Retirement plan

COLONIAL ELECTRIC CO. , INC. RETIREMENT SAVINGS PLAN

Name: COLONIAL ELECTRIC CO., INC. - COLONIAL ELECTRIC CO. , INC. RETIREMENT SAVINGS PLAN (2019) Form 5500
Creator: COLONIAL ELECTRIC CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COLONIAL ELECTRIC CO. , INC. RETIREMENT SAVINGS PLAN, COLONIAL ELECTRIC CO., INC.

COLONIAL ELECTRIC CO., INC.EIN 52-0900361Plan #001PY 2019

4444 SOLOMONS ISLAND ROAD - HARWOOD, MD 20776410-867-7702LinkedIn51-200 employeesconstruction

Prospect flagsLow returnsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$5.1M

+30.4% from 2018

Total participants

149

-5.1% from 2018

Average account balance

$50,011

+38.1% from 2018

Annual return

19.14%

+25.40 pp from 2018

Benchmarks

See 5,552 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,552 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.05M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

63.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$443K

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

+11.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17609

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

Top 4 by compensation

Provider	Service type	Compensation
MCLEAN ASSET MANAGEMENT CORP1 year Filed as: MCLEAN ASSET MANAGEMENT CORPORATION Service code 26 · EIN 54-1288925	Advisory (Participants)	$8,313
BLUESTAR RETIREMENT SERVICES1 year Service code 13 · EIN 59-3092339	Contract Administrator	$6,385
TD AMERITRADE, INC.1 year Filed as: TD AMERITRADE TRUST COMPANY Service code 19 · EIN 20-0937408	Securities Custodian	$622
TD AMERITRADE, INC.1 year Filed as: TD AMERITRADE TRUST CO 20-0937408 Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes3D2F2G2J2K2T

Plan features

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$16K

$119 / participant

Investment mgmt$8K52.5%
Contract admin$8K47.5%

% of EOY assets

0.313%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: COHN REZNICK
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,011

$89,652-44.2%

$141,177-64.6%

$65,185-23.3%

Participation rate

63.9%

74.7%-10.8pp

82.5%-18.6pp

70.2%-6.3pp

Annual return

19.14%

32.79%-13.7pp

71.40%-52.3pp

29.38%-10.2pp

Employer contribution / active EE

$1,051

$3,065-65.7%

$4,736-77.8%

$2,177-51.7%

Participant deferral / active EE

$2,305

$5,691-59.5%

$6,710-65.6%

$3,514-34.4%

Admin fee / account holder

$157

$569-72.4%

$10,263-98.5%

$847-81.5%

Provider

Service type

Compensation

MCLEAN ASSET MANAGEMENT CORP1 year

Filed as: MCLEAN ASSET MANAGEMENT CORPORATION

Service code 26 · EIN 54-1288925

Advisory (Participants)

$8,313

BLUESTAR RETIREMENT SERVICES1 year

Service code 13 · EIN 59-3092339

Contract Administrator

$6,385

TD AMERITRADE, INC.1 year

Filed as: TD AMERITRADE TRUST COMPANY

Service code 19 · EIN 20-0937408

Securities Custodian

$622

TD AMERITRADE, INC.1 year

Filed as: TD AMERITRADE TRUST CO 20-0937408

Service code 19

Securities Custodian

COLONIAL ELECTRIC CO. , INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COLONIAL ELECTRIC CO. , INC. RETIREMENT SAVINGS 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