Retirement plan

WATSON CIVIL 401(K) PLAN

Name: WATSON CIVIL CONSTRUCTION, INC. - WATSON CIVIL 401(K) PLAN (2022) Form 5500
Creator: WATSON CIVIL CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WATSON CIVIL 401(K) PLAN, WATSON CIVIL CONSTRUCTION, INC.

WATSON CIVIL CONSTRUCTION, INC.EIN 46-5639198Plan #001PY 2022

319 WEST TOWN PLACE, SUITE 25 - SAINT AUGUSTINE, FL 320923103904-297-1785watsoncivil.comLinkedIn201-500 employeesconstruction

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$2.5M

+3.6% from 2021

Total participants

196

+33.3% from 2021

Average account balance

$37,922

-8.9% from 2021

Annual return

-14.11%

-28.84 pp from 2021

Benchmarks

See 2,998 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,998 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.46M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

108

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.

38.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$958K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+20.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4299

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

0 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	$16,790
PRINCIPAL LIFE INSURANCE COMPANY2 years Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553	Other Services	$6,163
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$17K

$90 / participant

Contract admin$17K100.0%

% of EOY assets

0.672%

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: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,922

$64,176-40.9%

$112,249-66.2%

$66,938-43.3%

Participation rate

30.5%

68.4%-38.0pp

75.1%-44.6pp

69.8%-39.3pp

Annual return

-14.11%

-13.80%-0.3pp

27.48%-41.6pp

1.58%-15.7pp

Employer contribution / active EE

$915

$3,007-69.6%

$3,636-74.8%

$2,545-64.0%

Participant deferral / active EE

$2,124

$3,694-42.5%

$4,729-55.1%

$4,238-49.9%

Admin fee / account holder

$255

$626-59.3%

$6,412-96.0%

$594-57.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$16,790

PRINCIPAL LIFE INSURANCE COMPANY2 years

Filed as: PRINCIPAL SECURITIES INC

Service code 49 · EIN 42-0941553

Other Services

$6,163

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

WATSON CIVIL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WATSON CIVIL 401(K) 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