Retirement plan

C.W. STRITTMATTER, INC. 401(K) PLAN

Name: C.W. STRITTMATTER, INC. - C.W. STRITTMATTER, INC. 401(K) PLAN (2024) Form 5500
Creator: C.W. STRITTMATTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, C.W. STRITTMATTER, INC. 401(K) PLAN, C.W. STRITTMATTER, INC.

C.W. STRITTMATTER, INC.EIN 54-1073359Plan #001PY 2024

9102 OWENS DRIVE - MANASSAS PARK, VA 20111703-335-2255LinkedIn51-200 employeesconstruction

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$16.2M

+22.2% from 2023

Total participants

302

+7.5% from 2023

Average account balance

$76,746

+18.7% from 2023

Annual return

14.03%

-3.90 pp from 2023

Benchmarks

See 1,561 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,561 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.19M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

211

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.

66.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$332

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$71,829
GLOBAL RETIREMENT PARTNERS LLC2 years Service code 27 4340 REDWOOD HWY SUITE B60 · SAN RAFAEL, CA 94903	Advisory (Plan)	$43,030
NEWPORT GROUP, INC.2 years Filed as: NEWPORT GROUP INC Service code 13 300 PRIMERA BLVD · LAKE MARY, FL 32746	Contract Administrator	$7,168

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$70K

$260 / participant

Contract admin$70K100.0%

% of EOY assets

0.433%

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: COHN REZNICK LLP
Auditor EIN: 334144829
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,746

$83,023-7.6%

$102,437-25.1%

$77,762-1.3%

Participation rate

66.2%

71.5%-5.4pp

74.5%-8.3pp

70.6%-4.4pp

Annual return

14.03%

19.12%-5.1pp

24.95%-10.9pp

31.27%-17.2pp

Employer contribution / active EE

$1,724

$3,552-51.5%

$3,871-55.5%

$2,728-36.8%

Participant deferral / active EE

$3,670

$4,110-10.7%

$5,060-27.5%

$4,651-21.1%

Admin fee / account holder

$332

$639-48.1%

$8,388-96.0%

$433-23.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$71,829

GLOBAL RETIREMENT PARTNERS LLC2 years

Service code 27

4340 REDWOOD HWY SUITE B60 · SAN RAFAEL, CA 94903

Advisory (Plan)

$43,030

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT GROUP INC

Service code 13

300 PRIMERA BLVD · LAKE MARY, FL 32746

Contract Administrator

$7,168

C.W. STRITTMATTER, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

C.W. STRITTMATTER, INC. 401(K) 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