Retirement plan

GENERAL EXCAVATION, INC. 401K PROFIT SHARING PLAN AND TRUST

Name: GENERAL EXCAVATION, INC. - GENERAL EXCAVATION, INC. 401K PROFIT SHARING PLAN AND TRUST (2016) Form 5500
Creator: GENERAL EXCAVATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENERAL EXCAVATION, INC. 401K PROFIT SHARING PLAN AND TRUST, GENERAL EXCAVATION, INC.

GENERAL EXCAVATION, INC.EIN 54-1223927Plan #001PY 2016

9757 RIDER ROAD - WARRENTON, VA 20187540-439-2202gei-va.comLinkedIn11-50 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.4M

No prior year

Total participants

106

No prior year

Average account balance

$51,036

No prior year

Annual return

9.21%

No prior year

Benchmarks

See 13,704 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort13,704 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.87M

Not enough data

1 years with asset history on file

Average account balance

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

$97K

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.

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.

94.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$324K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5769

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
WESTMINISTER FINANICAL ADVISORS,LLC2+ years Service code 26 424 GRAVES MILL ROAD · LYNCHBURG, VA 24502	Advisory (Participants)	$18,348
UNIFIED TRUST COMPANY, N.A.2+ years Service code 13 · EIN 61-1381380	Contract Administrator	$13,084

Plan features & details

Pension benefit codes2J3D2E2G2K

Plan features

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

Opportunity flags

1 tripped

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

$33K

$366 / participant

Investment mgmt$18K56.3%
Contract admin$3K10.0%
Other / not subdivided$11K33.7%

% of EOY assets

0.742%

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: RYAN & WETMORE, P.C.
Auditor EIN: 521753100
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,036

$56,894-10.3%

$84,753-39.8%

$62,881-18.8%

Participation rate

77.5%

68.5%+9.0pp

76.6%+0.9pp

69.3%+8.2pp

Annual return

9.21%

6.30%+2.9pp

22.78%-13.6pp

20.14%-10.9pp

Employer contribution / active EE

$1,365

$2,400-43.1%

$3,574-61.8%

$2,281-40.1%

Participant deferral / active EE

$2,930

$2,709+8.2%

$3,712-21.1%

$3,203-8.5%

Admin fee / account holder

$379

$3,581-89.4%

$5,333-92.9%

$4,296-91.2%

Provider

Service type

Compensation

WESTMINISTER FINANICAL ADVISORS,LLC2+ years

Service code 26

424 GRAVES MILL ROAD · LYNCHBURG, VA 24502

Advisory (Participants)

$18,348

UNIFIED TRUST COMPANY, N.A.2+ years

Service code 13 · EIN 61-1381380

Contract Administrator

$13,084

GENERAL EXCAVATION, INC. 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENERAL EXCAVATION, INC. 401K PROFIT SHARING PLAN AND TRUST

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