Retirement plan

W.B. MOORE COMPANY OF CHARLOTTE 401(K) PLAN

Name: W.B. MOORE COMPANY OF CHARLOTTE, INC. - W.B. MOORE COMPANY OF CHARLOTTE 401(K) PLAN (2023) Form 5500
Creator: W.B. MOORE COMPANY OF CHARLOTTE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, W.B. MOORE COMPANY OF CHARLOTTE 401(K) PLAN, W.B. MOORE COMPANY OF CHARLOTTE, INC.

W.B. MOORE COMPANY OF CHARLOTTE, INC.EIN 56-1818115Plan #001PY 2023

916 NORTH POPLAR STREET - CHARLOTTE, NC 28206704-331-9300

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$7.8M

+13.8% from 2022

Total participants

179

-10.1% from 2022

Average account balance

$44,024

+26.5% from 2022

Annual return

16.26%

+35.07 pp from 2022

Benchmarks

See 3,254 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,254 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.76M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

149

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$688K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$75

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 6 by compensation

Provider	Service type	Compensation
LINSCO/PRIVATE LEDGER CORP8 years Service code 55 9785 TOWNE CENTRE DR. · SAN DIEGO, CA 92121	Other Commissions	$11,775
LPL FINANCIAL1 year Service code 27 PO BOX 502533 · SAN DIEGO, CA 92150	Advisory (Plan)	$8,333
TRINITY PENSION GROUP, LLC2 years Service code 13 PO BOX 2159 · JAMESTOWN, NC 27282	Contract Administrator	$7,994
TRINITY PENSION GROUP, LLC9+ years Filed as: TRINITY PENSION GROUP Service code 13	Contract Administrator	$7,278
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,335
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$12K

$115 / participant

Contract admin$12K100.0%

% of EOY assets

0.151%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GREERWALKER CPAS & ADVISORS
Auditor EIN: 561434747
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,024

$76,669-42.6%

$96,520-54.4%

$71,495-38.4%

Participation rate

99.0%

66.6%+32.5pp

74.3%+24.7pp

67.9%+31.1pp

Annual return

16.26%

48.29%-32.0pp

35.72%-19.5pp

28.85%-12.6pp

Employer contribution / active EE

$2,611

$3,031-13.9%

$3,739-30.2%

$2,589+0.8%

Participant deferral / active EE

$4,578

$3,771+21.4%

$4,879-6.2%

$4,291+6.7%

Admin fee / account holder

$67

$2,028-96.7%

$6,733-99.0%

$1,588-95.8%

Provider

Service type

Compensation

LINSCO/PRIVATE LEDGER CORP8 years

Service code 55

9785 TOWNE CENTRE DR. · SAN DIEGO, CA 92121

Other Commissions

$11,775

LPL FINANCIAL1 year

Service code 27

PO BOX 502533 · SAN DIEGO, CA 92150

Advisory (Plan)

$8,333

TRINITY PENSION GROUP, LLC2 years

Service code 13

PO BOX 2159 · JAMESTOWN, NC 27282

Contract Administrator

$7,994

TRINITY PENSION GROUP, LLC9+ years

Filed as: TRINITY PENSION GROUP

Service code 13

Contract Administrator

$7,278

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,335

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

W.B. MOORE COMPANY OF CHARLOTTE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

W.B. MOORE COMPANY OF CHARLOTTE 401(K) 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