Retirement plan

ACUREN INSPECTION, INC. RETIREMENT SAVINGS PLAN

Name: ACUREN INSPECTION, INC. - ACUREN INSPECTION, INC. RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: ACUREN INSPECTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACUREN INSPECTION, INC. RETIREMENT SAVINGS PLAN, ACUREN INSPECTION, INC.

ACUREN INSPECTION, INC.EIN 75-2332601Plan #001PY 2024

30 MAIN STREET, SUITE 402 - DANBURY, CT 06810203-702-8740LinkedIn201-500 employees

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$148.7M

+14.3% from 2023

Total participants

4,367

+3.2% from 2023

Average account balance

$57,023

+7.3% from 2023

Annual return

17.03%

-45.00 pp from 2023

Benchmarks

See 949 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort949 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$148.66M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

2,607

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.

48.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.36M

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

+17.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$111

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 12 · EIN 13-3689044	Participant communication; Claims pro...	$217,036
FORVIS, LLP1 year Filed as: FORVIS MAZARS, LLP Service code 10 · EIN 44-0160260	Accounting	$35,700
CLIFTONLARSONALLEN LLP3 years Service code 10 · EIN 41-0746749	Accounting	$16,710
EISNERAMPER LLP1 year Service code 10 · EIN 87-1363769	Accounting	$13,500
FIDUCIARY INVESTMENT ADVISORS10+ years Service code 28 · EIN 20-4751585	Investment Management	$7,500
NATIONAL FINANCIAL SERVICES10+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H

Plan features

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$290K

$85 / participant

Recordkeeping$217K74.7%
Investment mgmt$8K2.6%
Other / not subdivided$66K22.7%

% of EOY assets

0.195%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTON LARSON ALLEN LLP
Auditor EIN: 410746749
Audit fees: $65,910
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,023

$122,128-53.3%

$147,117-61.2%

$200,096-71.5%

Participation rate

48.3%

78.2%-29.9pp

82.2%-33.9pp

72.0%-23.7pp

Annual return

17.03%

30.58%-13.6pp

420.54%-403.5pp

34.26%-17.2pp

Employer contribution / active EE

$974

$4,093-76.2%

$4,932-80.2%

$3,038-67.9%

Participant deferral / active EE

$3,538

$8,484-58.3%

$8,065-56.1%

$5,090-30.5%

Admin fee / account holder

$111

$180-37.9%

$12,993-99.1%

$269-58.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Service code 12 · EIN 13-3689044

Participant communication; Claims pro...

$217,036

FORVIS, LLP1 year

Filed as: FORVIS MAZARS, LLP

Service code 10 · EIN 44-0160260

Accounting

$35,700

CLIFTONLARSONALLEN LLP3 years

Service code 10 · EIN 41-0746749

Accounting

$16,710

EISNERAMPER LLP1 year

Service code 10 · EIN 87-1363769

Accounting

$13,500

FIDUCIARY INVESTMENT ADVISORS10+ years

Service code 28 · EIN 20-4751585

Investment Management

$7,500

NATIONAL FINANCIAL SERVICES10+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

ACUREN INSPECTION, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACUREN INSPECTION, INC. RETIREMENT 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