Retirement plan

MOORE'S ELECTRICAL & MECHANICAL CONSTRUCTION, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Name: MOORE'S ELECTRICAL & MECHANICAL CONSTRUCTION, INC. - MOORE'S ELECTRICAL & MECHANICAL CONSTRUCTION, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST (2024) Form 5500
Creator: MOORE'S ELECTRICAL & MECHANICAL CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOORE'S ELECTRICAL & MECHANICAL CONSTRUCTION, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST, MOORE'S ELECTRICAL & MECHANICAL CONSTRUCTION, INC.

MOORE'S ELECTRICAL & MECHANICAL CONSTRUCTION, INC.EIN 54-1598347Plan #002PY 2024

PO BOX 119 - ALTAVISTA, VA 24517434-369-4374mooreselectric.comLinkedIn501-1000 employeesconstruction

Other plans on this EIN

1 filing

#001Retirement-$30.5M assets

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$18.2M

+18.0% from 2023

Total participants

712

-1.1% from 2023

Average account balance

$25,586

+18.8% from 2023

Annual return

16.42%

+11.97 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

$18.17M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

710

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.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$735K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+16.42%

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

1 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2P2Q3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$6K

$12 / participant

Contract admin$6K99.5%
Other / not subdivided$320.5%

% of EOY assets

0.034%

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: 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

$25,586

$83,023-69.2%

$102,437-75.0%

$77,762-67.1%

Participation rate

99.6%

71.5%+28.1pp

74.5%+25.1pp

70.6%+29.0pp

Annual return

16.42%

19.12%-2.7pp

24.95%-8.5pp

31.27%-14.8pp

Employer contribution / active EE

$1,456

$3,552-59.0%

$3,871-62.4%

$2,728-46.6%

Participant deferral / active EE

$4,110-100.0%

$5,060-100.0%

$4,651-100.0%

Admin fee / account holder

$639-98.6%

$8,388-99.9%

$433-98.0%

MOORE'S ELECTRICAL & MECHANICAL CONSTRUCTION, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOORE'S ELECTRICAL & MECHANICAL CONSTRUCTION, INC. EMPLOYEE STOCK OWNERSHIP 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