Retirement plan

TRC CONSTRUCTION, INC. 401(K) PLAN

Name: TRC CONSTRUCTION, INC. - TRC CONSTRUCTION, INC. 401(K) PLAN (2022) Form 5500
Creator: TRC CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRC CONSTRUCTION, INC. 401(K) PLAN, TRC CONSTRUCTION, INC.

TRC CONSTRUCTION, INC.EIN 82-0553652Plan #001PY 2022

P.O. BOX 430, 789 HWY 516 - FLORA VISTA, NM 87415505-334-8220trc-construction.comLinkedIn201-500 employeesconstruction

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.1M

-0.1% from 2021

Total participants

157

-7.1% from 2021

Average account balance

$32,536

+4.1% from 2021

Annual return

-11.87%

-19.12 pp from 2021

Benchmarks

See 274 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort274 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.67M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

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.

57.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$383K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21712

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
SECURITIES AMERICA INC5 years Filed as: SECURITIES AMERICA ADVISORS, INC. Service code 26 190 W HUKKARKER LN #403 · RENO, NY 89511	Advisory (Participants)	$18,626
NEWPORT GROUP, INC.4 years Service code 15 200 DRYDEN ROAD · DRESHER, PA 19025	Recordkeeping	$10,954
TOUCHSTONE RETIREMENT GROUP, LLC3 years Filed as: TOUCHSTONE RETIREMENT GROUP Service code 13 · EIN 45-3210377 500 CORPORATE PARKWAY, STE 108 · AMHERST, NY 14226	Contract Administrator	$9,461
CHANDLER ASSET MANAGEMENT1 year Filed as: CHANDLER & COMPANY LLP Service code 10 · EIN 85-0336896	Accounting	$9,421

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$50K

$390 / participant

Investment mgmt$50K100.0%

% of EOY assets

1.586%

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: CHANDLER & COMPANY LLP
Auditor EIN: 850336896
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,536

$64,871-49.8%

$129,118-74.8%

$66,938-51.4%

Participation rate

52.0%

74.0%-22.0pp

77.2%-25.3pp

69.8%-17.8pp

Annual return

-11.87%

-12.21%+0.3pp

-10.94%-0.9pp

1.58%-13.4pp

Employer contribution / active EE

$1,516

$3,741-59.5%

$5,051-70.0%

$2,545-40.4%

Participant deferral / active EE

$2,823

$5,090-44.5%

$6,539-56.8%

$4,238-33.4%

Admin fee / account holder

$516

$629-18.0%

$14,305-96.4%

$594-13.1%

Provider

Service type

Compensation

SECURITIES AMERICA INC5 years

Filed as: SECURITIES AMERICA ADVISORS, INC.

Service code 26

190 W HUKKARKER LN #403 · RENO, NY 89511

Advisory (Participants)

$18,626

NEWPORT GROUP, INC.4 years

Service code 15

200 DRYDEN ROAD · DRESHER, PA 19025

Recordkeeping

$10,954

TOUCHSTONE RETIREMENT GROUP, LLC3 years

Filed as: TOUCHSTONE RETIREMENT GROUP

Service code 13 · EIN 45-3210377

500 CORPORATE PARKWAY, STE 108 · AMHERST, NY 14226

Contract Administrator

$9,461

CHANDLER ASSET MANAGEMENT1 year

Filed as: CHANDLER & COMPANY LLP

Service code 10 · EIN 85-0336896

Accounting

$9,421

TRC CONSTRUCTION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRC CONSTRUCTION, INC. 401(K) 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