Retirement plan

THE COMPANY PROFIT SHARING AND 401(K) PLAN

Name: ENGLISH CONSTRUCTION COMPANY, INCORPORATED - THE COMPANY PROFIT SHARING AND 401(K) PLAN (2016) Form 5500
Creator: ENGLISH CONSTRUCTION COMPANY, INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE COMPANY PROFIT SHARING AND 401(K) PLAN, ENGLISH CONSTRUCTION COMPANY, INCORPORATED

ENGLISH CONSTRUCTION COMPANY, INCORPORATEDEIN 54-0472783Plan #001PY 2016

615 CHURCH STREET - LYNCHBURG, VA 24504434-455-3190englishconst.comLinkedIn501-1000 employeesconstruction

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed August 31, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$32.7M

-4.0% from 2015

Total participants

730

+0.7% from 2015

Average account balance

$58,272

-14.3% from 2015

Annual return

8.61%

-0.20 pp from 2015

Benchmarks

See 1,079 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,079 peers

Snapshot2016

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Analytics

Total assets (EOY)

Plan-year ending balance

$39.52M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

566

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.

58.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.88M

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

+15.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$214

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
STATE STREET GLOBAL ADVISORS2+ years Filed as: DEUTSCHE BANK Service code 27 100 NORTH MAIN STREET SUITE 2400 · WINSTON-SALEM, NC 27101	Advisory (Plan)	$45,333
NEWPORT GROUP, INC.1 year Service code 15 · EIN 27-2037969	Recordkeeping	$38,532
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES AND ASSOICATES, INC. Service code 27 P.O. BOX 23641 · ST. PETERSBURG, FL 33742	Advisory (Plan)	$15,456
WITHUMSMITH+BROWN, PC2+ years Filed as: BROWN EDWARDS & COMPANY, LLP Service code 10 2215 LANGHORNE RD · LYNCHBURG, VA 24501	Accounting	$5,700

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$114K

$276 / participant

Investment mgmt$61K53.3%
Contract admin$39K33.9%
Other / not subdivided$15K12.8%

% of EOY assets

0.347%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BROWN EDWARDS & COMPANY, LLP
Auditor EIN: 540504608
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,272

$57,921+0.6%

$84,750-31.2%

$57,658+1.1%

Participation rate

59.2%

72.9%-13.7pp

76.6%-17.4pp

70.2%-11.0pp

Annual return

8.61%

10.24%-1.6pp

22.78%-14.2pp

5.13%+3.5pp

Employer contribution / active EE

$704

$2,598-72.9%

$3,574-80.3%

$1,974-64.4%

Participant deferral / active EE

$2,560

$2,742-6.6%

$3,712-31.0%

$3,061-16.4%

Admin fee / account holder

$202

$130+56.0%

$5,332-96.2%

$95+114.0%

Provider

Service type

Compensation

STATE STREET GLOBAL ADVISORS2+ years

Filed as: DEUTSCHE BANK

Service code 27

100 NORTH MAIN STREET SUITE 2400 · WINSTON-SALEM, NC 27101

Advisory (Plan)

$45,333

NEWPORT GROUP, INC.1 year

Service code 15 · EIN 27-2037969

Recordkeeping

$38,532

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES AND ASSOICATES, INC.

Service code 27

P.O. BOX 23641 · ST. PETERSBURG, FL 33742

Advisory (Plan)

$15,456

WITHUMSMITH+BROWN, PC2+ years

Filed as: BROWN EDWARDS & COMPANY, LLP

Service code 10

2215 LANGHORNE RD · LYNCHBURG, VA 24501

Accounting

$5,700

THE COMPANY PROFIT SHARING AND 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE COMPANY PROFIT SHARING AND 401(K) PLAN

Top hat statement on fileNQDC

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