Retirement plan

SAVINGS PLAN FOR LOCAL 89 EMPLOYEES OF NUGENT SAND

Name: NUGENT SAND COMPANY - SAVINGS PLAN FOR LOCAL 89 EMPLOYEES OF NUGENT SAND (2024) Form 5500
Creator: NUGENT SAND COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAVINGS PLAN FOR LOCAL 89 EMPLOYEES OF NUGENT SAND, NUGENT SAND COMPANY

NUGENT SAND COMPANYEIN 61-1057552Plan #003PY 2024

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

Other plans on this EIN

2 filings

#001Retirement-$6.8M assets #002Retirement-$718K assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.6M

-72.1% from 2023

Total participants

-70.4% from 2023

Average account balance

$66,704

-15.0% from 2023

Annual return

13.64%

-2.57 pp from 2023

Benchmarks

See 1,585 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants<25

Cohort1,585 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.60M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

171.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$156K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6455

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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$155K

$11066 / participant

Other / not subdivided$155K100.0%

% of EOY assets

9.677%

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

$66,704

$210,991-68.4%

$153,741-56.6%

$145,897-54.3%

Participation rate

100.0%

82.1%+17.9pp

77.1%+22.9pp

80.3%+19.7pp

Annual return

13.64%

13.46%+0.2pp

15.71%-2.1pp

552.29%-538.7pp

Employer contribution / active EE

$9,721

$6,057+60.5%

$5,042+92.8%

$4,663+108.5%

Participant deferral / active EE

$1,439

$7,979-82.0%

$6,757-78.7%

$6,689-78.5%

Admin fee / account holder

$6,455

$19,490-66.9%

$12,749-49.4%

$13,390-51.8%

SAVINGS PLAN FOR LOCAL 89 EMPLOYEES OF NUGENT SAND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAVINGS PLAN FOR LOCAL 89 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