Retirement plan

GP'S ENTERPRISES, INC. AND GEORGIA BRIDGE AND CONCRETE, LLC RETIREMENT PLAN

Name: GEORGIA BRIDGE AND CONCRETE LLC - GP'S ENTERPRISES, INC. AND GEORGIA BRIDGE AND CONCRETE, LLC RETIREMENT PLAN (2024) Form 5500
Creator: GEORGIA BRIDGE AND CONCRETE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GP'S ENTERPRISES, INC. AND GEORGIA BRIDGE AND CONCRETE, LLC RETIREMENT PLAN, GEORGIA BRIDGE AND CONCRETE LLC

GEORGIA BRIDGE AND CONCRETE LLCEIN 47-4990265Plan #001PY 2024

4635 NORTH ROYAL ATLANTA DRIVE - TUCKER, GA 30084770-934-1839georgiabridge.netLinkedIn51-200 employeesconstruction

Prospect flagsLow returnsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.8M

+13.1% from 2023

Total participants

334

-0.9% from 2023

Average account balance

$23,694

+12.3% from 2023

Annual return

10.45%

-2.96 pp from 2023

Benchmarks

See 3,444 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,444 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.82M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

288

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.

76.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$761K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$91

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 4 by compensation

Provider	Service type	Compensation
SEAY & WEISSINGER, LLC2 years Filed as: SEAY & WEISSINGER LLC Service code 10 2030 POWERS FERRY RD SE STE 208 · ATLANTA, GA 30339	Accounting	$13,500
APRIO BENEFIT ADVISORS LLC2 years Filed as: APRIO BENEFIT ADVISORS Service code 13 2002 SUMMIT BLVD STE 120 · ATLANTA, GA 30319	Contract Administrator	$8,032
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$3,441
APRIO BENEFIT ADVISORS LLC2 years Filed as: APRIO BENEFIT ADVISORS, LLC Service code 13	Contract Administrator	$3,070

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$26K

$132 / participant

Recordkeeping$2K8.9%
Contract admin$10K39.8%
Other / not subdivided$14K51.3%

% of EOY assets

0.386%

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: SEAY & WEISSINGER, LLC
Auditor EIN: 611663588
Audit fees: $13,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,694

$80,781-70.7%

$102,437-76.9%

$74,478-68.2%

Participation rate

76.9%

65.7%+11.2pp

74.5%+2.4pp

67.2%+9.7pp

Annual return

10.45%

27.58%-17.1pp

24.95%-14.5pp

1370.56%-1360.1pp

Employer contribution / active EE

$944

$3,160-70.1%

$3,871-75.6%

$2,626-64.0%

Participant deferral / active EE

$2,881

$3,862-25.4%

$5,060-43.1%

$4,350-33.8%

Admin fee / account holder

$91

$2,372-96.1%

$8,388-98.9%

$1,946-95.3%

Provider

Service type

Compensation

SEAY & WEISSINGER, LLC2 years

Filed as: SEAY & WEISSINGER LLC

Service code 10

2030 POWERS FERRY RD SE STE 208 · ATLANTA, GA 30339

Accounting

$13,500

APRIO BENEFIT ADVISORS LLC2 years

Filed as: APRIO BENEFIT ADVISORS

Service code 13

2002 SUMMIT BLVD STE 120 · ATLANTA, GA 30319

Contract Administrator

$8,032

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$3,441

APRIO BENEFIT ADVISORS LLC2 years

Filed as: APRIO BENEFIT ADVISORS, LLC

Service code 13

Contract Administrator

$3,070

GP'S ENTERPRISES, INC. AND GEORGIA BRIDGE AND CONCRETE, LLC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GP'S ENTERPRISES, INC. AND GEORGIA BRIDGE AND CONCRETE, LLC RETIREMENT 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