Retirement plan

SOX & SONS CONSTRUCTION CO., INC. 401(K) PLAN

Name: SOX & SONS CONSTRUCTION CO., INC. - SOX & SONS CONSTRUCTION CO., INC. 401(K) PLAN (2022) Form 5500
Creator: SOX & SONS CONSTRUCTION CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOX & SONS CONSTRUCTION CO., INC. 401(K) PLAN, SOX & SONS CONSTRUCTION CO., INC.

SOX & SONS CONSTRUCTION CO., INC.EIN 57-0746832Plan #002PY 2022

PO BOX 3875 - WEST COLUMBIA, SC 29071803-600-6138

Other plans on this EIN

1 filing

#001Retirement-$582K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$582K

-2.8% from 2021

Total participants

-8.0% from 2021

Average account balance

$34,245

+8.6% from 2021

Annual return

-16.52%

-16.52 pp from 2021

Benchmarks

See 48,287 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort48,287 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-1.93%

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

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 codes2E2J2F2G3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$19K

$835 / participant

Other / not subdivided$19K100.0%

% of EOY assets

3.299%

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

$34,245

$134,001-74.4%

$112,258-69.5%

$134,509-74.5%

Participation rate

73.9%

78.6%-4.6pp

75.1%-1.1pp

81.2%-7.3pp

Annual return

-16.52%

47.15%-63.7pp

27.47%-44.0pp

418.13%-434.7pp

Employer contribution / active EE

$1,834

$4,039-54.6%

$3,636-49.6%

$4,741-61.3%

Participant deferral / active EE

$2,282

$5,291-56.9%

$4,728-51.7%

$6,400-64.3%

Admin fee / account holder

$1,130

$7,491-84.9%

$6,411-82.4%

$11,427-90.1%

SOX & SONS CONSTRUCTION CO., INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOX & SONS CONSTRUCTION CO., INC. 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