Retirement plan

OLTMANS COMPANIES PROFIT SHARING PLAN

Name: OLTMANS COMPANIES - OLTMANS COMPANIES PROFIT SHARING PLAN (2021) Form 5500
Creator: OLTMANS COMPANIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OLTMANS COMPANIES PROFIT SHARING PLAN, OLTMANS COMPANIES

OLTMANS COMPANIESEIN 47-3698702Plan #001PY 2021

10005 MISSION MILL ROAD - WHITTIER, CA 906011739562-948-4242LinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$2.0M assets

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$64.3M

+28.8% from 2020

Total participants

216

+3.8% from 2020

Average account balance

$309,179

+23.9% from 2020

Annual return

27.71%

+27.77 pp from 2020

Benchmarks

See 2,981 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,981 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$92.78M

Not enough data

1 years with asset history on file

Average account balance

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

$692K

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.

134

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.

45.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

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

+6.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1882

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 7 by compensation

Provider	Service type	Compensation
EVERCORE TRUST COMPANY5 years Filed as: EVERCORE TRUST Service code 21 · EIN 26-4691954	Bank Trustee	$97,130
WELLS FARGO BANK, N.A.6+ years Filed as: WELLS FARGO ADVISORS Service code 28 · EIN 34-1542819	Investment Management	$46,116
RBC WEALTH MANAGEMENT2 years Filed as: RBC CAPITAL MARKETS, LLC Service code 27 60 S 6TH ST. · MINNEAPOLIS, MN 55402	Advisory (Plan)	$30,000
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: GREAT-WEST LIFE & ANNUITY INS. CO. Service code 64 · EIN 84-0467907	Recordkeeping Fees	$16,348
THE BANK OF NEW YORK MELLON6+ years Filed as: MELLON TRUST Service code 28 · EIN 33-0481102	Investment Management	$13,441
AGINCOURT CAPITAL MANAGEMENT, LLC6+ years Service code 28 · EIN 54-1947440	Investment Management	$7,682
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$7,258

Plan features & details

Pension benefit codes2E2F2H2J3H

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).
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.
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.
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

3 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).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$216K

$1513 / participant

Investment mgmt$67K31.1%
Contract admin$52K24.0%
Other / not subdivided$97K44.9%

% of EOY assets

0.336%

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: WRIGHT FORD YOUNG & CO.
Auditor EIN: 953288054
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$309,179

$77,670+298.1%

$109,163+183.2%

$79,393+289.4%

Participation rate

94.4%

67.8%+26.6pp

75.9%+18.5pp

70.7%+23.7pp

Annual return

27.71%

23.44%+4.3pp

25.75%+2.0pp

116.87%-89.2pp

Employer contribution / active EE

$17,601

$2,798+529.0%

$3,723+372.8%

$2,428+625.0%

Participant deferral / active EE

$7,688

$3,518+118.5%

$4,654+65.2%

$4,046+90.0%

Admin fee / account holder

$1,040

$732+42.0%

$6,754-84.6%

$627+66.0%

Provider

Service type

Compensation

EVERCORE TRUST COMPANY5 years

Filed as: EVERCORE TRUST

Service code 21 · EIN 26-4691954

Bank Trustee

$97,130

WELLS FARGO BANK, N.A.6+ years

Filed as: WELLS FARGO ADVISORS

Service code 28 · EIN 34-1542819

Investment Management

$46,116

RBC WEALTH MANAGEMENT2 years

Filed as: RBC CAPITAL MARKETS, LLC

Service code 27

60 S 6TH ST. · MINNEAPOLIS, MN 55402

Advisory (Plan)

$30,000

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: GREAT-WEST LIFE & ANNUITY INS. CO.

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$16,348

THE BANK OF NEW YORK MELLON6+ years

Filed as: MELLON TRUST

Service code 28 · EIN 33-0481102

Investment Management

$13,441

AGINCOURT CAPITAL MANAGEMENT, LLC6+ years

Service code 28 · EIN 54-1947440

Investment Management

$7,682

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$7,258

OLTMANS COMPANIES PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OLTMANS COMPANIES 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