Retirement plan

CONTRACTORS RETIREMENT PLAN

Name: GEORGIA UTILITY CONTRACTORS ASSOCIATION, INC. - CONTRACTORS RETIREMENT PLAN (2024) Form 5500
Creator: GEORGIA UTILITY CONTRACTORS ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONTRACTORS RETIREMENT PLAN, GEORGIA UTILITY CONTRACTORS ASSOCIATION, INC.

GEORGIA UTILITY CONTRACTORS ASSOCIATION, INC.EIN 58-1105177Plan #001PY 2024

804 MAIN STREET, SUITE C - FOREST PARK, GA 30297404-362-9995guca.comLinkedIn1-10 employeesconstruction

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$35.8M

+57.5% from 2023

Total participants

1,500

+53.5% from 2023

Average account balance

$29,176

+25.2% from 2023

Annual return

44.54%

+24.86 pp from 2023

Benchmarks

See 290 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort290 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$35.83M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

1,228

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.

80.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.56M

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

+44.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$234

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
AMERITAS LIFE INSURANCE CORP2 years Service code 12 · EIN 47-0098400	Consulting (pension); Contract Admini...	$154,006
BENSOURCE EMPLOYEE BENEFITS9 years Service code 26 · EIN 27-1598845	Advisory (Participants)	$86,568
JJM CPA1 year Service code 10 · EIN 47-2940358	Accounting	$13,200
CAMBRIDGE INVESTMENT RESEARCH4 years Filed as: CAMBRIDGE INVESTMENT RESEARCH, INC. Service code 50 · EIN 42-1445429	Direct Payment	$11,805
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 82-3967259	Securities Custodian	$11,326
SMITH & HOWARD, PC1 year Filed as: SMITH & HOWARD Service code 10 · EIN 58-1250486	Accounting	$10,380
CHARLES SCHWAB & CO., INC.2 years Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T2U3D3H

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.
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.
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

2 tripped

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

$287K

$205 / participant

Trustee / custodial$11K3.9%
Investment mgmt$98K34.2%
Contract admin$154K53.6%
Other / not subdivided$24K8.2%

% of EOY assets

0.802%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: SMITH & HOWARD, PC
Auditor EIN: 581250486
Audit fees: $23,580
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,176

$55,331-47.3%

$81,812-64.3%

$199,593-85.4%

Participation rate

80.6%

62.5%+18.1pp

72.3%+8.2pp

72.0%+8.6pp

Annual return

44.54%

19.59%+24.9pp

773.79%-729.2pp

34.25%+10.3pp

Employer contribution / active EE

$1,231

$2,101-41.4%

$2,912-57.7%

$3,034-59.4%

Participant deferral / active EE

$2,023

$3,283-38.4%

$4,319-53.2%

$5,087-60.2%

Admin fee / account holder

$234

$346-32.3%

$7,386-96.8%

$269-13.0%

Provider

Service type

Compensation

AMERITAS LIFE INSURANCE CORP2 years

Service code 12 · EIN 47-0098400

Consulting (pension); Contract Admini...

$154,006

BENSOURCE EMPLOYEE BENEFITS9 years

Service code 26 · EIN 27-1598845

Advisory (Participants)

$86,568

JJM CPA1 year

Service code 10 · EIN 47-2940358

Accounting

$13,200

CAMBRIDGE INVESTMENT RESEARCH4 years

Filed as: CAMBRIDGE INVESTMENT RESEARCH, INC.

Service code 50 · EIN 42-1445429

Direct Payment

$11,805

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$11,326

SMITH & HOWARD, PC1 year

Filed as: SMITH & HOWARD

Service code 10 · EIN 58-1250486

Accounting

$10,380

CHARLES SCHWAB & CO., INC.2 years

Service code 19

Securities Custodian

CONTRACTORS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONTRACTORS RETIREMENT 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