Retirement plan

TIPTON EXCAVATING SAFE HARBOR 401(K) PLAN

Name: JERRY TIPTON CONSTRUCTION COMPANY, INC. DBA TIPTON EXCAVATING - TIPTON EXCAVATING SAFE HARBOR 401(K) PLAN (2024) Form 5500
Creator: JERRY TIPTON CONSTRUCTION COMPANY, INC. DBA TIPTON EXCAVATING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TIPTON EXCAVATING SAFE HARBOR 401(K) PLAN, JERRY TIPTON CONSTRUCTION COMPANY, INC. DBA TIPTON EXCAVATING

JERRY TIPTON CONSTRUCTION COMPANY, INC. DBA TIPTON EXCAVATINGEIN 73-0991904Plan #001PY 2024

PO BOX 673 - EDMOND, OK 730830673405-330-3831

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.3M

+21.5% from 2023

Total participants

0.0% from 2023

Average account balance

$75,590

+14.3% from 2023

Annual return

10.87%

-4.91 pp from 2023

Benchmarks

See 18,536 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,536 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.60M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

54.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$111K

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

+15.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$26

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$558

$18 / participant

Other / not subdivided$558100.0%

% of EOY assets

0.043%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,590

$81,476-7.2%

$102,383-26.2%

$80,925-6.6%

Participation rate

45.2%

66.8%-21.7pp

74.5%-29.3pp

67.7%-22.5pp

Annual return

10.87%

25.59%-14.7pp

24.94%-14.1pp

35.65%-24.8pp

Employer contribution / active EE

$1,669

$3,105-46.2%

$3,870-56.9%

$2,756-39.4%

Participant deferral / active EE

$1,943

$3,871-49.8%

$5,060-61.6%

$4,299-54.8%

Admin fee / account holder

$33

$6,717-99.5%

$8,391-99.6%

$6,940-99.5%

TIPTON EXCAVATING SAFE HARBOR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TIPTON EXCAVATING SAFE HARBOR 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