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 (2020) 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 2020

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.4M

-9.0% from 2019

Total participants

-10.9% from 2019

Average account balance

$33,249

+2.1% from 2019

Annual return

1.72%

+0.22 pp from 2019

Benchmarks

See 817 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants25-99

Cohort817 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.18M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$400K

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

+9.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3104

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

2 tripped

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

$320K

$12782 / participant

Other / not subdivided$320K100.0%

% of EOY assets

23.441%

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

$33,249

$88,042-62.2%

$138,135-75.9%

$79,856-58.4%

Participation rate

100.0%

71.4%+28.6pp

78.7%+21.3pp

69.6%+30.4pp

Annual return

1.72%

20.58%-18.9pp

20.51%-18.8pp

31.71%-30.0pp

Employer contribution / active EE

$1,004

$3,103-67.6%

$5,587-82.0%

$2,471-59.4%

Participant deferral / active EE

$4,829

$4,704+2.7%

$6,431-24.9%

$3,741+29.1%

Admin fee / account holder

$7,794

$7,7910%

$11,856-34.3%

$5,306+46.9%

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