Retirement plan

JIM SMITH CONTRACTING COMPANY LLC

Name: JIM SMITH CONTRACTING COMPANY LLC - JIM SMITH CONTRACTING COMPANY LLC (2021) Form 5500
Creator: JIM SMITH CONTRACTING COMPANY LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JIM SMITH CONTRACTING COMPANY LLC, JIM SMITH CONTRACTING COMPANY LLC

JIM SMITH CONTRACTING COMPANY LLCEIN 61-1380786Plan #001PY 2021

1108 DOVER RD - GRAND RIVERS, KY 420459117270-362-4675LinkedIn51-200 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.6M

+8.6% from 2020

Total participants

+7.6% from 2020

Average account balance

$139,652

+7.1% from 2020

Annual return

14.37%

-2.21 pp from 2020

Benchmarks

See 16,661 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,661 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.75M

Not enough data

1 years with asset history on file

Average account balance

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

$189K

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.

65.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$844K

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

+15.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10705

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 codes2E2F2J3D

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).
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

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

$1.3M

$13274 / participant

Other / not subdivided$1M100.0%

% of EOY assets

11.881%

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

$139,652

$78,672+77.5%

$109,163+27.9%

$85,856+62.7%

Participation rate

75.8%

68.3%+7.5pp

75.9%-0.1pp

69.3%+6.5pp

Annual return

14.37%

25.09%-10.7pp

25.75%-11.4pp

318.58%-304.2pp

Employer contribution / active EE

$2,465

$2,734-9.8%

$3,723-33.8%

$2,565-3.9%

Participant deferral / active EE

$4,848

$3,467+39.8%

$4,654+4.2%

$3,952+22.7%

Admin fee / account holder

$16,593

$5,470+203.4%

$6,754+145.7%

$6,261+165.0%

JIM SMITH CONTRACTING COMPANY LLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JIM SMITH CONTRACTING COMPANY LLC

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