Retirement plan

E. R. SNELL CONTRACTOR, INC. PROFIT SHARING PLAN

Name: E. R. SNELL CONTRACTOR, INC. - E. R. SNELL CONTRACTOR, INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: E. R. SNELL CONTRACTOR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, E. R. SNELL CONTRACTOR, INC. PROFIT SHARING PLAN, E. R. SNELL CONTRACTOR, INC.

E. R. SNELL CONTRACTOR, INC.EIN 58-0807745Plan #001PY 2024

1785 OAK RD - SNELLVILLE, GA 30078770-985-0600ersnell.comLinkedIn501-1000 employeesconstruction

Prospect flagsLow participationLow employer contributionFailed to transmit contributions

Top hat statement on fileNQDC

Filed February 8, 2018

Plan administrator

Plan administrator name— Sign in and upgrade to view

1785 OAK RD

SNELLVILLE State: GA Zip Code: 30078

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Plans declared (1)

E R SNELL CONTRACTOR LONG-TERM INCENTIVE PLAN40 emp

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Total assets (EOY)

$56.6M

+12.9% from 2023

Total participants

1,352

+17.8% from 2023

Average account balance

$71,940

+8.4% from 2023

Annual return

15.11%

-2.42 pp from 2023

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$56.62M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

787

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.

50.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$160

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 2 by compensation

Provider	Service type	Compensation
SUGARLOAF WEALTH MANAGEMENT, LLC3 years Filed as: SUGARLOAF WEALTH MANAGEMENT LLC Service code 27 · EIN 20-0232439	Advisory (Plan)	$69,625
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	$54,422

Plan features & details

Pension benefit codes2E2F2G2J2K2A2T3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant 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).

Expense breakdown

Schedule H Part II

Admin total

$126K

$111 / participant

Recordkeeping$54K42.8%
Investment mgmt$72K57.0%
Contract admin$3000.2%

% of EOY assets

0.223%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ELLIOTT DAVIS, LLC
Auditor EIN: 570381582
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,940

$241,850-70.3%

$102,437-29.8%

$200,096-64.0%

Participation rate

50.4%

78.3%-28.0pp

74.5%-24.2pp

72.0%-21.7pp

Annual return

15.11%

17.67%-2.6pp

24.95%-9.8pp

34.26%-19.2pp

Employer contribution / active EE

$946

$4,253-77.8%

$3,871-75.6%

$3,038-68.9%

Participant deferral / active EE

$2,262

$3,961-42.9%

$5,060-55.3%

$5,090-55.6%

Admin fee / account holder

$160

$288-44.4%

$8,388-98.1%

$269-40.5%

Provider

Service type

Compensation

SUGARLOAF WEALTH MANAGEMENT, LLC3 years

Filed as: SUGARLOAF WEALTH MANAGEMENT LLC

Service code 27 · EIN 20-0232439

Advisory (Plan)

$69,625

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

$54,422

E. R. SNELL CONTRACTOR, INC. PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

E. R. SNELL CONTRACTOR, INC. PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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