Retirement plan

THE MASSARO CONSTRUCTION GROUP PROFIT SHARING PLAN

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

MASSARO CONSTRUCTION GROUP, INC.EIN 46-4239983Plan #001PY 2022

120 DELTA DRIVE - PITTSBURGH, PA 15238412-963-2800massarocg.comLinkedIn201-500 employeesconstruction

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$13.6M

-19.3% from 2021

Total participants

129

+10.3% from 2021

Average account balance

$108,172

-26.4% from 2021

Annual return

-18.78%

-35.46 pp from 2021

Benchmarks

See 17,340 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort17,340 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.90M

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.

129

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+18.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$175

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIDUCIA GROUP LLC8+ years Filed as: FIDUCIA GROUP Service code 27 · EIN 26-2218504	Advisory (Plan)	$18,000
RIVERSEDGE ADV. RET. SOLUTIONS, LLC8+ years Filed as: RIVERSEDGE ADV RET SOLUTIONS Service code 15 · EIN 27-1155910	Recordkeeping	$7,793

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
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.

Opportunity flags

1 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$31K

$425 / participant

Other / not subdivided$31K100.0%

% of EOY assets

0.225%

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: H2R CPA
Auditor EIN: 251031723
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,172

$64,729+67.1%

$112,263-3.6%

$68,490+57.9%

Participation rate

95.8%

67.2%+28.7pp

75.1%+20.8pp

67.9%+27.9pp

Annual return

-18.78%

-11.40%-7.4pp

27.49%-46.3pp

-7.85%-10.9pp

Employer contribution / active EE

$3,084

$2,746+12.3%

$3,636-15.2%

$2,597+18.8%

Participant deferral / active EE

$6,865

$3,566+92.5%

$4,729+45.2%

$4,028+70.4%

Admin fee / account holder

$243

$5,222-95.3%

$6,410-96.2%

$5,403-95.5%

Provider

Service type

Compensation

FIDUCIA GROUP LLC8+ years

Filed as: FIDUCIA GROUP

Service code 27 · EIN 26-2218504

Advisory (Plan)

$18,000

RIVERSEDGE ADV. RET. SOLUTIONS, LLC8+ years

Filed as: RIVERSEDGE ADV RET SOLUTIONS

Service code 15 · EIN 27-1155910

Recordkeeping

$7,793

THE MASSARO CONSTRUCTION GROUP PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MASSARO CONSTRUCTION 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