Retirement plan

MOORES ELECTRICAL & MECHANICAL CONSTRUCTION, INC. 401(K) PLAN

Name: MOORES ELECTRICAL & MECHANICAL CONSTRUCTION, INC. - MOORES ELECTRICAL & MECHANICAL CONSTRUCTION, INC. 401(K) PLAN (2022) Form 5500
Creator: MOORES ELECTRICAL & MECHANICAL CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOORES ELECTRICAL & MECHANICAL CONSTRUCTION, INC. 401(K) PLAN, MOORES ELECTRICAL & MECHANICAL CONSTRUCTION, INC.

MOORES ELECTRICAL & MECHANICAL CONSTRUCTION, INC.EIN 54-1598347Plan #001PY 2022

P.O BOX 119 - ALTAVISTA, VA 24517434-309-4374mooreselectric.comLinkedIn501-1000 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$14.5M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$22.3M

-48.0% from 2021

Total participants

766

+6.5% from 2021

Average account balance

$30,311

-50.7% from 2021

Annual return

-46.67%

-63.58 pp from 2021

Benchmarks

See 1,393 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,393 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.46M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

740

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.

94.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.19M

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

+14.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$178

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 2 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.6 years Service code 15 · EIN 45-6062081	Recordkeeping	$71,521
RAYMOND JAMES FINANCIAL SERVICES8+ years Filed as: RAYMOND JAMES FINANCIAL, INC. Service code 27 880 CARILLON PKWY · ST. PETERSBURG, FL 33716	Advisory (Plan)	$61,289

Plan features & details

Pension benefit codes2E2F2H2J2K2T

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).
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.
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$133K

$284 / participant

Investment mgmt$61K46.1%
Contract admin$72K53.9%

% of EOY assets

0.595%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SHELTON & COMPANY CPAS P.C.
Auditor EIN: 541570750
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,311

$106,236-71.5%

$112,258-73.0%

$64,814-53.2%

Participation rate

93.8%

71.7%+22.1pp

75.1%+18.7pp

71.5%+22.3pp

Annual return

-46.67%

-6.02%-40.7pp

27.47%-74.1pp

32.84%-79.5pp

Employer contribution / active EE

$1,555

$3,166-50.9%

$3,636-57.2%

$2,507-38.0%

Participant deferral / active EE

$3,737

$3,785-1.3%

$4,728-21.0%

$4,310-13.3%

Admin fee / account holder

$180

$452-60.1%

$6,411-97.2%

$188-4.0%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.6 years

Service code 15 · EIN 45-6062081

Recordkeeping

$71,521

RAYMOND JAMES FINANCIAL SERVICES8+ years

Filed as: RAYMOND JAMES FINANCIAL, INC.

Service code 27

880 CARILLON PKWY · ST. PETERSBURG, FL 33716

Advisory (Plan)

$61,289

MOORES ELECTRICAL & MECHANICAL CONSTRUCTION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOORES ELECTRICAL & MECHANICAL CONSTRUCTION, 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