Retirement plan

JARRETT BUILDERS, INC 401(K) PLAN

Name: JARRETT BUILDERS, INC - JARRETT BUILDERS, INC 401(K) PLAN (2023) Form 5500
Creator: JARRETT BUILDERS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JARRETT BUILDERS, INC 401(K) PLAN, JARRETT BUILDERS, INC

JARRETT BUILDERS, INCEIN 62-1689424Plan #001PY 2023

1106 LEBANON PIKE - NASHVILLE, TN 37210615-515-1270jarrettcompaniesinc.comLinkedIn51-200 employeesconstruction

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$1.6M

+176.4% from 2022

Total participants

311

+29.6% from 2022

Average account balance

$5,378

+120.0% from 2022

Annual return

38.58%

+38.58 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.57M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

123

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.

43.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$976K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$384

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 15 · EIN 13-3689044	Recordkeeping	$18,209
ASCENSUS LLC2+ years Filed as: FUTUREPLAN FIDUCIARY SERVICES Service code 15 · EIN 82-3719843	Recordkeeping	$13,045
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO ADVISORS LLC Service code 27 · EIN 34-1542819	Advisory (Plan)	$4,954
RPA FINANCIAL, LLC2+ years Service code 27 · EIN 83-1143379	Advisory (Plan)	$495
RELIANCE TRUST COMPANY1 year Service code 19 · EIN 58-1428634	Securities Custodian	$50

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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

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

$37K

$146 / participant

Contract admin$37K100.0%

% of EOY assets

2.367%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KENDRA MELNYK, CPA
Auditor EIN: 408298989
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,378

$93,010-94.2%

$96,515-94.4%

$74,460-92.8%

Participation rate

91.3%

71.6%+19.7pp

74.3%+16.9pp

70.7%+20.5pp

Annual return

38.58%

37.50%+1.1pp

35.73%+2.8pp

34.38%+4.2pp

Employer contribution / active EE

$1,415

$3,427-58.7%

$3,740-62.2%

$2,638-46.4%

Participant deferral / active EE

$2,311

$3,971-41.8%

$4,880-52.6%

$4,530-49.0%

Admin fee / account holder

$127

$633-79.9%

$6,735-98.1%

$348-63.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 15 · EIN 13-3689044

Recordkeeping

$18,209

ASCENSUS LLC2+ years

Filed as: FUTUREPLAN FIDUCIARY SERVICES

Service code 15 · EIN 82-3719843

Recordkeeping

$13,045

WELLS FARGO BANK, N.A.2+ years

Filed as: WELLS FARGO ADVISORS LLC

Service code 27 · EIN 34-1542819

Advisory (Plan)

$4,954

RPA FINANCIAL, LLC2+ years

Service code 27 · EIN 83-1143379

Advisory (Plan)

$495

RELIANCE TRUST COMPANY1 year

Service code 19 · EIN 58-1428634

Securities Custodian

$50

JARRETT BUILDERS, INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JARRETT BUILDERS, INC 401(K) 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