Retirement plan

WARREN PAVING, INC. 401(K) PROFIT SHARING PLAN

Name: WARREN PAVING, INC. - WARREN PAVING, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: WARREN PAVING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WARREN PAVING, INC. 401(K) PROFIT SHARING PLAN, WARREN PAVING, INC.

WARREN PAVING, INC.EIN 64-0510267Plan #001PY 2024

562 ELKS LAKE RD - HATTIESBURG, MS 39401601-544-7811warrenpaving.comLinkedIn201-500 employeesconstruction

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$11.5M

+30.1% from 2023

Total participants

316

+14.1% from 2023

Average account balance

$57,035

+17.2% from 2023

Annual return

26.83%

+13.91 pp from 2023

Benchmarks

See 1,563 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,563 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.52M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

202

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.

61.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.24M

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

+26.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$287

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 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 60 · EIN 04-2647786	Sub-TA Fees	$32,091
HANCOCK WHITNEY BANK5 years Service code 27 · EIN 64-0169065	Advisory (Plan)	$24,378

Plan features & details

Pension benefit codes2T2G2J2F2E3D

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$58K

$195 / participant

Recordkeeping$32K55.3%
Investment mgmt$26K44.7%

% of EOY assets

0.504%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TMH, PLLC
Auditor EIN: 205857627
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,035

$82,979-31.3%

$102,412-44.3%

$77,736-26.6%

Participation rate

61.7%

71.5%-9.8pp

74.5%-12.8pp

70.6%-8.8pp

Annual return

26.83%

19.11%+7.7pp

24.94%+1.9pp

31.26%-4.4pp

Employer contribution / active EE

$1,287

$3,554-63.8%

$3,870-66.7%

$2,728-52.8%

Participant deferral / active EE

$2,876

$4,109-30.0%

$5,060-43.2%

$4,651-38.2%

Admin fee / account holder

$287

$639-55.0%

$8,388-96.6%

$433-33.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$32,091

HANCOCK WHITNEY BANK5 years

Service code 27 · EIN 64-0169065

Advisory (Plan)

$24,378

WARREN PAVING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WARREN PAVING, INC. 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