Retirement plan

DOUG VEERKAMP GENERAL ENGINEERING, INC. 401(K) PLAN

Name: DOUG VEERKAMP GENERAL ENGINEERING, INC. - DOUG VEERKAMP GENERAL ENGINEERING, INC. 401(K) PLAN (2015) Form 5500
Creator: DOUG VEERKAMP GENERAL ENGINEERING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DOUG VEERKAMP GENERAL ENGINEERING, INC. 401(K) PLAN, DOUG VEERKAMP GENERAL ENGINEERING, INC.

DOUG VEERKAMP GENERAL ENGINEERING, INC.EIN 68-0462256Plan #001PY 2015

2585 COLD SPRINGS ROAD - PLACERVILLE, CA 95667530-676-0825dougveerkamp.comLinkedIn51-200 employeesconstruction

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$13.3M

No prior year

Total participants

201

No prior year

Average account balance

$99,006

No prior year

Annual return

-2.39%

No prior year

Benchmarks

See 1,997 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort1,997 peers

Snapshot2015

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$27.59M

Not enough data

1 years with asset history on file

Average account balance

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

$179K

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.

154

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.

67.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$614

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 3 by compensation

Provider	Service type	Compensation
PGR SOLUTIONS, LLC1+ years Service code 17 · EIN 93-1253576	Pension Consulting	$55,619
RIVERSEDGE ADV. RET. SOLUTIONS, LLC1+ years Filed as: RIVERSEDGE ADV RETIREMENT SOLUTIONS Service code 37 · EIN 27-1155910	Loan Processing	$8,232
MID ATLANTIC CAPITAL CORPORATION1+ years Filed as: MID ATLANTIC TRUST COMPANY Service code 19 · EIN 27-3169253	Securities Custodian	$6,464

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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.
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.
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

3 tripped

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

$70K

$421 / participant

Contract admin$15K20.9%
Other / not subdivided$56K79.1%

% of EOY assets

0.530%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BFBA, LLP
Auditor EIN: 680000424
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,006

$50,464+96.2%

$75,781+30.6%

$52,331+89.2%

Participation rate

59.9%

66.8%-6.9pp

75.8%-15.9pp

68.1%-8.2pp

Annual return

-2.39%

1.03%-3.4pp

9.68%-12.1pp

4.54%-6.9pp

Employer contribution / active EE

$1,540

$1,988-22.6%

$3,323-53.7%

$1,882-18.2%

Participant deferral / active EE

$3,546

$2,570+38.0%

$3,651-2.9%

$3,022+17.3%

Admin fee / account holder

$525

$1,103-52.4%

$5,299-90.1%

$592-11.3%

Provider

Service type

Compensation

PGR SOLUTIONS, LLC1+ years

Service code 17 · EIN 93-1253576

Pension Consulting

$55,619

RIVERSEDGE ADV. RET. SOLUTIONS, LLC1+ years

Filed as: RIVERSEDGE ADV RETIREMENT SOLUTIONS

Service code 37 · EIN 27-1155910

Loan Processing

$8,232

MID ATLANTIC CAPITAL CORPORATION1+ years

Filed as: MID ATLANTIC TRUST COMPANY

Service code 19 · EIN 27-3169253

Securities Custodian

$6,464

DOUG VEERKAMP GENERAL ENGINEERING, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DOUG VEERKAMP GENERAL ENGINEERING, 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