Retirement plan

BENEVENTO COMPANIES 401(K) PLAN

Name: BENEVENTO SAND AND STONE CORP. - BENEVENTO COMPANIES 401(K) PLAN (2023) Form 5500
Creator: BENEVENTO SAND AND STONE CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BENEVENTO COMPANIES 401(K) PLAN, BENEVENTO SAND AND STONE CORP.

BENEVENTO SAND AND STONE CORP.EIN 59-3765256Plan #001PY 2023

900 SALEM STREET, PO BOX 454 - WILMINGTON, MA 01887978-658-5300

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.5M

+29.1% from 2022

Total participants

251

-8.7% from 2022

Average account balance

$50,121

+37.7% from 2022

Annual return

18.11%

+32.27 pp from 2022

Benchmarks

See 267 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort267 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.71M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

207

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.

77.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$40

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.4 years Service code 12 · EIN 27-2037969	Claims processing; Recordkeeping and ...	$6,417

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$6K

$32 / participant

Recordkeeping$6K98.4%
Contract admin$1001.6%

% of EOY assets

0.061%

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: MCSOLEY MCCOY & CO
Auditor EIN: 030327374
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,121

$72,137-30.5%

$142,460-64.8%

$71,495-29.9%

Participation rate

79.4%

71.7%+7.7pp

76.8%+2.6pp

67.9%+11.5pp

Annual return

18.11%

21.15%-3.0pp

19.99%-1.9pp

28.85%-10.7pp

Employer contribution / active EE

$2,381

$3,793-37.2%

$4,847-50.9%

$2,589-8.1%

Participant deferral / active EE

$4,031

$5,280-23.7%

$6,283-35.9%

$4,291-6.1%

Admin fee / account holder

$31

$1,433-97.9%

$10,011-99.7%

$1,588-98.1%

Provider

Service type

Compensation

NEWPORT GROUP, INC.4 years

Service code 12 · EIN 27-2037969

Claims processing; Recordkeeping and ...

$6,417

BENEVENTO COMPANIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BENEVENTO COMPANIES 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