Retirement plan

TRIANGLE BRICK COMPANY INCENTIVE SAVINGS AND RETIREMENT PLAN

Name: TRIANGLE BRICK COMPANY - TRIANGLE BRICK COMPANY INCENTIVE SAVINGS AND RETIREMENT PLAN (2023) Form 5500
Creator: TRIANGLE BRICK COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRIANGLE BRICK COMPANY INCENTIVE SAVINGS AND RETIREMENT PLAN, TRIANGLE BRICK COMPANY

TRIANGLE BRICK COMPANYEIN 56-0691893Plan #003PY 2023

6523 NC HIGHWAY 55 - DURHAM, NC 277139413919-544-1796trianglebrick.comLinkedIn201-500 employeesbuilding materials

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$20.1M

+12.5% from 2022

Total participants

251

+2.9% from 2022

Average account balance

$89,283

+7.0% from 2022

Annual return

17.32%

+34.68 pp from 2022

Benchmarks

See 1,939 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,939 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.52M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

319

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.

90.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$37

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
NEWPORT GROUP, INC.4 years Filed as: NEWPORT GROUP, INC Service code 13 · EIN 27-2037969	Contract Administrator	$6,015

Plan features & details

Pension benefit codes2E2F2G2J2T3D3F

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$6K

$28 / participant

Recordkeeping$6K93.6%
Contract admin$3856.4%

% of EOY assets

0.030%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,283

$71,534+24.8%

$98,462-9.3%

$71,529+24.8%

Participation rate

88.0%

72.7%+15.3pp

75.2%+12.8pp

67.9%+20.0pp

Annual return

17.32%

32.44%-15.1pp

21.17%-3.9pp

28.97%-11.7pp

Employer contribution / active EE

$2,885

$2,399+20.2%

$3,049-5.4%

$2,590+11.4%

Participant deferral / active EE

$5,199

$4,109+26.5%

$4,738+9.7%

$4,291+21.2%

Admin fee / account holder

$27

$1,677-98.4%

$8,875-99.7%

$1,588-98.3%

Provider

Service type

Compensation

NEWPORT GROUP, INC.4 years

Filed as: NEWPORT GROUP, INC

Service code 13 · EIN 27-2037969

Contract Administrator

$6,015

TRIANGLE BRICK COMPANY INCENTIVE SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRIANGLE BRICK COMPANY INCENTIVE SAVINGS AND 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