Retirement plan

THE PLEASANT COMPANIES 401(K) PLAN AND TRUST

Name: PLEASANTS CONSTRUCTION, INC - THE PLEASANT COMPANIES 401(K) PLAN AND TRUST (2024) Form 5500
Creator: PLEASANTS CONSTRUCTION, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PLEASANT COMPANIES 401(K) PLAN AND TRUST, PLEASANTS CONSTRUCTION, INC

PLEASANTS CONSTRUCTION, INCEIN 52-1745292Plan #001PY 2024

24012 FREDERICK ROAD - CLARKSBURG, MD 208719718301-428-0800pleasantsconstruction.comLinkedIn201-500 employeesconstruction

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$24.2M

+18.1% from 2023

Total participants

830

+9.5% from 2023

Average account balance

$34,423

+2.2% from 2023

Annual return

12.63%

-5.38 pp from 2023

Benchmarks

See 1,563 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,563 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.20M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

703

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.37M

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

+12.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$155

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$108,781
GLOBAL RETIREMENT PARTNERS LLC6 years Service code 27 · EIN 47-1411118 4340 REDWOOD HWY STE B60 · SAN RAFAEL, CA 94903	Advisory (Plan)	$26,094
RETIREMENT BENEFIT SOLUTIONS2 years Service code 49	Other Services	$3,351
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$0
RETIREMENT BENEFIT SOLUTIONS1 year Filed as: RETIREMENT BENEFIT SOLUTIONS LLC Service code 49 · EIN 54-1953648 205 VAN BUREN ST STE 120 · HERNDON, VA 20170	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$109K

$143 / participant

Contract admin$109K100.0%

% of EOY assets

0.450%

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: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,423

$82,979-58.5%

$102,412-66.4%

$77,736-55.7%

Participation rate

83.3%

71.5%+11.8pp

74.5%+8.8pp

70.6%+12.7pp

Annual return

12.63%

19.11%-6.5pp

24.94%-12.3pp

31.26%-18.6pp

Employer contribution / active EE

$804

$3,554-77.4%

$3,870-79.2%

$2,728-70.5%

Participant deferral / active EE

$3,624

$4,109-11.8%

$5,060-28.4%

$4,651-22.1%

Admin fee / account holder

$155

$639-75.8%

$8,388-98.2%

$433-64.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$108,781

GLOBAL RETIREMENT PARTNERS LLC6 years

Service code 27 · EIN 47-1411118

4340 REDWOOD HWY STE B60 · SAN RAFAEL, CA 94903

Advisory (Plan)

$26,094

RETIREMENT BENEFIT SOLUTIONS2 years

Service code 49

Other Services

$3,351

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

RETIREMENT BENEFIT SOLUTIONS1 year

Filed as: RETIREMENT BENEFIT SOLUTIONS LLC

Service code 49 · EIN 54-1953648

205 VAN BUREN ST STE 120 · HERNDON, VA 20170

Other Services

THE PLEASANT COMPANIES 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE PLEASANT COMPANIES 401(K) PLAN AND TRUST

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