Retirement plan

ENVISION CONTRACTORS, LLC RETIREMENT SAVINGS PLAN

Name: ENVISION CONTRACTORS, LLC - ENVISION CONTRACTORS, LLC RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: ENVISION CONTRACTORS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENVISION CONTRACTORS, LLC RETIREMENT SAVINGS PLAN, ENVISION CONTRACTORS, LLC

ENVISION CONTRACTORS, LLCEIN 82-0548745Plan #001PY 2021

2960 FAIRVIEW DRIVE - OWENSBORO, KY 42303270-678-1733envisionky.comLinkedIn51-200 employeesconstruction

Prospect flagsLow returnsLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.3M

+6.2% from 2020

Total participants

165

-2.9% from 2020

Average account balance

$33,766

+3.1% from 2020

Annual return

11.98%

-7.89 pp from 2020

Benchmarks

See 1,010 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,010 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.37M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

113

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.

54.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$627K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+26.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4300

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 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Filed as: MASS MUTUAL LIFE INSURANCE COMPANY Service code 52 · EIN 04-1590850	Indirect Investment Fees	$10,847
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CA 80111	Recordkeeping Fees	$2,003
ALDRICH WEALTH LIMITED PARTNERSHIP1 year Filed as: ALDRICH RETIREMENT SOLUTIONS LP Service code 13 680 HAWTHORNE AVE SE STE 140 · SALEM, OR 97301	Contract Administrator	$450
FSM BENEFITS INC DBA BENEFITS PLUS1 year Filed as: FSM BENEFITS, INC DBA BENEFITS PLUS Service code 13 · EIN 84-3881668 2365 HARRODSBURG ROAD SUITE A-220 · LEXINGTON, KY 40504	Contract Administrator	$0
KEVIN J. DRISCOLL4 years Filed as: KEVIN T COLLINS Service code 53 4101 TATES CREEK CENTER DRIVE · LEXINGTON, KY 40517	Insurance Commissions	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTOR SERVICES INC Service code 53 · EIN 04-2746212	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3H3D2T

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$12K

$81 / participant

Investment mgmt$10K85.9%
Contract admin$2K14.1%

% of EOY assets

0.513%

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: HARDING SHYMANSKI & CO PSC
Auditor EIN: 351346211
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,766

$70,879-52.4%

$189,575-82.2%

$79,391-57.5%

Participation rate

33.1%

68.0%-34.9pp

78.4%-45.3pp

70.7%-37.6pp

Annual return

11.98%

20.70%-8.7pp

64.19%-52.2pp

116.88%-104.9pp

Employer contribution / active EE

$825

$1,806-54.3%

$4,412-81.3%

$2,428-66.0%

Participant deferral / active EE

$1,384

$4,081-66.1%

$6,174-77.6%

$4,046-65.8%

Admin fee / account holder

$173

$647-73.2%

$9,806-98.2%

$627-72.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Filed as: MASS MUTUAL LIFE INSURANCE COMPANY

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$10,847

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CA 80111

Recordkeeping Fees

$2,003

ALDRICH WEALTH LIMITED PARTNERSHIP1 year

Filed as: ALDRICH RETIREMENT SOLUTIONS LP

Service code 13

680 HAWTHORNE AVE SE STE 140 · SALEM, OR 97301

Contract Administrator

$450

FSM BENEFITS INC DBA BENEFITS PLUS1 year

Filed as: FSM BENEFITS, INC DBA BENEFITS PLUS

Service code 13 · EIN 84-3881668

2365 HARRODSBURG ROAD SUITE A-220 · LEXINGTON, KY 40504

Contract Administrator

KEVIN J. DRISCOLL4 years

Filed as: KEVIN T COLLINS

Service code 53

4101 TATES CREEK CENTER DRIVE · LEXINGTON, KY 40517

Insurance Commissions

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTOR SERVICES INC

Service code 53 · EIN 04-2746212

Insurance Commissions

ENVISION CONTRACTORS, LLC RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENVISION CONTRACTORS, LLC 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