Retirement plan

NIELSEN BUILDERS INC EMPLOYEE STOCK OWNERSHIP SAVINGS PLAN

Name: NIELSEN BUILDERS INC EMPLOYEE STOCK OWNERSHIP SAVINGS PLAN - NIELSEN BUILDERS INC EMPLOYEE STOCK OWNERSHIP SAVINGS PLAN (2015) Form 5500
Creator: NIELSEN BUILDERS INC EMPLOYEE STOCK OWNERSHIP SAVINGS PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NIELSEN BUILDERS INC EMPLOYEE STOCK OWNERSHIP SAVINGS PLAN, NIELSEN BUILDERS INC EMPLOYEE STOCK OWNERSHIP SAVINGS PLAN

NIELSEN BUILDERS INC EMPLOYEE STOCK OWNERSHIP SAVINGS PLANEIN 54-0540965Plan #001PY 2015

3588 EARLY ROAD - HARRISONBURG, VA 22801540-434-7376

Prospect flagsLow returnsHigh feesFailed to transmit contributions

Top hat statement on fileNQDC

Filed July 13, 2018

Plan administrator

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3588 Early Road

harrisonburg State: VA Zip Code: 22801

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Plans declared (1)

Nielsen Builders, Inc nonqualified Deferred Compansation Plan2 emp

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Total assets (EOY)

$12.3M

No prior year

Total participants

176

No prior year

Average account balance

$77,535

No prior year

Annual return

-4.49%

No prior year

Benchmarks

See 1,997 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort1,997 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.18M

Not enough data

1 years with asset history on file

Average account balance

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

$158K

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.

115

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.

91.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+11.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$355

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
PENSIONMARK FINANCIAL GROUP LLC1+ years Filed as: PENSIONMARK RETIREMENT GROUP Service code 27 19 25TH ST. · ROANOKE, VA 24014	Advisory (Plan)	$29,345
DAILYACCESS CORPORATION1+ years Service code 15 · EIN 63-1156117	Recordkeeping	$16,092
TRANSITION FINANCE STRATEGIES, LLC1+ years Service code 14 · EIN 13-4238973	Plan Administrator	$9,190
RELIANCE TRUST COMPANY1+ years Service code 19 · EIN 58-1428634	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2I2J2K2P2Q2T3D3I

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.
2I
Stock bonus
Stock bonus plan.
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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return 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

$56K

$545 / participant

Investment mgmt$29K52.8%
Contract admin$25K45.7%
Other / not subdivided$8501.5%

% of EOY assets

0.454%

all-in expense ratio

Categories reported

2 / 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: BROWN EDWARDS CPAS
Auditor EIN: 540504608
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,535

$50,464+53.6%

$75,784+2.3%

$52,331+48.2%

Participation rate

82.4%

66.8%+15.6pp

75.8%+6.5pp

68.1%+14.2pp

Annual return

-4.49%

1.03%-5.5pp

9.68%-14.2pp

4.54%-9.0pp

Employer contribution / active EE

$2,008

$1,988+1.0%

$3,323-39.6%

$1,882+6.7%

Participant deferral / active EE

$1,849

$2,570-28.1%

$3,652-49.4%

$3,022-38.8%

Admin fee / account holder

$352

$1,103-68.1%

$5,300-93.4%

$592-40.5%

Provider

Service type

Compensation

PENSIONMARK FINANCIAL GROUP LLC1+ years

Filed as: PENSIONMARK RETIREMENT GROUP

Service code 27

19 25TH ST. · ROANOKE, VA 24014

Advisory (Plan)

$29,345

DAILYACCESS CORPORATION1+ years

Service code 15 · EIN 63-1156117

Recordkeeping

$16,092

TRANSITION FINANCE STRATEGIES, LLC1+ years

Service code 14 · EIN 13-4238973

Plan Administrator

$9,190

RELIANCE TRUST COMPANY1+ years

Service code 19 · EIN 58-1428634

Securities Custodian

NIELSEN BUILDERS INC EMPLOYEE STOCK OWNERSHIP SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NIELSEN BUILDERS INC EMPLOYEE STOCK OWNERSHIP SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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