Retirement plan

SEEGARS FENCE COMPANY, INC. 401(K) RETIREMENT PLAN

Name: SEEGARS FENCE COMPANY, INC. - SEEGARS FENCE COMPANY, INC. 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: SEEGARS FENCE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEEGARS FENCE COMPANY, INC. 401(K) RETIREMENT PLAN, SEEGARS FENCE COMPANY, INC.

SEEGARS FENCE COMPANY, INC.EIN 56-0506950Plan #001PY 2024

401 PATETOWN ROAD - GOLDSBORO, NC 27530919-739-7500seegarsfence.comLinkedIn201-500 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.3M

+21.6% from 2023

Total participants

300

+3.8% from 2023

Average account balance

$47,939

+25.9% from 2023

Annual return

13.13%

-8.09 pp from 2023

Benchmarks

See 1,561 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,561 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.27M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

256

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.

82.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$362

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 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.8 years Service code 15 · EIN 27-2037969 35 IRON POINT CIRCLE · FOLSOM, CA 956308589	Recordkeeping	$41,157
ALLEGIANCE FINANCIAL GROUP ADVISORY2 years Service code 26 · EIN 86-1933171 187265 RACINE DRIVE · WILMINGTON, NC 28428	Advisory (Participants)	$30,136
CORPORATE PLANS & SERVICES, INC.7 years Service code 49 · EIN 56-0990374 136-B GATEWAY BOULEVARD · MOORESVILLE, NC 28117	Other Services	$16,636

Plan features & details

Pension benefit codes2E2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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

$93K

$361 / participant

Other / not subdivided$93K100.0%

% of EOY assets

0.755%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: THOMAS, JUDY & TUCKER, P.A.
Auditor EIN: 561965804
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,939

$83,023-42.3%

$102,437-53.2%

$77,762-38.4%

Participation rate

82.9%

71.5%+11.3pp

74.5%+8.4pp

70.6%+12.3pp

Annual return

13.13%

19.12%-6.0pp

24.95%-11.8pp

31.27%-18.1pp

Employer contribution / active EE

$2,599

$3,552-26.8%

$3,871-32.8%

$2,728-4.7%

Participant deferral / active EE

$3,389

$4,110-17.5%

$5,060-33.0%

$4,651-27.1%

Admin fee / account holder

$362

$639-43.4%

$8,388-95.7%

$433-16.4%

Provider

Service type

Compensation

NEWPORT GROUP, INC.8 years

Service code 15 · EIN 27-2037969

35 IRON POINT CIRCLE · FOLSOM, CA 956308589

Recordkeeping

$41,157

ALLEGIANCE FINANCIAL GROUP ADVISORY2 years

Service code 26 · EIN 86-1933171

187265 RACINE DRIVE · WILMINGTON, NC 28428

Advisory (Participants)

$30,136

CORPORATE PLANS & SERVICES, INC.7 years

Service code 49 · EIN 56-0990374

136-B GATEWAY BOULEVARD · MOORESVILLE, NC 28117

Other Services

$16,636

SEEGARS FENCE COMPANY, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEEGARS FENCE COMPANY, INC. 401(K) RETIREMENT 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