Retirement plan

MARK SPAULDING CONSTRUCTION COMPANY 401(K) PROFIT SHARING PLAN

Name: SPAULDING CONSTRUCTION COMPANY - MARK SPAULDING CONSTRUCTION COMPANY 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: SPAULDING CONSTRUCTION COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARK SPAULDING CONSTRUCTION COMPANY 401(K) PROFIT SHARING PLAN, SPAULDING CONSTRUCTION COMPANY

SPAULDING CONSTRUCTION COMPANYEIN 61-1294438Plan #002PY 2021

5785 CONSTITUTION DRIVE - FLORENCE, KY 41042859-746-8403markspaulding.comLinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#001Retirement-$768K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.2M

+39.6% from 2020

Total participants

-11.1% from 2020

Average account balance

$35,460

+27.6% from 2020

Annual return

13.28%

-5.61 pp from 2020

Benchmarks

See 16,659 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,659 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.64M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

111.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$264K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3212

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 codes2E2G2J2R3D

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.
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

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

$19K

$546 / participant

Other / not subdivided$19K100.0%

% of EOY assets

1.541%

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

$35,460

$78,670-54.9%

$109,173-67.5%

$85,847-58.7%

Participation rate

85.7%

68.3%+17.4pp

75.9%+9.8pp

69.3%+16.4pp

Annual return

13.28%

25.09%-11.8pp

25.75%-12.5pp

318.61%-305.3pp

Employer contribution / active EE

$2,496

$2,734-8.7%

$3,723-33.0%

$2,565-2.7%

Participant deferral / active EE

$4,728

$3,467+36.3%

$4,654+1.6%

$3,952+19.6%

Admin fee / account holder

$546

$5,469-90.0%

$6,755-91.9%

$6,261-91.3%

MARK SPAULDING CONSTRUCTION COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARK SPAULDING CONSTRUCTION COMPANY 401(K) PROFIT SHARING 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