Retirement plan

SUPERIOR PAVING CORP. AND ASSOCIATED COMPANIES RETIREMENT SAVINGS PLAN

Name: SUPERIOR PAVING CORP. - SUPERIOR PAVING CORP. AND ASSOCIATED COMPANIES RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: SUPERIOR PAVING CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUPERIOR PAVING CORP. AND ASSOCIATED COMPANIES RETIREMENT SAVINGS PLAN, SUPERIOR PAVING CORP.

SUPERIOR PAVING CORP.EIN 54-1012294Plan #005PY 2022

5551 WELLINGTON ROAD - GAINESVILLE, VA 20155703-631-0004superiorpaving.netLinkedIn201-500 employeesconstruction

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$36.4M

-22.1% from 2021

Total participants

369

-18.4% from 2021

Average account balance

$98,785

-4.6% from 2021

Annual return

-22.13%

-34.85 pp from 2021

Benchmarks

See 1,172 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,172 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.71M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

570

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.

99.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$171

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
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL RETIREMENT INSURANCE Service code 13 · EIN 06-1050034	Contract Administrator	$102,098
KESTRA INVESTMENT SERVICES LLC1 year Service code 27 · EIN 35-2552359	Advisory (Plan)	$62,809
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 64 · EIN 04-2647786	Recordkeeping Fees	$10,360
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL INVESTMENT MANAGEMENT Service code 63 · EIN 13-4122960	12b-1 Fees	$5,800

Plan features & details

Pension benefit codes3H2E2J2G2K2R2T3D2S2F

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

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

$158K

$540 / participant

Other / not subdivided$158K100.0%

% of EOY assets

0.435%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,785

$81,948+20.5%

$90,766+8.8%

$64,824+52.4%

Participation rate

99.7%

80.5%+19.2pp

75.7%+24.0pp

71.5%+28.2pp

Annual return

-22.13%

-12.53%-9.6pp

-12.16%-10.0pp

32.84%-55.0pp

Employer contribution / active EE

$3,879

$3,067+26.5%

$2,922+32.8%

$2,507+54.7%

Participant deferral / active EE

$7,252

$4,844+49.7%

$4,565+58.9%

$4,311+68.2%

Admin fee / account holder

$430

$157+173.6%

$8,446-94.9%

$188+128.8%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL RETIREMENT INSURANCE

Service code 13 · EIN 06-1050034

Contract Administrator

$102,098

KESTRA INVESTMENT SERVICES LLC1 year

Service code 27 · EIN 35-2552359

Advisory (Plan)

$62,809

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$10,360

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL INVESTMENT MANAGEMENT

Service code 63 · EIN 13-4122960

12b-1 Fees

$5,800

SUPERIOR PAVING CORP. AND ASSOCIATED COMPANIES RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUPERIOR PAVING CORP. AND ASSOCIATED COMPANIES RETIREMENT SAVINGS PLAN

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