Retirement plan

INDUSTRIAL & COMMERCIAL CONTRACTORS 401(K) PROFIT SHARING PLAN

Name: INDUSTRIAL & COMMERCIAL CONTRACTORS, LIMITED PARTNERSHIP - INDUSTRIAL & COMMERCIAL CONTRACTORS 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: INDUSTRIAL & COMMERCIAL CONTRACTORS, LIMITED PARTNERSHIP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDUSTRIAL & COMMERCIAL CONTRACTORS 401(K) PROFIT SHARING PLAN, INDUSTRIAL & COMMERCIAL CONTRACTORS, LIMITED PARTNERSHIP

INDUSTRIAL & COMMERCIAL CONTRACTORS, LIMITED PARTNERSHIPEIN 77-0134667Plan #001PY 2023

413 W. YOSEMITE AVE., SUITE 105 - MADERA, CA 93637559-674-0906LinkedIn51-200 employeesconstruction

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$5.9M

+10.4% from 2022

Total participants

132

-4.3% from 2022

Average account balance

$58,850

+20.3% from 2022

Annual return

14.38%

+31.26 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.53M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

101

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.

73.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$894K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$31

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 1 by compensation

Provider	Service type	Compensation
NEXUS ADMINISTRATORS, INC.3 years Filed as: NEXUS ADMINISTRATORS INC. Service code 49 · EIN 77-0586222 735 W ALLUVIAL AVE SUITE 101 · FRESNO, CA 93711	Other Services	$0

Plan features & details

Pension benefit codes2E2G2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$6K

$47 / participant

Contract admin$6K100.0%

% of EOY assets

0.096%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FINCH ROWLAND SHOOPMAN CPAS
Auditor EIN: 770183229
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,850

$76,696-23.3%

$96,515-39.0%

$71,511-17.7%

Participation rate

74.4%

66.6%+7.8pp

74.3%0pp

67.9%+6.4pp

Annual return

14.38%

48.32%-33.9pp

35.73%-21.3pp

28.86%-14.5pp

Employer contribution / active EE

$2,573

$3,032-15.1%

$3,740-31.2%

$2,589-0.6%

Participant deferral / active EE

$5,195

$3,770+37.8%

$4,880+6.5%

$4,291+21.1%

Admin fee / account holder

$57

$2,030-97.2%

$6,735-99.2%

$1,588-96.4%

Provider

Service type

Compensation

NEXUS ADMINISTRATORS, INC.3 years

Filed as: NEXUS ADMINISTRATORS INC.

Service code 49 · EIN 77-0586222

735 W ALLUVIAL AVE SUITE 101 · FRESNO, CA 93711

Other Services

INDUSTRIAL & COMMERCIAL CONTRACTORS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDUSTRIAL & COMMERCIAL CONTRACTORS 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