Retirement plan

T. W. FRIERSON CONTRACTOR, INC. 401(K) PROFIT SHARING PLAN

Name: T. W. FRIERSON CONTRACTOR, INC. - T. W. FRIERSON CONTRACTOR, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: T. W. FRIERSON CONTRACTOR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, T. W. FRIERSON CONTRACTOR, INC. 401(K) PROFIT SHARING PLAN, T. W. FRIERSON CONTRACTOR, INC.

T. W. FRIERSON CONTRACTOR, INC.EIN 62-0602130Plan #001PY 2017

2971 KRAFT DRIVE - NASHVILLE, TN 37204615-367-1333twfrierson.comLinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#003Retirement-$7.2M assets

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed July 10, 1998

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$17.5M

+8.2% from 2016

Total participants

189

+10.5% from 2016

Average account balance

$95,596

+1.1% from 2016

Annual return

18.22%

+11.44 pp from 2016

Benchmarks

See 2,582 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,582 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$28.16M

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

245

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.

94.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.91M

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

+15.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$243

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

1 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
TAYLOR SECURITIES3+ years Filed as: TAYLOR SECURITIES INC. Service code 27 · EIN 62-1254593 100 WINNERS CIRCLE · BRENWTOOD, TN 37027	Advisory (Plan)	$40,660
TAYLOR WEBSTER3+ years Service code 14 · EIN 62-1281073 100 WINNERS CIRCLE · BRENTWOOD, TN 37027	Plan Administrator	$14,280
ASPIRE FINANCIAL SERVICES1 year Filed as: ASPIRE FINANCIAL SERVICES, LLC Service code 19 · EIN 81-0557695 4010 BOY SCOUT BOULEVARD · TAMPA, TN 33607	Securities Custodian	$12,335
TD AMERITRADE, INC.3+ years Filed as: TD AMERITRADE TRUST COMPANY Service code 19 · EIN 20-0937408 P.O. BOX 17748 · DENVER, CO 802179733	Securities Custodian	$5,749

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$60K

$414 / participant

Contract admin$4K7.2%
Other / not subdivided$55K92.8%

% of EOY assets

0.341%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$95,596

$58,726+62.8%

$92,233+3.6%

$62,292+53.5%

Participation rate

95.8%

68.3%+27.5pp

76.5%+19.4pp

69.5%+26.3pp

Annual return

18.22%

43.62%-25.4pp

176.28%-158.1pp

28.90%-10.7pp

Employer contribution / active EE

$1,756

$2,392-26.6%

$3,679-52.3%

$2,042-14.0%

Participant deferral / active EE

$4,995

$2,766+80.6%

$3,897+28.2%

$3,169+57.6%

Admin fee / account holder

$326

$556-41.5%

$5,194-93.7%

$479-32.1%

Provider

Service type

Compensation

TAYLOR SECURITIES3+ years

Filed as: TAYLOR SECURITIES INC.

Service code 27 · EIN 62-1254593

100 WINNERS CIRCLE · BRENWTOOD, TN 37027

Advisory (Plan)

$40,660

TAYLOR WEBSTER3+ years

Service code 14 · EIN 62-1281073

100 WINNERS CIRCLE · BRENTWOOD, TN 37027

Plan Administrator

$14,280

ASPIRE FINANCIAL SERVICES1 year

Filed as: ASPIRE FINANCIAL SERVICES, LLC

Service code 19 · EIN 81-0557695

4010 BOY SCOUT BOULEVARD · TAMPA, TN 33607

Securities Custodian

$12,335

TD AMERITRADE, INC.3+ years

Filed as: TD AMERITRADE TRUST COMPANY

Service code 19 · EIN 20-0937408

P.O. BOX 17748 · DENVER, CO 802179733

Securities Custodian

$5,749

T. W. FRIERSON CONTRACTOR, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

T. W. FRIERSON CONTRACTOR, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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