Retirement plan

EMPLOYEE BENEFIT PLAN OF NORTH COUNTRY CONTRACTORS, LLC

Name: NORTH COUNTRY CONTRACTORS, LLC - EMPLOYEE BENEFIT PLAN OF NORTH COUNTRY CONTRACTORS, LLC (2020) Form 5500
Creator: NORTH COUNTRY CONTRACTORS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF NORTH COUNTRY CONTRACTORS, LLC, NORTH COUNTRY CONTRACTORS, LLC

NORTH COUNTRY CONTRACTORS, LLCEIN 55-0858326Plan #001PY 2020

23892 US ROUTE 11 - CALCIUM, NY 136162119315-785-5649LinkedIn1-10 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.9M

+10.7% from 2019

Total participants

+2.3% from 2019

Average account balance

$116,837

+8.0% from 2019

Annual return

11.13%

-10.86 pp from 2019

Benchmarks

See 16,250 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,250 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.10M

Not enough data

1 years with asset history on file

Average account balance

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

$187K

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.

223.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$267K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+13.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18328

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

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 codes2F2G2S2T

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

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

$337K

$8429 / participant

Other / not subdivided$337K100.0%

% of EOY assets

6.871%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$116,837

$72,269+61.7%

$101,271+15.4%

$79,852+46.3%

Participation rate

92.5%

68.5%+24.0pp

75.8%+16.7pp

69.6%+22.9pp

Annual return

11.13%

22.29%-11.2pp

46.48%-35.3pp

31.72%-20.6pp

Employer contribution / active EE

$4,996

$2,692+85.6%

$3,660+36.5%

$2,471+102.2%

Participant deferral / active EE

$2,897

$3,282-11.7%

$4,371-33.7%

$3,740-22.5%

Admin fee / account holder

$8,028

$4,401+82.4%

$5,948+35.0%

$5,306+51.3%

EMPLOYEE BENEFIT PLAN OF NORTH COUNTRY CONTRACTORS, LLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF NORTH COUNTRY CONTRACTORS, LLC

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