Retirement plan

MADDEN CONTRACTING 401(K) PLAN

Name: MADDEN CONTRACTING COMPANY, LLC - MADDEN CONTRACTING 401(K) PLAN (2023) Form 5500
Creator: MADDEN CONTRACTING COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MADDEN CONTRACTING 401(K) PLAN, MADDEN CONTRACTING COMPANY, LLC

MADDEN CONTRACTING COMPANY, LLCEIN 72-0574611Plan #001PY 2023

11288 HIGHWAY 371 SOUTH - SIBLEY, LA 71073318-377-0928

Prospect flagsHigh feesHigh cashLow participationCorrective distributions

How to read this page

Total assets (EOY)

$25.4M

+21.3% from 2022

Total participants

330

+31.5% from 2022

Average account balance

$149,139

+12.8% from 2022

Annual return

13.56%

+25.86 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.19M

Not enough data

1 years with asset history on file

Average account balance

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

$168K

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.

180

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.

18.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.06M

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

+11.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$805

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
MERRILL LYNCH PIERCE FENNER & SMITH6 years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$112,534
HEARD MCELROY & VESTAL, LLC5 years Filed as: HEARD, MCELROY & VESTAL, LLC Service code 70 PO BOX 1607 · SHREVEPORT, LA 71165	Consulting Fees	$13,400

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H2R2T2A

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.
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.
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

4 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.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$126K

$416 / participant

Recordkeeping$112K89.3%
Other / not subdivided$13K10.7%

% of EOY assets

0.495%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HEARD, MCELROY & VESTAL, LLP
Auditor EIN: 720398470
Audit fees: $13,400
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$149,139

$93,010+60.3%

$96,515+54.5%

$74,460+100.3%

Participation rate

47.0%

71.6%-24.5pp

74.3%-27.3pp

70.7%-23.7pp

Annual return

13.56%

37.50%-23.9pp

35.73%-22.2pp

34.38%-20.8pp

Employer contribution / active EE

$2,741

$3,427-20.0%

$3,740-26.7%

$2,638+3.9%

Participant deferral / active EE

$3,793

$3,971-4.5%

$4,880-22.3%

$4,530-16.3%

Admin fee / account holder

$738

$633+16.6%

$6,735-89.0%

$348+112.3%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH6 years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$112,534

HEARD MCELROY & VESTAL, LLC5 years

Filed as: HEARD, MCELROY & VESTAL, LLC

Service code 70

PO BOX 1607 · SHREVEPORT, LA 71165

Consulting Fees

$13,400

MADDEN CONTRACTING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MADDEN CONTRACTING 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