Retirement plan

EMPLOYEE STOCK OWNERSHIP PLAN OF CONTROLLED BLASTING, INC.

Name: CONTROLLED BLASTING, INC. - EMPLOYEE STOCK OWNERSHIP PLAN OF CONTROLLED BLASTING, INC. (2019) Form 5500
Creator: CONTROLLED BLASTING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE STOCK OWNERSHIP PLAN OF CONTROLLED BLASTING, INC., CONTROLLED BLASTING, INC.

CONTROLLED BLASTING, INC.EIN 58-1399808Plan #001PY 2019

1159 FINCH RD - WINDER, GA 306803219678-963-0020controlledblasting.comLinkedIn11-50 employeesmining & metals

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.8M

+1.0% from 2018

Total participants

+4.9% from 2018

Average account balance

$115,324

-20.7% from 2018

Annual return

-1.36%

-4.66 pp from 2018

Benchmarks

See 15,813 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort15,813 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.25M

Not enough data

1 years with asset history on file

Average account balance

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

$363K

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.

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.

68.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$684K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+15.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18387

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 codes2P2Q3I

Plan features

2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

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.

Expense breakdown

Schedule H Part II

Admin total

$17K

$570 / participant

Other / not subdivided$17K100.0%

% of EOY assets

0.353%

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

$115,324

$65,364+76.4%

$92,909+24.1%

$72,975+58.0%

Participation rate

96.7%

68.3%+28.4pp

76.0%+20.7pp

69.5%+27.2pp

Annual return

-1.36%

42.11%-43.5pp

109.44%-110.8pp

81.01%-82.4pp

Employer contribution / active EE

$4,000

$2,594+54.2%

$3,653+9.5%

$2,440+63.9%

Participant deferral / active EE

$3,128-100.0%

$4,238-100.0%

$3,608-100.0%

Admin fee / account holder

$407

$4,251-90.4%

$5,795-93.0%

$5,124-92.1%

EMPLOYEE STOCK OWNERSHIP PLAN OF CONTROLLED BLASTING, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE STOCK OWNERSHIP PLAN OF CONTROLLED BLASTING, INC.

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