Retirement plan

WEST GEORGIA ELECTRIC 401(K) PROFIT SHARING PLAN AND TRUST

Name: JONES & LANIER ELECTRIC, INC. - WEST GEORGIA ELECTRIC 401(K) PROFIT SHARING PLAN AND TRUST (2018) Form 5500
Creator: JONES & LANIER ELECTRIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEST GEORGIA ELECTRIC 401(K) PROFIT SHARING PLAN AND TRUST, JONES & LANIER ELECTRIC, INC.

JONES & LANIER ELECTRIC, INC.dba DBA WEST GEORGIA ELECTRICEIN 58-1460770Plan #002PY 2018

108 PARKWOOD CIR - CAROLLTON, GA 301178353770-832-2902

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$12.8M

-0.5% from 2017

Total participants

126

+11.5% from 2017

Average account balance

$106,121

-14.5% from 2017

Annual return

-5.67%

-20.58 pp from 2017

Benchmarks

See 2,759 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,759 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.14M

Not enough data

1 years with asset history on file

Average account balance

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

$209K

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.

106

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.

84.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+17.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$46448

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

Top 2 by compensation

Provider	Service type	Compensation
WESTMINSTER CONSULTING, LLC4+ years Filed as: WESTMINSTER FINANCIAL SEC INC Service code 55 40 N MAIN ST STE 2400 · DAYTON, OH 45423	Other Commissions	$26,130
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$4,627

Plan features & details

Pension benefit codes2F2G2J2K2R3D2E

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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2K

$20 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.017%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CAMP PILGRIM & ASSOCIATE
Auditor EIN: 582478383
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,121

$55,449+91.4%

$83,831+26.6%

$56,289+88.5%

Participation rate

95.5%

68.0%+27.5pp

76.1%+19.4pp

69.9%+25.6pp

Annual return

-5.67%

-1.38%-4.3pp

850.99%-856.7pp

-9.96%+4.3pp

Employer contribution / active EE

$5,856

$2,430+141.0%

$3,631+61.3%

$2,111+177.4%

Participant deferral / active EE

$2,400

$2,935-18.3%

$4,082-41.2%

$3,350-28.4%

Admin fee / account holder

$18

$656-97.3%

$5,479-99.7%

$521-96.5%

Provider

Service type

Compensation

WESTMINSTER CONSULTING, LLC4+ years

Filed as: WESTMINSTER FINANCIAL SEC INC

Service code 55

40 N MAIN ST STE 2400 · DAYTON, OH 45423

Other Commissions

$26,130

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$4,627

WEST GEORGIA ELECTRIC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEST GEORGIA ELECTRIC 401(K) PROFIT SHARING PLAN AND TRUST

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