Retirement plan

STRUCTURE TONE ORGANIZATION 401K PROFIT SHARING PLAN

Name: STO BUILDING GROUP, INC. - STRUCTURE TONE ORGANIZATION 401K PROFIT SHARING PLAN (2022) Form 5500
Creator: STO BUILDING GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STRUCTURE TONE ORGANIZATION 401K PROFIT SHARING PLAN, STO BUILDING GROUP, INC.

STO BUILDING GROUP, INC.EIN 81-4302917Plan #003PY 2022

330 WEST 34TH STREET, 12TH FLOOR - NEW YORK, NY 10001212-251-9258stobuildinggroup.comLinkedIn1001-5000 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$76.0M assets

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$325.1M

-9.2% from 2021

Total participants

2,087

-0.1% from 2021

Average account balance

$157,214

-9.0% from 2021

Annual return

-14.37%

-0.59 pp from 2021

Benchmarks

See 502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort502 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$402.35M

Not enough data

1 years with asset history on file

Average account balance

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

$192K

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.

2,093

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.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+12.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$327

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 4 by compensation

Provider	Service type	Compensation
FINANCIAL ENGINES3+ years Service code 26 1804 EMBARCADERO ROAD · PALO ALTO, CA 94303	Advisory (Participants)	$333,763
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Service code 12 · EIN 13-2689044	Recordkeeping and information managem...	$246,158
MERCER3+ years Filed as: MERCER INVESTMENTS LLC Service code 27 · EIN 30-0282430	Advisory (Plan)	$75,246
NATIONAL FINANCIAL SERVICES3+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H

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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$656K

$456 / participant

Investment mgmt$410K62.5%
Other / not subdivided$246K37.5%

% of EOY assets

0.202%

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: GRASSI & CO
Auditor EIN: 113266576
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$157,214

$76,774+104.8%

$112,270+40.0%

$77,906+101.8%

Participation rate

98.7%

80.2%+18.5pp

75.1%+23.6pp

73.7%+25.0pp

Annual return

-14.37%

-10.25%-4.1pp

27.49%-41.9pp

12.16%-26.5pp

Employer contribution / active EE

$3,340

$3,977-16.0%

$3,635-8.1%

$2,846+17.4%

Participant deferral / active EE

$10,908

$3,778+188.7%

$4,729+130.6%

$4,805+127.0%

Admin fee / account holder

$317

$239+32.8%

$6,411-95.1%

$133+139.3%

Provider

Service type

Compensation

FINANCIAL ENGINES3+ years

Service code 26

1804 EMBARCADERO ROAD · PALO ALTO, CA 94303

Advisory (Participants)

$333,763

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Service code 12 · EIN 13-2689044

Recordkeeping and information managem...

$246,158

MERCER3+ years

Filed as: MERCER INVESTMENTS LLC

Service code 27 · EIN 30-0282430

Advisory (Plan)

$75,246

NATIONAL FINANCIAL SERVICES3+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

STRUCTURE TONE ORGANIZATION 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STRUCTURE TONE ORGANIZATION 401K 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