Retirement plan

AGC RETIREMENT SAVINGS PLAN

Name: AGC GEORGIA - AGC RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: AGC GEORGIA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AGC RETIREMENT SAVINGS PLAN, AGC GEORGIA

AGC GEORGIAEIN 58-0144470Plan #003PY 2021

1940 THE EXCHANGE, SUITE 100 - ATLANTA, GA 30339678-298-4100agcga.orgLinkedIn11-50 employeesconstruction

Prospect flagsLow returnsHigh feesLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$189.6M

+14.5% from 2020

Total participants

4,926

+5.9% from 2020

Average account balance

$53,760

+10.7% from 2020

Annual return

11.49%

-7.34 pp from 2020

Benchmarks

See 479 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort479 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$226.97M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

4,373

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.

61.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$24.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$250

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
BLUESTAR RETIREMENT SERVICES4 years Filed as: BLUESTAR RETIREMENT SERVICES, INC. Service code 12 · EIN 59-3092339	Recordkeeping and information managem...	$530,239
BENSOURCE EMPLOYEE BENEFITS4 years Service code 26 · EIN 27-1598845	Advisory (Participants)	$383,379
CAMBRIDGE INVESTMENT RESEARCH1 year Filed as: CAMBRIDGE INVESTMENT RESEARCH, INC. Service code 50 · EIN 42-1445429	Direct Payment	$67,655
SMITH & HOWARD, PC3 years Service code 10 · EIN 58-1250486	Accounting	$32,500
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 82-3967259	Securities Custodian	$26,845
ASSOCIATED GENERAL CONTRACTORS1 year Service code 12 · EIN 58-0144470	Claims processing; Direct payment fro...	$17,673
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$244 / participant

Investment mgmt$451K42.6%
Contract admin$575K54.2%
Other / not subdivided$34K3.2%

% of EOY assets

0.559%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SMITH & HOWARD, PC
Auditor EIN: 581250486
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,760

$88,770-39.4%

$109,188-50.8%

$93,010-42.2%

Participation rate

67.8%

81.5%-13.7pp

75.9%-8.1pp

73.9%-6.1pp

Annual return

11.49%

60.64%-49.2pp

25.76%-14.3pp

158.70%-147.2pp

Employer contribution / active EE

$1,184

$3,780-68.7%

$3,723-68.2%

$2,705-56.2%

Participant deferral / active EE

$2,884

$3,630-20.5%

$4,654-38.0%

$4,561-36.8%

Admin fee / account holder

$300

$172+74.4%

$6,755-95.6%

$152+98.1%

Provider

Service type

Compensation

BLUESTAR RETIREMENT SERVICES4 years

Filed as: BLUESTAR RETIREMENT SERVICES, INC.

Service code 12 · EIN 59-3092339

Recordkeeping and information managem...

$530,239

BENSOURCE EMPLOYEE BENEFITS4 years

Service code 26 · EIN 27-1598845

Advisory (Participants)

$383,379

CAMBRIDGE INVESTMENT RESEARCH1 year

Filed as: CAMBRIDGE INVESTMENT RESEARCH, INC.

Service code 50 · EIN 42-1445429

Direct Payment

$67,655

SMITH & HOWARD, PC3 years

Service code 10 · EIN 58-1250486

Accounting

$32,500

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$26,845

ASSOCIATED GENERAL CONTRACTORS1 year

Service code 12 · EIN 58-0144470

Claims processing; Direct payment fro...

$17,673

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19

Securities Custodian

AGC RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AGC RETIREMENT SAVINGS 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