Retirement plan

THE YATES COMPANIES, INC. 401(K) PLAN

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

THE YATES COMPANIES, INC.EIN 64-0893270Plan #001PY 2023

P.O. BOX 291 - JACKSON, MS 39205601-208-2850LinkedIn1001-5000 employeesconstruction

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$132.4M

+24.8% from 2022

Total participants

4,267

+13.4% from 2022

Average account balance

$74,531

+10.9% from 2022

Annual return

20.98%

-51.15 pp from 2022

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$154.11M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

1,767

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.

36.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$348

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 15 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$204,244
TRUSTMARK NATIONAL BANK9+ years Service code 15 248 E CAPITOL ST STE 580 · JACKSON, MA 39201	Recordkeeping	$154,028
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Advisory (Participants)	$45,851
REA SHAW GIFFIN & STUART LLP1 year Service code 10 PO BOX 2090 · MERIDIAN, MS 39302	Accounting	$45,804

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H2R3B

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$452K

$117 / participant

Recordkeeping$204K45.2%
Investment mgmt$200K44.3%
Other / not subdivided$48K10.5%

% of EOY assets

0.341%

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: REA, SHAW, GIFFIN & STUART LLP
Auditor EIN: 640295411
Audit fees: $47,275
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,531

$88,479-15.8%

$96,515-22.8%

$80,157-7.0%

Participation rate

35.5%

79.9%-44.4pp

74.3%-38.8pp

72.9%-37.4pp

Annual return

20.98%

22.53%-1.6pp

35.73%-14.7pp

40.39%-19.4pp

Employer contribution / active EE

$1,461

$4,177-65.0%

$3,740-60.9%

$2,977-50.9%

Participant deferral / active EE

$2,918

$3,961-26.3%

$4,880-40.2%

$5,015-41.8%

Admin fee / account holder

$254

$211+20.3%

$6,735-96.2%

$145+75.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 15

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$204,244

TRUSTMARK NATIONAL BANK9+ years

Service code 15

248 E CAPITOL ST STE 580 · JACKSON, MA 39201

Recordkeeping

$154,028

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 26

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Advisory (Participants)

$45,851

REA SHAW GIFFIN & STUART LLP1 year

Service code 10

PO BOX 2090 · MERIDIAN, MS 39302

Accounting

$45,804

THE YATES COMPANIES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE YATES COMPANIES, 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