Retirement plan

CORINTHIAN CONTRACTORS, INC. 401(K) PLAN

Name: CORINTHIAN CONTRACTORS, INC. - CORINTHIAN CONTRACTORS, INC. 401(K) PLAN (2020) Form 5500
Creator: CORINTHIAN CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORINTHIAN CONTRACTORS, INC. 401(K) PLAN, CORINTHIAN CONTRACTORS, INC.

CORINTHIAN CONTRACTORS, INC.EIN 54-1930626Plan #001PY 2020

8510 WESTPHALIA ROAD - UPPER MARLBORO, MD 20774301-568-6510corinthiancontractors.comLinkedIn51-200 employeesconstruction

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$2.7M

+40.5% from 2019

Total participants

229

+44.9% from 2019

Average account balance

$12,881

-19.6% from 2019

Annual return

14.57%

-2.31 pp from 2019

Benchmarks

See 2,940 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,940 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.73M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

152.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$861

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

+9.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5314

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$17,685
STAMBAUGH NESS PC1 year Filed as: STAMBAUGH NESS Service code 10 · EIN 23-2846715	Accounting	$11,499
PA RETIREMENT SOLUTIONS, INC.2 years Filed as: PA RETIREMENT SOLUTIONS INC Service code 13 · EIN 27-2487837	Contract Administrator	$7,199
TRIAD ADVISORS INC2 years Filed as: TRIAD HYBRID SOLUTIONS, LLC Service code 27 · EIN 46-5391363	Advisory (Plan)	$7,088

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
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.
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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$36K

$316 / participant

Contract admin$25K68.4%
Other / not subdivided$11K31.6%

% of EOY assets

1.358%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: STAMBAUGH NESS, INC.
Auditor EIN: 232846715
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,881

$69,362-81.4%

$101,248-87.3%

$73,488-82.5%

Participation rate

81.7%

68.4%+13.4pp

75.8%+5.9pp

70.7%+11.1pp

Annual return

14.57%

18.46%-3.9pp

46.47%-31.9pp

28.51%-13.9pp

Employer contribution / active EE

$5,052

$2,628+92.2%

$3,660+38.0%

$2,270+122.5%

Participant deferral / active EE

$933

$3,300-71.7%

$4,370-78.6%

$3,740-75.0%

Admin fee / account holder

$175

$704-75.1%

$5,945-97.1%

$513-65.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$17,685

STAMBAUGH NESS PC1 year

Filed as: STAMBAUGH NESS

Service code 10 · EIN 23-2846715

Accounting

$11,499

PA RETIREMENT SOLUTIONS, INC.2 years

Filed as: PA RETIREMENT SOLUTIONS INC

Service code 13 · EIN 27-2487837

Contract Administrator

$7,199

TRIAD ADVISORS INC2 years

Filed as: TRIAD HYBRID SOLUTIONS, LLC

Service code 27 · EIN 46-5391363

Advisory (Plan)

$7,088

CORINTHIAN CONTRACTORS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORINTHIAN CONTRACTORS, 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