Retirement plan

ROSS & SONS CASH BALANCE PLAN

Name: ROSS & SONS UTILITY CONTRACTOR, INC. - ROSS & SONS CASH BALANCE PLAN (2023) Form 5500
Creator: ROSS & SONS UTILITY CONTRACTOR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROSS & SONS CASH BALANCE PLAN, ROSS & SONS UTILITY CONTRACTOR, INC.

ROSS & SONS UTILITY CONTRACTOR, INC.EIN 54-1316705Plan #002PY 2023

PO BOX 377 - LANEXA, VA 23089757-369-6510rossandsonsutility.comLinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#001Retirement-$11.1M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$2.7M

+18.3% from 2022

Total participants

-84.8% from 2022

Average account balance

No prior year

Annual return

11.12%

+27.10 pp from 2022

Benchmarks

See 2,530 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants<25

Cohort2,530 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$673

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 1 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES & ASSOCIATES Service code 26 · EIN 59-1237041	Advisory (Participants)	$15,739

Plan features & details

Pension benefit codes1A1C

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$16K

$5246 / participant

Investment mgmt$16K100.0%

% of EOY assets

0.584%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$162,803-100.0%

$473,625-100.0%

$285,997-100.0%

Participation rate

0.0%

73.7%-73.7pp

37.3%-37.3pp

55.8%-55.8pp

Annual return

11.12%

17.22%-6.1pp

20.18%-9.1pp

24.44%-13.3pp

Employer contribution / active EE

$157,980

$35,410+346.2%

$29,108+442.7%

$41,348+282.1%

Participant deferral / active EE

$6-100.0%

$55-100.0%

Admin fee / account holder

$1,223-100.0%

$2,262-100.0%

$22,013-100.0%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES & ASSOCIATES

Service code 26 · EIN 59-1237041

Advisory (Participants)

$15,739

ROSS & SONS CASH BALANCE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROSS & SONS CASH BALANCE 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