Retirement plan

ADAMS CONTRACTING CO., INC. CASH BALANCE DEFINED BENEFIT PLAN

Name: ADAMS CONTRACTING CO., INC. - ADAMS CONTRACTING CO., INC. CASH BALANCE DEFINED BENEFIT PLAN (2024) Form 5500
Creator: ADAMS CONTRACTING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADAMS CONTRACTING CO., INC. CASH BALANCE DEFINED BENEFIT PLAN, ADAMS CONTRACTING CO., INC.

ADAMS CONTRACTING CO., INC.EIN 56-2216138Plan #002PY 2024

P.O. BOX 1157 - ROBBINSVILLE, NC 28771828-735-9176

Other plans on this EIN

1 filing

#001Retirement-$1.6M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$3.8M

+23.5% from 2023

Total participants

+93.3% from 2023

Average account balance

No prior year

Annual return

4.33%

-3.82 pp from 2023

Benchmarks

See 268 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants25-99

Cohort268 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.83M

Not enough data

1 years with asset history on file

Average account balance

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

$132K

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

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$600K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+4.33%

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

0 years with F_SCH_H allocation on file

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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.

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C3D3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$33K

$1133 / participant

Other / not subdivided$33K100.0%

% of EOY assets

0.857%

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

$62,678-100.0%

$201,416-100.0%

$52,198-100.0%

Participation rate

0.0%

25.0%-25.0pp

32.7%-32.7pp

11.0%-11.0pp

Annual return

4.33%

7.29%-3.0pp

8.10%-3.8pp

8.21%-3.9pp

Employer contribution / active EE

$20,690

$9,759+112.0%

$28,649-27.8%

$13,841+49.5%

Participant deferral / active EE

$10-100.0%

$62-100.0%

Admin fee / account holder

$788-100.0%

$60,136-100.0%

$1,652-100.0%

ADAMS CONTRACTING CO., INC. CASH BALANCE DEFINED BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADAMS CONTRACTING CO., INC. CASH BALANCE DEFINED BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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