Retirement plan

NEO CONSTRUCTION PARTNERS 401(K) PROFIT SHARING PLAN & TRUST

Name: NEO CONSTRUCTION PARTNERS - NEO CONSTRUCTION PARTNERS 401(K) PROFIT SHARING PLAN & TRUST (2022) Form 5500
Creator: NEO CONSTRUCTION PARTNERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEO CONSTRUCTION PARTNERS 401(K) PROFIT SHARING PLAN & TRUST, NEO CONSTRUCTION PARTNERS

NEO CONSTRUCTION PARTNERSEIN 61-1905993Plan #001PY 2022

4205 N 7TH AVE STE 301 - PHOENIX, AZ 85013602-277-9060LinkedIn11-50 employeesconstruction

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$79K

+29.8% from 2021

Total participants

-12.5% from 2021

Average account balance

$6,041

+9.9% from 2021

Annual return

-20.59%

-43.40 pp from 2021

Benchmarks

See 39,322 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,322 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$419K

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$139K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+16.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2329

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 codes2E2F2G2J2T3D

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.

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

$11K

$901 / participant

Other / not subdivided$11K100.0%

% of EOY assets

13.761%

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

$6,041

$92,684-93.5%

$82,706-92.7%

$134,509-95.5%

Participation rate

91.7%

75.2%+16.5pp

72.6%+19.1pp

81.2%+10.4pp

Annual return

-20.59%

945.84%-966.4pp

701.76%-722.4pp

418.13%-438.7pp

Employer contribution / active EE

$2,017

$3,272-38.3%

$3,007-32.9%

$4,741-57.4%

Participant deferral / active EE

$1,270

$4,800-73.5%

$4,394-71.1%

$6,400-80.2%

Admin fee / account holder

$831

$5,982-86.1%

$5,329-84.4%

$11,427-92.7%

NEO CONSTRUCTION PARTNERS 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEO CONSTRUCTION PARTNERS 401(K) PROFIT SHARING PLAN & TRUST

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