Retirement plan

SANDERS UTILITY CONSTRUCTION CO. , INC. PROFIT SHARING PLAN

Name: SANDERS UTILITY CONSTRUCTION CO., INC. - SANDERS UTILITY CONSTRUCTION CO. , INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: SANDERS UTILITY CONSTRUCTION CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SANDERS UTILITY CONSTRUCTION CO. , INC. PROFIT SHARING PLAN, SANDERS UTILITY CONSTRUCTION CO., INC.

SANDERS UTILITY CONSTRUCTION CO., INC.EIN 56-2022526Plan #001PY 2024

6801 BROOKSHIRE BLVD. - CHARLOTTE, NC 282162431704-399-5600sandersutility.comLinkedIn51-200 employeesconstruction

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7.1M

+12.4% from 2023

Total participants

+17.5% from 2023

Average account balance

$106,115

-4.4% from 2023

Annual return

9.37%

-4.14 pp from 2023

Benchmarks

See 18,562 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,562 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.11M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

119.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$302K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+9.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1661

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 codes3D2E2G2F2T

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.
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

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

$111K

$1987 / participant

Other / not subdivided$111K100.0%

% of EOY assets

1.565%

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

$106,115

$81,457+30.3%

$103,378+2.6%

$80,911+31.2%

Participation rate

100.0%

66.8%+33.2pp

74.5%+25.5pp

67.6%+32.4pp

Annual return

9.37%

25.58%-16.2pp

24.91%-15.5pp

35.63%-26.3pp

Employer contribution / active EE

$5,401

$3,107+73.8%

$3,870+39.5%

$2,756+96.0%

Participant deferral / active EE

$3,871-100.0%

$5,058-100.0%

$4,297-100.0%

Admin fee / account holder

$1,661

$6,717-75.3%

$8,401-80.2%

$6,935-76.1%

SANDERS UTILITY CONSTRUCTION CO. , INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SANDERS UTILITY CONSTRUCTION CO. , INC. 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