Retirement plan

FRANZ CONSTRUCTION, INC. RETIREMENT PLAN

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

FRANZ CONSTRUCTION, INC.EIN 81-0419247Plan #001PY 2024

P.O. BOX 1046 - SIDNEY, MT 592701046406-482-4760LinkedIn51-200 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.9M

+14.5% from 2023

Total participants

160

+3.2% from 2023

Average account balance

$58,270

+14.5% from 2023

Annual return

21.54%

+14.45 pp from 2023

Benchmarks

See 18,533 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,533 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.92M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

153

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$59K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+21.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$483

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 3 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 14201	Recordkeeping	$34,525
EDWARD JONES4 years Filed as: EDWARD JONES & CO, LP Service code 26 · EIN 43-0345811 201 PROGRESS PARKWAY · MARYLAND HEIGHTS, MO 63043	Advisory (Participants)	$24,759
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILSHIRE ASSOCIATES INC (USA) Service code 26 · EIN 95-2755361 1299 OCEAN AVENUE · SANTA MONICA, CA 90401	Advisory (Participants)	$1,707

Plan features & details

Pension benefit codes2A2E2G3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

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

$74K

$1761 / participant

Investment mgmt$26K35.8%
Contract admin$35K46.7%
Other / not subdivided$13K17.5%

% of EOY assets

0.829%

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: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,270

$81,487-28.5%

$102,412-43.1%

$80,935-28.0%

Participation rate

83.3%

66.8%+16.5pp

74.5%+8.8pp

67.7%+15.7pp

Annual return

21.54%

25.60%-4.1pp

24.94%-3.4pp

35.66%-14.1pp

Employer contribution / active EE

$1,396

$3,103-55.0%

$3,870-63.9%

$2,757-49.3%

Participant deferral / active EE

$3,871-100.0%

$5,060-100.0%

$4,299-100.0%

Admin fee / account holder

$483

$6,717-92.8%

$8,388-94.2%

$6,924-93.0%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Service code 15 · EIN 01-0233346

PO BOX 600 · BUFFALO, NY 14201

Recordkeeping

$34,525

EDWARD JONES4 years

Filed as: EDWARD JONES & CO, LP

Service code 26 · EIN 43-0345811

201 PROGRESS PARKWAY · MARYLAND HEIGHTS, MO 63043

Advisory (Participants)

$24,759

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILSHIRE ASSOCIATES INC (USA)

Service code 26 · EIN 95-2755361

1299 OCEAN AVENUE · SANTA MONICA, CA 90401

Advisory (Participants)

$1,707

FRANZ CONSTRUCTION, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRANZ CONSTRUCTION, INC. RETIREMENT 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