Retirement plan

PORT AGGREGATES, INC. PROFIT SHARING PLAN AND TRUST

Name: PORT AGGREGATES, INC. - PORT AGGREGATES, INC. PROFIT SHARING PLAN AND TRUST (2017) Form 5500
Creator: PORT AGGREGATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PORT AGGREGATES, INC. PROFIT SHARING PLAN AND TRUST, PORT AGGREGATES, INC.

PORT AGGREGATES, INC.EIN 72-0898658Plan #001PY 2017

314 N. MAIN STREET - JENNINGS, LA 70546337-824-7625portaggregates.comLinkedIn201-500 employeesconstruction

Prospect flagsLow returnsLow participationLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$2.9M

+5.8% from 2016

Total participants

220

-5.2% from 2016

Average account balance

$17,218

+2.6% from 2016

Annual return

7.87%

+4.91 pp from 2016

Benchmarks

See 2,371 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,371 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.28M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

146

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.

53.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$480K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$70

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
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASS MUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850	Recordkeeping	$11,821
EMPLOYEE FIDUCIARY, LLC3+ years Filed as: EMPLOYEE PLAN COMPLIANCE CO. OF LA Service code 50 · EIN 72-0837456 6555 PERKINS ROAD, SUITE 400 · BATON ROUGE, LA 70808	Direct Payment	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$12K

$77 / participant

Contract admin$12K100.0%

% of EOY assets

0.414%

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: EHRICHT AND ASSOCIATES, LLC
Auditor EIN: 263419648
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,218

$71,192-75.8%

$117,861-85.4%

$62,293-72.4%

Participation rate

64.9%

74.2%-9.3pp

79.7%-14.7pp

69.5%-4.6pp

Annual return

7.87%

18.66%-10.8pp

335.11%-327.2pp

28.90%-21.0pp

Employer contribution / active EE

$770

$1,934-60.2%

$3,786-79.7%

$2,042-62.3%

Participant deferral / active EE

$1,682

$3,189-47.3%

$4,482-62.5%

$3,169-46.9%

Admin fee / account holder

$71

$587-87.9%

$8,021-99.1%

$479-85.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASS MUTUAL LIFE INSURANCE CO.

Service code 15 · EIN 04-1590850

Recordkeeping

$11,821

EMPLOYEE FIDUCIARY, LLC3+ years

Filed as: EMPLOYEE PLAN COMPLIANCE CO. OF LA

Service code 50 · EIN 72-0837456

6555 PERKINS ROAD, SUITE 400 · BATON ROUGE, LA 70808

Direct Payment

PORT AGGREGATES, INC. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PORT AGGREGATES, INC. PROFIT SHARING PLAN AND TRUST

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