Retirement plan

EMPLOYEE BENEFIT PLAN OF NICHOLS CONCRETE HOLDINGS LLC

Name: NICHOLS CONCRETE HOLDINGS LLC - EMPLOYEE BENEFIT PLAN OF NICHOLS CONCRETE HOLDINGS LLC (2023) Form 5500
Creator: NICHOLS CONCRETE HOLDINGS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF NICHOLS CONCRETE HOLDINGS LLC, NICHOLS CONCRETE HOLDINGS LLC

NICHOLS CONCRETE HOLDINGS LLCEIN 84-4539703Plan #002PY 2023

204 CLOVERDALE CIR - ALABASTER, AL 350074646205-216-0220nicholsconcrete.comLinkedIn11-50 employeesconstruction

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2M

-19.7% from 2022

Total participants

-7.7% from 2022

Average account balance

$34,030

-14.2% from 2022

Annual return

8.98%

+23.00 pp from 2022

Benchmarks

See 18,032 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,032 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.05M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

111

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.

156.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$198K

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

+9.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4403

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T

Plan features

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$956K

$18383 / participant

Other / not subdivided$956K100.0%

% of EOY assets

48.432%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,030

$73,988-54.0%

$96,538-64.7%

$75,177-54.7%

Participation rate

73.1%

66.4%+6.6pp

74.3%-1.3pp

67.2%+5.9pp

Annual return

8.98%

26.73%-17.7pp

35.74%-26.8pp

160.75%-151.8pp

Employer contribution / active EE

$1,425

$2,930-51.4%

$3,740-61.9%

$2,671-46.7%

Participant deferral / active EE

$3,368

$3,660-8.0%

$4,880-31.0%

$4,126-18.4%

Admin fee / account holder

$16,482

$5,220+215.8%

$6,737+144.6%

$5,651+191.6%

EMPLOYEE BENEFIT PLAN OF NICHOLS CONCRETE HOLDINGS LLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF NICHOLS CONCRETE HOLDINGS LLC

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