Retirement plan

REDSTONE CONSTRUCTION GROUP INC 401K PLAN

Name: REDSTONE CONSTRUCTION GROUP INC - REDSTONE CONSTRUCTION GROUP INC 401K PLAN (2024) Form 5500
Creator: REDSTONE CONSTRUCTION GROUP INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REDSTONE CONSTRUCTION GROUP INC 401K PLAN, REDSTONE CONSTRUCTION GROUP INC

REDSTONE CONSTRUCTION GROUP INCEIN 71-0616695Plan #001PY 2024

505 WEST DIXON ROAD - LITTLE ROCK, AR 72206501-374-1557redstone-cg.comLinkedIn201-500 employeesconstruction

Prospect flagsLow returnsHigh feesHigh cashLow participationRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.7M

+21.5% from 2023

Total participants

254

+10.0% from 2023

Average account balance

$57,351

+15.4% from 2023

Annual return

10.17%

-1.34 pp from 2023

Benchmarks

See 3,445 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,445 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.74M

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.

100

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.

30.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$816K

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

+10.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$588

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 5 by compensation

Provider	Service type	Compensation
EVERINGTON CONSULTING INC2 years Service code 15 · EIN 20-2554266	Recordkeeping	$58,755
CHARLES SCHWAB & CO., INC.9 years Service code 59	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB INVESTMENT Service code 33 · EIN 94-3106735	Investment management fees paid direc...	$0
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$0
WELLINGTON CONSULTING SERVICES, INC10+ years Service code 26 · EIN 54-1620949	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D2T

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.
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

6 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.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$59K

$265 / participant

Recordkeeping$14K23.6%
Investment mgmt$45K76.4%

% of EOY assets

1.025%

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: HCJ CPAS & ADVISORS, PLLC
Auditor EIN: 710650689
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,351

$80,763-29.0%

$102,412-44.0%

$74,459-23.0%

Participation rate

30.6%

65.7%-35.0pp

74.5%-43.9pp

67.2%-36.6pp

Annual return

10.17%

27.57%-17.4pp

24.94%-14.8pp

1369.70%-1359.5pp

Employer contribution / active EE

$1,554

$3,160-50.8%

$3,870-59.9%

$2,626-40.8%

Participant deferral / active EE

$2,124

$3,862-45.0%

$5,060-58.0%

$4,350-51.2%

Admin fee / account holder

$588

$2,371-75.2%

$8,388-93.0%

$1,945-69.8%

Provider

Service type

Compensation

EVERINGTON CONSULTING INC2 years

Service code 15 · EIN 20-2554266

Recordkeeping

$58,755

CHARLES SCHWAB & CO., INC.9 years

Service code 59

Shareholder Servicing

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB INVESTMENT

Service code 33 · EIN 94-3106735

Investment management fees paid direc...

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

WELLINGTON CONSULTING SERVICES, INC10+ years

Service code 26 · EIN 54-1620949

Advisory (Participants)

REDSTONE CONSTRUCTION GROUP INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REDSTONE CONSTRUCTION GROUP INC 401K 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