Retirement plan

ARROW DRILLERS, INC. 401(K) PROFIT SHARING PLAN

Name: ARROW DRILLERS, INC. - ARROW DRILLERS, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: ARROW DRILLERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARROW DRILLERS, INC. 401(K) PROFIT SHARING PLAN, ARROW DRILLERS, INC.

ARROW DRILLERS, INC.EIN 68-0357958Plan #002PY 2020

1850 DIESEL DR - SACRAMENTO, CA 958382456916-640-0600LinkedIn201-500 employeesconstruction

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$13.6M

+17.1% from 2019

Total participants

230

+6.0% from 2019

Average account balance

$59,456

+11.0% from 2019

Annual return

8.76%

-10.46 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.35M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

228

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.

94.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+7.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$300

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 3 by compensation

Provider	Service type	Compensation
BIDWELL CONSULTING SERVICES, INC.6+ years Service code 13 · EIN 20-3039384 3251 ESPLANADE · CHICO, CA 95973	Contract Administrator	$37,926
SMART INVESTOR6+ years Service code 27 · EIN 48-1289192 2130 PROFESSIONAL DR STE 190 · ROSEVILLE, CA 95661	Advisory (Plan)	$26,996
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$23,739

Plan features & details

Pension benefit codes2A2E2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$88K

$713 / participant

Contract admin$83K93.7%
Other / not subdivided$6K6.3%

% of EOY assets

0.649%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,456

$69,383-14.3%

$101,275-41.3%

$73,497-19.1%

Participation rate

99.2%

68.4%+30.8pp

75.8%+23.4pp

70.7%+28.5pp

Annual return

8.76%

18.46%-9.7pp

46.48%-37.7pp

28.51%-19.8pp

Employer contribution / active EE

$12,285

$2,628+367.4%

$3,660+235.6%

$2,270+441.1%

Participant deferral / active EE

$3,170

$3,301-4.0%

$4,371-27.5%

$3,740-15.2%

Admin fee / account holder

$386

$704-45.2%

$5,948-93.5%

$513-24.8%

Provider

Service type

Compensation

BIDWELL CONSULTING SERVICES, INC.6+ years

Service code 13 · EIN 20-3039384

3251 ESPLANADE · CHICO, CA 95973

Contract Administrator

$37,926

SMART INVESTOR6+ years

Service code 27 · EIN 48-1289192

2130 PROFESSIONAL DR STE 190 · ROSEVILLE, CA 95661

Advisory (Plan)

$26,996

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$23,739

ARROW DRILLERS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARROW DRILLERS, 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