Retirement plan

LESSEES OF B V HEDRICK GRAVEL & SAND COMPANY DEFERRAL AND PROFIT SHARING PLAN

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

LESSEES OF B V HEDRICK GRAVEL & SAND COMPANYEIN 56-0486000Plan #001PY 2019

PO BOX 1040 - SALISBURY, NC 281451040704-633-5982

Prospect flagsLow returnsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$1.5M

+9.7% from 2018

Total participants

+7.0% from 2018

Average account balance

$32,568

+2.5% from 2018

Annual return

1.50%

-5.62 pp from 2018

Benchmarks

See 846 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants25-99

Cohort846 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.99M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

127.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$387K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+19.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4622

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 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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$23K

$698 / participant

Other / not subdivided$23K100.0%

% of EOY assets

1.538%

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

$32,568

$82,882-60.7%

$127,803-74.5%

$72,975-55.4%

Participation rate

100.0%

71.5%+28.5pp

79.0%+21.0pp

69.5%+30.5pp

Annual return

1.50%

32.20%-30.7pp

26.14%-24.6pp

81.01%-79.5pp

Employer contribution / active EE

$113

$3,346-96.6%

$4,576-97.5%

$2,440-95.4%

Participant deferral / active EE

$3,679

$4,791-23.2%

$6,023-38.9%

$3,608+2.0%

Admin fee / account holder

$501

$6,487-92.3%

$9,399-94.7%

$5,124-90.2%

LESSEES OF B V HEDRICK GRAVEL & SAND COMPANY DEFERRAL AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LESSEES OF B V HEDRICK GRAVEL & SAND COMPANY 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