Retirement plan

OLTMANS COMPANIES PROFIT SHARING PLAN

Name: OLTMANS COMPANIES - OLTMANS COMPANIES PROFIT SHARING PLAN (2022) 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 2022

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

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$67.8M

+5.5% from 2021

Total participants

228

+5.6% from 2021

Average account balance

$306,938

-0.7% from 2021

Annual return

10.87%

-16.84 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

$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 COMPANY6 years Filed as: EVERCORE TRUST Service code 21 · EIN 26-4691954	Bank Trustee	$93,018
WELLS FARGO BANK, N.A.7+ years Filed as: WELLS FARGO ADVISORS Service code 28 · EIN 34-1542819	Investment Management	$54,615
RBC WEALTH MANAGEMENT3 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 INSURANCE3 years Filed as: GREAT-WEST LIFE & ANNUITY INS. CO. Service code 64 · EIN 84-0467907	Recordkeeping Fees	$29,183
AGINCOURT CAPITAL MANAGEMENT, LLC7+ years Service code 28 · EIN 54-1947440	Investment Management	$16,212
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$9,429
THE BANK OF NEW YORK MELLON7+ years Filed as: MELLON TRUST Service code 28 · EIN 33-0481102	Investment Management	$6,132

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

$236K

$1676 / participant

Investment mgmt$77K32.6%
Contract admin$66K28.1%
Other / not subdivided$93K39.4%

% of EOY assets

0.348%

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

$306,938

$64,176+378.3%

$112,249+173.4%

$66,938+358.5%

Participation rate

95.0%

68.4%+26.6pp

75.1%+20.0pp

69.8%+25.2pp

Annual return

10.87%

-13.80%+24.7pp

27.48%-16.6pp

1.58%+9.3pp

Employer contribution / active EE

$22,681

$3,007+654.3%

$3,636+523.8%

$2,545+791.1%

Participant deferral / active EE

$8,963

$3,694+142.7%

$4,729+89.5%

$4,238+111.5%

Admin fee / account holder

$1,070

$626+70.9%

$6,412-83.3%

$594+80.2%

Provider

Service type

Compensation

EVERCORE TRUST COMPANY6 years

Filed as: EVERCORE TRUST

Service code 21 · EIN 26-4691954

Bank Trustee

$93,018

WELLS FARGO BANK, N.A.7+ years

Filed as: WELLS FARGO ADVISORS

Service code 28 · EIN 34-1542819

Investment Management

$54,615

RBC WEALTH MANAGEMENT3 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 INSURANCE3 years

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

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$29,183

AGINCOURT CAPITAL MANAGEMENT, LLC7+ years

Service code 28 · EIN 54-1947440

Investment Management

$16,212

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$9,429

THE BANK OF NEW YORK MELLON7+ years

Filed as: MELLON TRUST

Service code 28 · EIN 33-0481102

Investment Management

$6,132

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