Retirement plan

SOUTHCON 401(K) PROFIT SHARING PLAN

Name: SOUTHERN CONSOLIDATED ELECTRICAL SALES - SOUTHCON 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: SOUTHERN CONSOLIDATED ELECTRICAL SALES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHCON 401(K) PROFIT SHARING PLAN, SOUTHERN CONSOLIDATED ELECTRICAL SALES

SOUTHERN CONSOLIDATED ELECTRICAL SALESEIN 63-1105084Plan #001PY 2018

POST OFFICE BOX 321186 - BIRMINGHAM, AL 352321186205-324-8656

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.3M

-3.9% from 2017

Total participants

+5.6% from 2017

Average account balance

$180,575

-3.9% from 2017

Annual return

-7.34%

-22.26 pp from 2017

Benchmarks

See 22,375 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,375 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.42M

Not enough data

1 years with asset history on file

Average account balance

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

$309K

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.

126.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$462K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+14.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2181

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 codes2E2H2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$154K

$8095 / participant

Other / not subdivided$154K100.0%

% of EOY assets

4.732%

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

$180,575

$135,639+33.1%

$110,241+63.8%

$135,382+33.4%

Participation rate

94.7%

83.5%+11.3pp

79.8%+14.9pp

82.6%+12.1pp

Annual return

-7.34%

513.21%-520.6pp

314.75%-322.1pp

519.77%-527.1pp

Employer contribution / active EE

$7,895

$4,907+60.9%

$3,827+106.3%

$4,779+65.2%

Participant deferral / active EE

$5,321

$5,507-3.4%

$4,672+13.9%

$5,609-5.1%

Admin fee / account holder

$8,544

$11,457-25.4%

$8,5480%

$10,829-21.1%

SOUTHCON 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHCON 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