Retirement plan

GEIGER READY-MIX CO., INC. 401(K) PROFIT SHARING PLAN

Name: GEIGER READY-MIX CO., INC. - GEIGER READY-MIX CO., INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: GEIGER READY-MIX CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEIGER READY-MIX CO., INC. 401(K) PROFIT SHARING PLAN, GEIGER READY-MIX CO., INC.

GEIGER READY-MIX CO., INC.EIN 48-0794640Plan #002PY 2021

PO BOX 7190 - SHAWNEE MISSION, KS 66207913-648-5526geigerreadymix.comLinkedIn201-500 employeesbuilding materials

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed September 8, 2020

Plan administrator

Plan administrator name— Sign in and upgrade to view

4318 Speaker Rd

Kansas City, KS 66106

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Plans declared (1)

Geiger Ready-Mix Nonqualified Deferred Compensation Plan18 emp

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Total assets (EOY)

$24.3M

+13.1% from 2020

Total participants

286

-7.1% from 2020

Average account balance

$85,630

+15.5% from 2020

Annual return

14.88%

+0.62 pp from 2020

Benchmarks

See 2,980 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,980 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.41M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

282

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$264

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 4 by compensation

Provider	Service type	Compensation
AMERITAS LIFE INSURANCE CORP7+ years Filed as: AMERITAS LIFE INSURANCE CORP. Service code 15 5900 O STREET · LINCOLN, NE 68510	Recordkeeping	$60,803
NATIONWIDE2 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$26,815
TAX FAVORED BENEFITS, INC.3 years Service code 13 · EIN 48-0912395	Contract Administrator	$16,360
LEAFHOUSE FINANCIAL ADVISORS, LLC2 years Service code 27 6504 BRIDGEPORT PARKWAY STE 450 · AUSTIN, TN 78730	Advisory (Plan)	$4,504

Plan features & details

Pension benefit codes3D2E2F2G2J2K2D

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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.

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

$109K

$469 / participant

Contract admin$109K100.0%

% of EOY assets

0.448%

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: MIZE CPAS INC.
Auditor EIN: 480882363
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,630

$77,677+10.2%

$109,188-21.6%

$79,389+7.9%

Participation rate

99.1%

67.8%+31.3pp

75.9%+23.3pp

70.7%+28.4pp

Annual return

14.88%

23.44%-8.6pp

25.76%-10.9pp

116.89%-102.0pp

Employer contribution / active EE

$2,857

$2,798+2.1%

$3,723-23.3%

$2,428+17.7%

Participant deferral / active EE

$4,076

$3,517+15.9%

$4,654-12.4%

$4,046+0.7%

Admin fee / account holder

$383

$732-47.7%

$6,755-94.3%

$626-38.8%

Provider

Service type

Compensation

AMERITAS LIFE INSURANCE CORP7+ years

Filed as: AMERITAS LIFE INSURANCE CORP.

Service code 15

5900 O STREET · LINCOLN, NE 68510

Recordkeeping

$60,803

NATIONWIDE2 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$26,815

TAX FAVORED BENEFITS, INC.3 years

Service code 13 · EIN 48-0912395

Contract Administrator

$16,360

LEAFHOUSE FINANCIAL ADVISORS, LLC2 years

Service code 27

6504 BRIDGEPORT PARKWAY STE 450 · AUSTIN, TN 78730

Advisory (Plan)

$4,504

GEIGER READY-MIX CO., INC. 401(K) PROFIT SHARING PLAN

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

GEIGER READY-MIX CO., INC. 401(K) PROFIT SHARING PLAN

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