Retirement plan

ST. FRANCIS ELECTRIC 401(K) PROFIT SHARING PLAN

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

ST. FRANCIS ELECTRIC, LLCEIN 47-2615956Plan #002PY 2023

975 CARDEN ST. - SAN LEANDRO, CA 94577510-639-0639stfranciselectric.comLinkedIn201-500 employeesconstruction

Other plans on this EIN

1 filing

#003Retirement-$142K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.8M

+21.7% from 2022

Total participants

+6.3% from 2022

Average account balance

$56,993

+16.2% from 2022

Annual return

13.52%

+28.44 pp from 2022

Benchmarks

See 18,047 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,047 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.03M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

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.

151.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$304K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+9.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6112

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$22K

$498 / participant

Other / not subdivided$22K100.0%

% of EOY assets

0.582%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,993

$73,955-22.9%

$96,520-41.0%

$75,181-24.2%

Participation rate

97.7%

66.4%+31.3pp

74.3%+23.4pp

67.2%+30.5pp

Annual return

13.52%

26.72%-13.2pp

35.72%-22.2pp

160.69%-147.2pp

Employer contribution / active EE

$3,048

$2,930+4.0%

$3,739-18.5%

$2,671+14.1%

Participant deferral / active EE

$2,938

$3,659-19.7%

$4,879-39.8%

$4,126-28.8%

Admin fee / account holder

$332

$5,217-93.6%

$6,733-95.1%

$5,650-94.1%

ST. FRANCIS ELECTRIC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ST. FRANCIS ELECTRIC 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