Retirement plan

SAMPSON CONSTRUCTION CO. , INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: SAMPSON CONSTRUCTION CO., INC. - SAMPSON CONSTRUCTION CO. , INC. 401(K) PROFIT SHARING PLAN & TRUST (2023) Form 5500
Creator: SAMPSON CONSTRUCTION CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAMPSON CONSTRUCTION CO. , INC. 401(K) PROFIT SHARING PLAN & TRUST, SAMPSON CONSTRUCTION CO., INC.

SAMPSON CONSTRUCTION CO., INC.EIN 47-0541510Plan #002PY 2023

5825 SOUTH 14TH STREET - LINCOLN, NE 68512402-434-5450sampson-construction.comLinkedIn201-500 employeesconstruction

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$43.3M

+20.6% from 2022

Total participants

399

+0.8% from 2022

Average account balance

$108,477

+18.5% from 2022

Annual return

17.45%

+34.20 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$48.43M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

393

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$363

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
UNION BANK & TRUST COMPANY3 years Service code 12 · EIN 47-0321480	Participant communication; Sub-transf...	$108,453
BMG CERTIFIED PUBLIC ACCOUNTANTS4 years Service code 10 3533 S 85TH ST · LINCOLN, NE 68520	Accounting	$17,500
MATRIX CLEARANCE AND SETTLEMENT3 years Service code 33 · EIN 13-4046432	Securities brokerage; Sub-transfer ag...	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$126K

$400 / participant

Recordkeeping$102K81.0%
Investment mgmt$6K5.1%
Other / not subdivided$18K13.9%

% of EOY assets

0.291%

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: BMG CERTIFIED PUBLIC ACCOUNTANTS
Auditor EIN: 470650756
Audit fees: $17,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,477

$93,010+16.6%

$96,520+12.4%

$74,440+45.7%

Participation rate

100.0%

71.6%+28.4pp

74.3%+25.7pp

70.7%+29.3pp

Annual return

17.45%

37.50%-20.0pp

35.72%-18.3pp

34.37%-16.9pp

Employer contribution / active EE

$2,643

$3,427-22.9%

$3,739-29.3%

$2,638+0.2%

Participant deferral / active EE

$7,202

$3,971+81.4%

$4,879+47.6%

$4,529+59.0%

Admin fee / account holder

$316

$633-50.2%

$6,733-95.3%

$348-9.2%

Provider

Service type

Compensation

UNION BANK & TRUST COMPANY3 years

Service code 12 · EIN 47-0321480

Participant communication; Sub-transf...

$108,453

BMG CERTIFIED PUBLIC ACCOUNTANTS4 years

Service code 10

3533 S 85TH ST · LINCOLN, NE 68520

Accounting

$17,500

MATRIX CLEARANCE AND SETTLEMENT3 years

Service code 33 · EIN 13-4046432

Securities brokerage; Sub-transfer ag...

SAMPSON CONSTRUCTION CO. , INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAMPSON CONSTRUCTION CO. , INC. 401(K) PROFIT SHARING PLAN & TRUST

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