Retirement plan

M.E. COLLINS CONTRACTING COMPANY, INC. PROFIT SHARING & EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Name: M.E. COLLINS CONTRACTING - M.E. COLLINS CONTRACTING COMPANY, INC. PROFIT SHARING & EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST (2021) Form 5500
Creator: M.E. COLLINS CONTRACTING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, M.E. COLLINS CONTRACTING COMPANY, INC. PROFIT SHARING & EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST, M.E. COLLINS CONTRACTING

M.E. COLLINS CONTRACTINGEIN 47-0686351Plan #001PY 2021

980 E 25TH ST - WAHOO, NE 680665568402-443-3663

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed July 24, 2023

Plan administrator

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980 East 25th Street

Wahoo, NE 68066

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Plans declared (1)

Stock Appreciation Rights Plan1 emp

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Total assets (EOY)

$28.7M

+17.1% from 2020

Total participants

129

+11.2% from 2020

Average account balance

$223,873

+5.2% from 2020

Annual return

15.78%

-6.76 pp from 2020

Benchmarks

See 16,659 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,659 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.75M

Not enough data

1 years with asset history on file

Average account balance

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

$204K

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.

146

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

$914K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

-3.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$271

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
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$44,708
PRINCIPAL LIFE INSURANCE COMPANY3 years Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553	Other Services	$10,881

Plan features & details

Pension benefit codes2E2H2I2J2K2P2Q2T3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2I
Stock bonus
Stock bonus plan.
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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

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

$46K

$512 / participant

Contract admin$46K100.0%

% of EOY assets

0.159%

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: LUTZ & COMPANY PC
Auditor EIN: 470625816
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$223,873

$78,670+184.6%

$109,173+105.1%

$85,847+160.8%

Participation rate

98.9%

68.3%+30.6pp

75.9%+23.0pp

69.3%+29.6pp

Annual return

15.78%

25.09%-9.3pp

25.75%-10.0pp

318.61%-302.8pp

Employer contribution / active EE

$8,975

$2,734+228.3%

$3,723+141.1%

$2,565+249.8%

Participant deferral / active EE

$3,269

$3,467-5.7%

$4,654-29.8%

$3,952-17.3%

Admin fee / account holder

$356

$5,469-93.5%

$6,755-94.7%

$6,261-94.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$44,708

PRINCIPAL LIFE INSURANCE COMPANY3 years

Filed as: PRINCIPAL SECURITIES INC

Service code 49 · EIN 42-0941553

Other Services

$10,881

M.E. COLLINS CONTRACTING COMPANY, INC. PROFIT SHARING & EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

M.E. COLLINS CONTRACTING COMPANY, INC. PROFIT SHARING & EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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