Retirement plan

EMPLOYEE BENEFIT PLAN OF TOBAR CONSTRUCTION, INC.

Name: TOBAR CONSTRUCTION, INC. - EMPLOYEE BENEFIT PLAN OF TOBAR CONSTRUCTION, INC. (2024) Form 5500
Creator: TOBAR CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF TOBAR CONSTRUCTION, INC., TOBAR CONSTRUCTION, INC.

TOBAR CONSTRUCTION, INC.EIN 52-2027489Plan #001PY 2024

5005 POWDER MILL RD - BELTSVILLE, MD 207051972301-595-2042tobarconstruction.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$3M

+18.5% from 2023

Total participants

+12.5% from 2023

Average account balance

$51,995

+24.7% from 2023

Annual return

20.21%

+8.25 pp from 2023

Benchmarks

See 18,526 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,526 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.96M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

83.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$170K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+20.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3763

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T3D

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.
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.
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

$214K

$3154 / participant

Other / not subdivided$214K100.0%

% of EOY assets

7.237%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,995

$81,504-36.2%

$102,437-49.2%

$80,959-35.8%

Participation rate

51.5%

66.9%-15.4pp

74.5%-23.0pp

67.7%-16.2pp

Annual return

20.21%

25.60%-5.4pp

24.95%-4.7pp

35.67%-15.5pp

Employer contribution / active EE

$971

$3,104-68.7%

$3,871-74.9%

$2,757-64.8%

Participant deferral / active EE

$1,528

$3,871-60.5%

$5,060-69.8%

$4,300-64.5%

Admin fee / account holder

$3,763

$6,719-44.0%

$8,388-55.1%

$6,925-45.7%

EMPLOYEE BENEFIT PLAN OF TOBAR CONSTRUCTION, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF TOBAR CONSTRUCTION, INC.

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