Retirement plan

STATE UTILITY CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: STATE UTILITY CONTRACTORS, INC. - STATE UTILITY CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2019) Form 5500
Creator: STATE UTILITY CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STATE UTILITY CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN, STATE UTILITY CONTRACTORS, INC.

STATE UTILITY CONTRACTORS, INC.EIN 56-1444827Plan #002PY 2019

P. O. BOX 5019 - MONROE, NC 281115019704-289-6400sucontractors.comLinkedIn51-200 employeesutilities

Other plans on this EIN

1 filing

#001Retirement-$12.1M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$39.7M

+32.6% from 2018

Total participants

222

-5.1% from 2018

Average account balance

$178,727

+38.6% from 2018

Annual return

35.73%

-0.16 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$123.50M

Not enough data

1 years with asset history on file

Average account balance

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

$542K

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.

228

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+43.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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 codes2O2P2Q

Plan features

2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.

Opportunity flags

0 tripped

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

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: POTTER & COMPANY, PA
Auditor EIN: 561220683
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$178,727

$63,114+183.2%

$92,915+92.4%

$65,186+174.2%

Participation rate

100.0%

68.8%+31.2pp

76.0%+24.0pp

70.2%+29.8pp

Annual return

35.73%

28.75%+7.0pp

109.45%-73.7pp

29.39%+6.3pp

Employer contribution / active EE

$9,027

$2,571+251.2%

$3,653+147.1%

$2,177+314.7%

Participant deferral / active EE

$3,108-100.0%

$4,238-100.0%

$3,514-100.0%

Admin fee / account holder

$624-100.0%

$5,796-100.0%

$847-100.0%

STATE UTILITY CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

STATE UTILITY CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion