Retirement plan

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

Name: GENCO MASONRY, INC. - GENCO MASONRY, INC. 401(K) PROFIT SHARING PLAN (2018) 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 2018

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

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.8M

-2.4% from 2017

Total participants

367

+14.3% from 2017

Average account balance

$29,329

-14.6% from 2017

Annual return

-2.33%

-16.50 pp from 2017

Benchmarks

See 2,759 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,759 peers

Snapshot2018

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 4 by compensation

Provider	Service type	Compensation
BB&T2 years Service code 21 · EIN 56-1368984	Bank Trustee	$33,369
PRONVEST4+ years Service code 26 · EIN 62-1823351	Advisory (Participants)	$24,140
BB&T IIA3 years Service code 51 · EIN 57-0956597	Investment Mgmt Fees	$10,000
LINDAHL ASSOCIATES PLLC3 years Filed as: LINDAHL ASSOCIATES, PLLC Service code 10 · EIN 20-8898964	Accounting	$9,500

Plan features & details

Pension benefit codes2E2F2G2H2J2T3D

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.
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.
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

2 tripped

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

$77K

$328 / participant

Investment mgmt$34K44.3%
Other / not subdivided$43K55.7%

% of EOY assets

0.715%

all-in expense ratio

Categories reported

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,329

$55,449-47.1%

$83,830-65.0%

$56,287-47.9%

Participation rate

100.0%

68.0%+32.0pp

76.1%+23.9pp

69.9%+30.1pp

Annual return

-2.33%

-1.38%-0.9pp

850.97%-853.3pp

-9.96%+7.6pp

Employer contribution / active EE

$2,430-100.0%

$3,631-100.0%

$2,111-100.0%

Participant deferral / active EE

$636

$2,935-78.3%

$4,082-84.4%

$3,350-81.0%

Admin fee / account holder

$210

$656-68.0%

$5,479-96.2%

$521-59.7%

Provider

Service type

Compensation

BB&T2 years

Service code 21 · EIN 56-1368984

Bank Trustee

$33,369

PRONVEST4+ years

Service code 26 · EIN 62-1823351

Advisory (Participants)

$24,140

BB&T IIA3 years

Service code 51 · EIN 57-0956597

Investment Mgmt Fees

$10,000

LINDAHL ASSOCIATES PLLC3 years

Filed as: LINDAHL ASSOCIATES, PLLC

Service code 10 · EIN 20-8898964

Accounting

$9,500

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