Retirement plan

B. V. HEDRICK GRAVEL AND SAND COMPANY SALARY DEFERRAL AND PROFIT SHARING PLAN

Name: B.V. HEDRICK GRAVEL & SAND COMPANY - B. V. HEDRICK GRAVEL AND SAND COMPANY SALARY DEFERRAL AND PROFIT SHARING PLAN (2019) Form 5500
Creator: B.V. HEDRICK GRAVEL & SAND COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, B. V. HEDRICK GRAVEL AND SAND COMPANY SALARY DEFERRAL AND PROFIT SHARING PLAN, B.V. HEDRICK GRAVEL & SAND COMPANY

B.V. HEDRICK GRAVEL & SAND COMPANYEIN 56-0257665Plan #002PY 2019

PO BOX 1040 - SALISBURY, NC 281451040704-633-5982LinkedIn51-200 employeesmining & metals

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$7M

+22.4% from 2018

Total participants

156

+9.1% from 2018

Average account balance

$45,148

+12.1% from 2018

Annual return

14.08%

+19.08 pp from 2018

Benchmarks

See 287 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort287 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.04M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

178

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.57M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+11.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$358

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 1 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.2 years Filed as: WELL FARGO BANK, N.A. Service code 15 · EIN 94-1347393	Recordkeeping	$40,003

Plan features & details

Pension benefit codes2E2F2G2J3D

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).
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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$41K

$376 / participant

Other / not subdivided$41K100.0%

% of EOY assets

0.586%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ANDERSON, SMITH & WIKE PLLC
Auditor EIN: 271473864
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,148

$67,703-33.3%

$127,803-64.7%

$65,186-30.7%

Participation rate

99.1%

74.5%+24.6pp

79.0%+20.1pp

70.2%+28.9pp

Annual return

14.08%

24.36%-10.3pp

26.14%-12.1pp

29.39%-15.3pp

Employer contribution / active EE

$5,129

$3,724+37.8%

$4,576+12.1%

$2,177+135.6%

Participant deferral / active EE

$4,298

$4,787-10.2%

$6,023-28.6%

$3,514+22.3%

Admin fee / account holder

$265

$618-57.2%

$9,399-97.2%

$847-68.8%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2 years

Filed as: WELL FARGO BANK, N.A.

Service code 15 · EIN 94-1347393

Recordkeeping

$40,003

B. V. HEDRICK GRAVEL AND SAND COMPANY SALARY DEFERRAL AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

B. V. HEDRICK GRAVEL AND SAND COMPANY SALARY DEFERRAL AND PROFIT SHARING 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