Retirement plan

SHENANDOAH 401(K) PLAN

Name: SHENANDOAH GENERAL CONSTRUCTION CO. - SHENANDOAH 401(K) PLAN (2022) Form 5500
Creator: SHENANDOAH GENERAL CONSTRUCTION CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHENANDOAH 401(K) PLAN, SHENANDOAH GENERAL CONSTRUCTION CO.

SHENANDOAH GENERAL CONSTRUCTION CO.EIN 59-1707673Plan #001PY 2022

1888 NW 22 STREET - POMPANO BEACH, FL 33069954-975-0098shenandoahus.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$5.6M

-11.7% from 2021

Total participants

134

-1.5% from 2021

Average account balance

$64,623

-17.8% from 2021

Annual return

-14.26%

-28.02 pp from 2021

Benchmarks

See 2,998 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,998 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.02M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

57.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$566K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$30168

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE1 year Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 45215	Recordkeeping	$48,518
THE AIMPOINT GROUP1 year Filed as: THE AIMPOINT GROUP, LLC Service code 64 · EIN 46-1931817 PO BOX 220156 · HOLLYWOOD, FL 330220156	Recordkeeping Fees	$3,050
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS Service code 26 · EIN 34-1542819 1 N JEFFERSON AVE · SAINT LOUIS, MO 631031207	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2J2K2G3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$52K

$445 / participant

Investment mgmt$48K93.5%
Contract admin$3K6.5%

% of EOY assets

0.917%

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: FORVIS
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,623

$64,176+0.7%

$112,249-42.4%

$66,938-3.5%

Participation rate

59.5%

68.4%-9.0pp

75.1%-15.6pp

69.8%-10.3pp

Annual return

-14.26%

-13.80%-0.5pp

27.48%-41.7pp

1.58%-15.8pp

Employer contribution / active EE

$2,358

$3,007-21.6%

$3,636-35.1%

$2,545-7.3%

Participant deferral / active EE

$3,973

$3,694+7.6%

$4,729-16.0%

$4,238-6.3%

Admin fee / account holder

$593

$626-5.3%

$6,412-90.8%

$594-0.1%

Provider

Service type

Compensation

NATIONWIDE1 year

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 45215

Recordkeeping

$48,518

THE AIMPOINT GROUP1 year

Filed as: THE AIMPOINT GROUP, LLC

Service code 64 · EIN 46-1931817

PO BOX 220156 · HOLLYWOOD, FL 330220156

Recordkeeping Fees

$3,050

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS

Service code 26 · EIN 34-1542819

1 N JEFFERSON AVE · SAINT LOUIS, MO 631031207

Advisory (Participants)

SHENANDOAH 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHENANDOAH 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