Retirement plan

INTEX ELECTRICAL CONTRACTORS, INC. 401(K) PROFIT SHARING PLAN

Name: INTEX ELECTRICAL CONTRACTORS, INC. - INTEX ELECTRICAL CONTRACTORS, INC. 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: INTEX ELECTRICAL CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTEX ELECTRICAL CONTRACTORS, INC. 401(K) PROFIT SHARING PLAN, INTEX ELECTRICAL CONTRACTORS, INC.

INTEX ELECTRICAL CONTRACTORS, INC.EIN 75-1915360Plan #001PY 2019

11981 CLASSIC LANE - FORNEY, TX 75126972-288-8041LinkedIn11-50 employeesconstruction

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$5.6M

+39.0% from 2018

Total participants

181

+9.0% from 2018

Average account balance

$114,606

+30.5% from 2018

Annual return

29.22%

+36.27 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.39M

Not enough data

1 years with asset history on file

Average account balance

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

$148K

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.

34.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$862K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3188

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

Top 2 by compensation

Provider	Service type	Compensation
RHODES INVESTMENT ADVISORS, INC.3 years Filed as: RHODES SECURITIES, INC. Service code 26 FORT WORTH CLUB BUILDING · FORT WORTH, TX 76102	Advisory (Participants)	$15,794
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969	Contract Administrator	$10,467

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$26K

$149 / participant

Investment mgmt$16K60.1%
Contract admin$10K39.9%

% of EOY assets

0.468%

all-in expense ratio

Categories reported

2 / 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: WEAVER AND TIDWELL
Auditor EIN: 750786316
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$114,606

$63,114+81.6%

$92,909+23.4%

$65,185+75.8%

Participation rate

25.0%

68.8%-43.8pp

76.0%-51.0pp

70.2%-45.2pp

Annual return

29.22%

28.75%+0.5pp

109.44%-80.2pp

29.38%-0.2pp

Employer contribution / active EE

$934

$2,571-63.7%

$3,653-74.4%

$2,177-57.1%

Participant deferral / active EE

$1,756

$3,108-43.5%

$4,238-58.6%

$3,514-50.0%

Admin fee / account holder

$536

$624-14.1%

$5,795-90.8%

$847-36.7%

Provider

Service type

Compensation

RHODES INVESTMENT ADVISORS, INC.3 years

Filed as: RHODES SECURITIES, INC.

Service code 26

FORT WORTH CLUB BUILDING · FORT WORTH, TX 76102

Advisory (Participants)

$15,794

NEWPORT GROUP, INC.1 year

Service code 13 · EIN 27-2037969

Contract Administrator

$10,467

INTEX ELECTRICAL CONTRACTORS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTEX ELECTRICAL CONTRACTORS, INC. 401(K) PROFIT SHARING 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