Retirement plan

THE PELICAN CHAPTER RETIREMENT SAVINGS PLAN

Name: PELICAN CHAPTER - ASSOCIATED BUILDERS AND CONTRACTORS, INC. - THE PELICAN CHAPTER RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: PELICAN CHAPTER - ASSOCIATED BUILDERS AND CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PELICAN CHAPTER RETIREMENT SAVINGS PLAN, PELICAN CHAPTER - ASSOCIATED BUILDERS AND CONTRACTORS, INC.

PELICAN CHAPTER - ASSOCIATED BUILDERS AND CONTRACTORS, INC.EIN 72-0885035Plan #333PY 2021

19251 HIGHLAND ROAD - BATON ROUGE, LA 70809225-752-1415abcpelican.orgLinkedIn51-200 employeesconstruction

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.9M

-79.5% from 2020

Total participants

-87.2% from 2020

Average account balance

$64,680

+23.6% from 2020

Annual return

-85.67%

-102.69 pp from 2020

Benchmarks

See 37,602 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort37,602 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.19M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

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.

58.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$350K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$814

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

0 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS3 years Filed as: TRANSAMERICA FINACIAL LIFE INSURANC Service code 15 · EIN 36-6071399	Recordkeeping	$30,309
SENTINEL PENSION LLC3 years Filed as: SENTINEL PENSION Service code 15 · EIN 46-0570503	Recordkeeping	$6,662
SENTINEL PENSION ADVISORS1 year Filed as: SENTENEL PENSION Service code 15 · EIN 72-0999988	Recordkeeping	$2,665
MESIROW FINANCIAL INVESTMENT MANAGE3 years Filed as: MESIROW FINANCIAL INC Service code 27 · EIN 36-3194849	Advisory (Plan)	$1,743

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

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

$54K

$2723 / participant

Contract admin$54K100.0%

% of EOY assets

2.807%

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: HANNIS T. BOURGEOIS, LLP
Auditor EIN: 720636725
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,680

$109,905-41.1%

$98,506-34.3%

$167,553-61.4%

Participation rate

100.0%

75.8%+24.2pp

73.3%+26.7pp

82.1%+17.9pp

Annual return

-85.67%

1960.20%-2045.9pp

1494.92%-1580.6pp

478.89%-564.6pp

Employer contribution / active EE

$15,654

$3,226+385.3%

$2,961+428.6%

$4,840+223.4%

Participant deferral / active EE

$33,832

$4,674+623.8%

$4,277+691.0%

$6,343+433.4%

Admin fee / account holder

$1,816

$6,760-73.1%

$5,955-69.5%

$12,316-85.3%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3 years

Filed as: TRANSAMERICA FINACIAL LIFE INSURANC

Service code 15 · EIN 36-6071399

Recordkeeping

$30,309

SENTINEL PENSION LLC3 years

Filed as: SENTINEL PENSION

Service code 15 · EIN 46-0570503

Recordkeeping

$6,662

SENTINEL PENSION ADVISORS1 year

Filed as: SENTENEL PENSION

Service code 15 · EIN 72-0999988

Recordkeeping

$2,665

MESIROW FINANCIAL INVESTMENT MANAGE3 years

Filed as: MESIROW FINANCIAL INC

Service code 27 · EIN 36-3194849

Advisory (Plan)

$1,743

THE PELICAN CHAPTER RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE PELICAN CHAPTER RETIREMENT SAVINGS 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