Retirement plan

AGC OF OKLAHOMA 401(K) RETIREMENT PLAN

Name: OKLAHOMA CHAPTER, BUILDERS DIVISION OF AGC OF AMERICA, INC. - AGC OF OKLAHOMA 401(K) RETIREMENT PLAN (2018) Form 5500
Creator: OKLAHOMA CHAPTER, BUILDERS DIVISION OF AGC OF AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AGC OF OKLAHOMA 401(K) RETIREMENT PLAN, OKLAHOMA CHAPTER, BUILDERS DIVISION OF AGC OF AMERICA, INC.

OKLAHOMA CHAPTER, BUILDERS DIVISION OF AGC OF AMERICA, INC.EIN 73-0132794Plan #333PY 2018

605 N.W. 13TH STREET, SUITE A - OKLAHOMA CITY, OK 731032213405-528-4605

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.1M

-16.4% from 2017

Total participants

669

0.0% from 2017

Average account balance

$23,110

-11.0% from 2017

Annual return

-28.82%

-43.66 pp from 2017

Benchmarks

See 845 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort845 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.19M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

438

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.

48.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$880K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$248

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC1 year Filed as: CETERA ADVISORS, LLC Service code 27 200 N PACIFIC COAST HWY · EL SEGUNDO, CA 90245	Advisory (Plan)	$49,868
TRANSAMERICA RETIREMENT SOLUTIONS4+ years Filed as: TRANSAMERICA FIN LIFE INSURANCE CO Service code 15 · EIN 36-6071399	Recordkeeping	$18,920
PINNACLE FINANCIAL SERVICES, INC.4+ years Service code 15 · EIN 59-2438373	Recordkeeping	$12,183
3(16) FIDUCIARY SERVICES CORP4+ years Filed as: 3(16) FIDUCIARY SERVICES CORPORATIO Service code 14 · EIN 45-4813650	Plan Administrator	$9,357
INDEPENDENT FINANCIAL PARTNERS1 year Service code 26 14502 NORTH DALE MABRY HWY · TAMPA, FL 33618	Advisory (Participants)	$5,370

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$32K

$55 / participant

Investment mgmt$26K81.8%
Other / not subdivided$6K18.2%

% of EOY assets

0.394%

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: TEMPLETON & COMPANY
Auditor EIN: 141918990
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,110

$43,999-47.5%

$79,467-70.9%

$55,725-58.5%

Participation rate

45.3%

66.9%-21.6pp

73.3%-28.0pp

70.9%-25.5pp

Annual return

-28.82%

1.81%-30.6pp

718.30%-747.1pp

244.93%-273.7pp

Employer contribution / active EE

$990

$1,830-45.9%

$2,800-64.6%

$2,078-52.3%

Participant deferral / active EE

$1,557

$2,538-38.7%

$3,704-58.0%

$3,356-53.6%

Admin fee / account holder

$91

$118-22.6%

$5,104-98.2%

$115-21.0%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC1 year

Filed as: CETERA ADVISORS, LLC

Service code 27

200 N PACIFIC COAST HWY · EL SEGUNDO, CA 90245

Advisory (Plan)

$49,868

TRANSAMERICA RETIREMENT SOLUTIONS4+ years

Filed as: TRANSAMERICA FIN LIFE INSURANCE CO

Service code 15 · EIN 36-6071399

Recordkeeping

$18,920

PINNACLE FINANCIAL SERVICES, INC.4+ years

Service code 15 · EIN 59-2438373

Recordkeeping

$12,183

3(16) FIDUCIARY SERVICES CORP4+ years

Filed as: 3(16) FIDUCIARY SERVICES CORPORATIO

Service code 14 · EIN 45-4813650

Plan Administrator

$9,357

INDEPENDENT FINANCIAL PARTNERS1 year

Service code 26

14502 NORTH DALE MABRY HWY · TAMPA, FL 33618

Advisory (Participants)

$5,370

AGC OF OKLAHOMA 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AGC OF OKLAHOMA 401(K) RETIREMENT 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