Retirement plan

C.W. MATTHEWS CONTRACTING COMPANY, INC. 401(K) PLAN

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

C.W. MATTHEWS CONTRACTING COMPANY, INC.EIN 58-0652729Plan #002PY 2023

1600 KENVIEW DRIVE - MARIETTA, GA 30060770-422-7520cwmatthews.comLinkedIn1001-5000 employeesconstruction

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$71.9M

+25.2% from 2022

Total participants

1,597

+7.9% from 2022

Average account balance

$45,519

+15.5% from 2022

Annual return

17.45%

+32.72 pp from 2022

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$94.31M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

1,900

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.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+21.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$210

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 3 by compensation

Provider	Service type	Compensation
NARWHAL CAPITAL MANAGEMENT LLC4 years Service code 27 · EIN 20-2969572	Advisory (Plan)	$181,786
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$102,512
CAMBRIDGE WEALTH ADVISORS6 years Filed as: CAMBRIDGE WEALTH ADVISORS, LLC Service code 27 75 14TH STREET, NE SUITE 2400 · ALTANTA, GA 30309	Advisory (Plan)	$62,932

Plan features & details

Pension benefit codes2E2G2J2K2S2F2T3H

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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$347K

$253 / participant

Investment mgmt$249K71.7%
Contract admin$98K28.3%

% of EOY assets

0.483%

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: NICHOLS, CAULEY & ASSOCIATES, LLC
Auditor EIN: 582475857
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,519

$88,479-48.6%

$96,515-52.8%

$80,157-43.2%

Participation rate

98.7%

79.9%+18.8pp

74.3%+24.3pp

72.9%+25.8pp

Annual return

17.45%

22.53%-5.1pp

35.73%-18.3pp

40.39%-22.9pp

Employer contribution / active EE

$2,487

$4,177-40.4%

$3,740-33.5%

$2,977-16.5%

Participant deferral / active EE

$4,841

$3,961+22.2%

$4,880-0.8%

$5,015-3.5%

Admin fee / account holder

$220

$211+4.0%

$6,735-96.7%

$145+51.7%

Provider

Service type

Compensation

NARWHAL CAPITAL MANAGEMENT LLC4 years

Service code 27 · EIN 20-2969572

Advisory (Plan)

$181,786

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$102,512

CAMBRIDGE WEALTH ADVISORS6 years

Filed as: CAMBRIDGE WEALTH ADVISORS, LLC

Service code 27

75 14TH STREET, NE SUITE 2400 · ALTANTA, GA 30309

Advisory (Plan)

$62,932

C.W. MATTHEWS CONTRACTING COMPANY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

C.W. MATTHEWS CONTRACTING COMPANY, 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