deferral / active EE

$2,748

$3,770-27.1%

$4,880-43.7%

$4,291-36.0%

Admin fee / account holder

$142

$2,030-93.0%

$6,735-97.9%

$1,588-91.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$12,476

ACG ADVISORY SERVICES1 year

Filed as: ACG ADVISORY SERVICES INC

Service code 27 · EIN 46-2194121

1640 HUGUENOT ROAD · MIDLOTHIAN, VA 23113

Advisory (Plan)

$10,995

ACTUARIAL BENEFITS CORP1 year

Filed as: THE ACTUARIAL CONSULTING GROUP

Service code 13

1640 HUGUENOT RD · MIDLOTHIAN, VA 23113

Contract Administrator

$1,181

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$409

OLD DOMINION MECHANICAL LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OLD DOMINION MECHANICAL LLC 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