Retirement plan

SENTRY EQUIPMENT ERECTORS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN

Name: SENTRY EQUIPMENT ERECTORS, LLC - SENTRY EQUIPMENT ERECTORS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN (2023) Form 5500
Creator: SENTRY EQUIPMENT ERECTORS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SENTRY EQUIPMENT ERECTORS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN, SENTRY EQUIPMENT ERECTORS, LLC

SENTRY EQUIPMENT ERECTORS, LLCEIN 54-1150258Plan #001PY 2023

13150 EAST LYNCHBURG-SALEM TURNPIKE - FOREST, VA 24551434-525-0769

Other plans on this EIN

1 filing

#002Retirement-$66.6M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$29.8M

-65.9% from 2022

Total participants

247

-33.4% from 2022

Average account balance

$120,639

-48.7% from 2022

Annual return

-65.02%

-99.50 pp from 2022

Benchmarks

See 2,346 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,346 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.80M

Not enough data

1 years with asset history on file

Average account balance

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

$121K

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.

247

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.84M

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

-65.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$716

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 5 by compensation

Provider	Service type	Compensation
SUNTRUST BANKS, INC.2 years Filed as: TRUIST ADVISORY SERVICES INC Service code 27 · EIN 37-1808847	Advisory (Plan)	$49,210
CHARTWELL FINANCIAL ADVISORY, INC.2 years Filed as: CHARTWELL FINANCIAL ADVISORY INC Service code 34 · EIN 36-4799908	Valuation (appraisals, etc.)	$26,000
VENTURA2 years Filed as: VENTURA ESOP FIDUCIARY SERVICES LLC Service code 11 · EIN 82-2898965	Actuarial	$24,720
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSMERICA RETIREMENT SOLUTIONS Service code 15 · EIN 13-3689044	Recordkeeping	$18,791
PENSION FINANCIAL SERVICES, INC.3 years Filed as: PENSION FINANCIAL SERVICES INC Service code 15 · EIN 58-1485803	Recordkeeping	$15,468

Plan features & details

Pension benefit codes2E2H2J2K2P2Q3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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

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

$177K

$962 / participant

Recordkeeping$62K34.8%
Investment mgmt$49K27.8%
Valuation$26K14.7%
Other trustee fees$25K14.0%
Other / not subdivided$15K8.7%

% of EOY assets

0.594%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DAVIDSON, DOYLE, HILTON, LLP
Auditor EIN: 541953476
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,639

$83,045+45.3%

$130,045-7.2%

$71,511+68.7%

Participation rate

100.0%

74.1%+25.9pp

78.5%+21.5pp

67.9%+32.1pp

Annual return

-65.02%

20.61%-85.6pp

-137.30%+72.3pp

28.86%-93.9pp

Employer contribution / active EE

$4,531

$2,623+72.7%

$4,321+4.8%

$2,589+75.0%

Participant deferral / active EE

$5,486

$4,436+23.7%

$5,820-5.7%

$4,291+27.9%

Admin fee / account holder

$716

$1,727-58.5%

$10,600-93.2%

$1,588-54.9%

Provider

Service type

Compensation

SUNTRUST BANKS, INC.2 years

Filed as: TRUIST ADVISORY SERVICES INC

Service code 27 · EIN 37-1808847

Advisory (Plan)

$49,210

CHARTWELL FINANCIAL ADVISORY, INC.2 years

Filed as: CHARTWELL FINANCIAL ADVISORY INC

Service code 34 · EIN 36-4799908

Valuation (appraisals, etc.)

$26,000

VENTURA2 years

Filed as: VENTURA ESOP FIDUCIARY SERVICES LLC

Service code 11 · EIN 82-2898965

Actuarial

$24,720

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSMERICA RETIREMENT SOLUTIONS

Service code 15 · EIN 13-3689044

Recordkeeping

$18,791

PENSION FINANCIAL SERVICES, INC.3 years

Filed as: PENSION FINANCIAL SERVICES INC

Service code 15 · EIN 58-1485803

Recordkeeping

$15,468

SENTRY EQUIPMENT ERECTORS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SENTRY EQUIPMENT ERECTORS, INC. EMPLOYEE STOCK OWNERSHIP AND 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