Retirement plan

GENCO MASONRY, INC. 401(K) PROFIT SHARING PLAN

Name: GENCO MASONRY, INC. - GENCO MASONRY, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: GENCO MASONRY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENCO MASONRY, INC. 401(K) PROFIT SHARING PLAN, GENCO MASONRY, INC.

GENCO MASONRY, INC.EIN 52-1336398Plan #001PY 2024

4853 CORDELL AVENUE - BETHESDA, MD 20814301-657-3340genmason.comLinkedIn201-500 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$1.0M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$10.7M

+1.7% from 2023

Total participants

378

-15.8% from 2023

Average account balance

$30,191

+4.9% from 2023

Annual return

12.04%

-3.09 pp from 2023

Benchmarks

See 3,446 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,446 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.66M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

353

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.

83.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$164K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$124

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 2 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY3 years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$41,339
UBS FINANCIAL SERVICES INC2 years Service code 99 · EIN 13-2638166	Other Fees	$18,000

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$44K

$294 / participant

Investment mgmt$9K20.5%
Contract admin$28K64.1%
Other / not subdivided$7K15.4%

% of EOY assets

0.411%

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: KEITH LINDAHL CPA PLLC
Auditor EIN: 208898964
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,191

$80,748-62.6%

$102,383-70.5%

$74,429-59.4%

Participation rate

83.2%

65.7%+17.5pp

74.5%+8.7pp

67.2%+16.0pp

Annual return

12.04%

27.57%-15.5pp

24.94%-12.9pp

1368.38%-1356.3pp

Employer contribution / active EE

$3,159-100.0%

$3,870-100.0%

$2,625-100.0%

Participant deferral / active EE

$1,104

$3,861-71.4%

$5,060-78.2%

$4,348-74.6%

Admin fee / account holder

$124

$2,371-94.8%

$8,391-98.5%

$1,944-93.6%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$41,339

UBS FINANCIAL SERVICES INC2 years

Service code 99 · EIN 13-2638166

Other Fees

$18,000

GENCO MASONRY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENCO MASONRY, INC. 401(K) 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