Retirement plan

SILVER STAR CONSTRUCTION COMPANY, INC. 401(K) SALARY DEFERRAL SAVINGS PLAN

Name: SILVER STAR CONSTRUCTION COMPANY, INC. - SILVER STAR CONSTRUCTION COMPANY, INC. 401(K) SALARY DEFERRAL SAVINGS PLAN (2018) Form 5500
Creator: SILVER STAR CONSTRUCTION COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SILVER STAR CONSTRUCTION COMPANY, INC. 401(K) SALARY DEFERRAL SAVINGS PLAN, SILVER STAR CONSTRUCTION COMPANY, INC.

SILVER STAR CONSTRUCTION COMPANY, INC.EIN 73-1204879Plan #001PY 2018

2401 S. BROADWAY - MOORE, OK 73160972-960-9630silverstarconst.comLinkedIn201-500 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$24.2M assets

Prospect flagsHigh feesHigh cashCorrective distributions

How to read this page

Total assets (EOY)

$6M

-9.7% from 2017

Total participants

179

+0.6% from 2017

Average account balance

$37,730

-13.1% from 2017

Annual return

-5.97%

-20.52 pp from 2017

Benchmarks

See 2,759 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,759 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.22M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

216

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.

71.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$931K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$362

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
PROBITY ADVISORS INC2 years Service code 27 · EIN 35-2175673	Advisory (Plan)	$55,703
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 37 · EIN 04-2647786	Loan Processing	$2,325

Plan features & details

Pension benefit codes3D2T2E2F2G2J2K2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

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

$58K

$387 / participant

Other / not subdivided$58K100.0%

% of EOY assets

0.967%

all-in expense ratio

Categories reported

0 / 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: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,730

$55,449-32.0%

$83,830-55.0%

$56,287-33.0%

Participation rate

86.7%

68.0%+18.7pp

76.1%+10.5pp

69.9%+16.8pp

Annual return

-5.97%

-1.38%-4.6pp

850.97%-856.9pp

-9.96%+4.0pp

Employer contribution / active EE

$1,460

$2,430-39.9%

$3,631-59.8%

$2,111-30.8%

Participant deferral / active EE

$2,511

$2,935-14.4%

$4,082-38.5%

$3,350-25.0%

Admin fee / account holder

$365

$656-44.4%

$5,479-93.3%

$521-29.9%

Provider

Service type

Compensation

PROBITY ADVISORS INC2 years

Service code 27 · EIN 35-2175673

Advisory (Plan)

$55,703

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 37 · EIN 04-2647786

Loan Processing

$2,325

SILVER STAR CONSTRUCTION COMPANY, INC. 401(K) SALARY DEFERRAL SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SILVER STAR CONSTRUCTION COMPANY, INC. 401(K) SALARY DEFERRAL 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