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 (2023) 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 2023

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

Prospect flagsLow returnsHigh fees

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)

$16.1M

+11.5% from 2022

Total participants

123

-4.7% from 2022

Average account balance

$132,272

+17.0% from 2022

Annual return

10.81%

+19.86 pp from 2022

Benchmarks

See 18,037 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,037 peers

Snapshot2023

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
TRANSITION FINANCE STRATEGIES, LLC4 years Filed as: TRANSITION FINANCIAL STRATEGIES LLC Service code 49 · EIN 13-4238973 154 HANSEN RD · CHARLOTTESVILLE, VA 22911	Other Services	$16,207
WELLS FARGO BANK, N.A.6 years Filed as: WELLS FARGO ADVISORS INS AGENCY LLC Service code 99	Other Fees	$15,239
YOUNT, HYDE & BARBOUR, P.C.1 year Filed as: YOUNT, HYDE & BARBOUR, PC Service code 10 · EIN 54-1149263	Accounting	$5,500
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO CLEARING SERVICES, LLC Service code 99 · EIN 34-1542819	Other Fees	$0

Plan features & details

Pension benefit codes2E2F2H2I2J2K2O2Q2T3I

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).
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.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$40K

$527 / participant

Contract admin$40K100.0%

% of EOY assets

0.248%

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: YOUNT, HYDE & BARBOUR, P.C.
Auditor EIN: 541149263
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$132,272

$73,978+78.8%

$96,515+37.0%

$75,173+76.0%

Participation rate

98.7%

66.4%+32.3pp

74.3%+24.3pp

67.2%+31.5pp

Annual return

10.81%

26.72%-15.9pp

35.73%-24.9pp

160.72%-149.9pp

Employer contribution / active EE

$8,920

$2,931+204.4%

$3,740+138.5%

$2,671+234.0%

Participant deferral / active EE

$4,838

$3,660+32.2%

$4,880-0.8%

$4,126+17.3%

Admin fee / account holder

$328

$5,219-93.7%

$6,735-95.1%

$5,651-94.2%

Provider

Service type

Compensation

TRANSITION FINANCE STRATEGIES, LLC4 years

Filed as: TRANSITION FINANCIAL STRATEGIES LLC

Service code 49 · EIN 13-4238973

154 HANSEN RD · CHARLOTTESVILLE, VA 22911

Other Services

$16,207

WELLS FARGO BANK, N.A.6 years

Filed as: WELLS FARGO ADVISORS INS AGENCY LLC

Service code 99

Other Fees

$15,239

YOUNT, HYDE & BARBOUR, P.C.1 year

Filed as: YOUNT, HYDE & BARBOUR, PC

Service code 10 · EIN 54-1149263

Accounting

$5,500

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO CLEARING SERVICES, LLC

Service code 99 · EIN 34-1542819

Other Fees

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