Retirement plan

SAVINGS PLAN FOR LOCAL 600 EMPLOYEES OF NUGENT SAND

Name: NUGENT SAND COMPANY - SAVINGS PLAN FOR LOCAL 600 EMPLOYEES OF NUGENT SAND (2023) Form 5500
Creator: NUGENT SAND COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAVINGS PLAN FOR LOCAL 600 EMPLOYEES OF NUGENT SAND, NUGENT SAND COMPANY

NUGENT SAND COMPANYEIN 61-1057552Plan #002PY 2023

1833 RIVER RD, P.O. BOX 6072 - LOUISVILLE, KY 40206502-584-0158nugentsand.comLinkedIn51-200 employeesmining & metals

Other plans on this EIN

2 filings

#001Retirement-$5.7M assets #003Retirement-$5.7M assets

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$643K

+31.7% from 2022

Total participants

+11.3% from 2022

Average account balance

$9,322

+18.3% from 2022

Annual return

19.18%

+38.69 pp from 2022

Benchmarks

See 824 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants25-99

Cohort824 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$718K

Not enough data

1 years with asset history on file

Average account balance

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

$10K

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$104K

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

+12.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1551

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 codes2E2F2G2J3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$39K

$1172 / participant

Other / not subdivided$39K100.0%

% of EOY assets

6.012%

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

$9,322

$86,891-89.3%

$142,516-93.5%

$75,173-87.6%

Participation rate

100.0%

68.5%+31.5pp

76.8%+23.2pp

67.2%+32.8pp

Annual return

19.18%

23.31%-4.1pp

19.99%-0.8pp

160.72%-141.5pp

Employer contribution / active EE

$1,012

$3,355-69.9%

$4,849-79.1%

$2,671-62.1%

Participant deferral / active EE

$1,877

$4,938-62.0%

$6,280-70.1%

$4,126-54.5%

Admin fee / account holder

$560

$7,299-92.3%

$10,008-94.4%

$5,651-90.1%

SAVINGS PLAN FOR LOCAL 600 EMPLOYEES OF NUGENT SAND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAVINGS PLAN FOR LOCAL 600 EMPLOYEES OF NUGENT SAND

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