Retirement plan

CONSTRUCTORS, INCORPORATED 401(K) PLAN

Name: CONSTRUCTORS INCORPORATED - CONSTRUCTORS, INCORPORATED 401(K) PLAN (2024) Form 5500
Creator: CONSTRUCTORS INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONSTRUCTORS, INCORPORATED 401(K) PLAN, CONSTRUCTORS INCORPORATED

CONSTRUCTORS INCORPORATEDEIN 85-0135619Plan #001PY 2024

3003 S BOYD DRIVE - CARLSBAD, NM 88220575-885-8838ciconstructors.comLinkedIn201-500 employeesconstruction

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.6M

+24.2% from 2023

Total participants

407

+0.7% from 2023

Average account balance

$34,824

+17.7% from 2023

Annual return

9.02%

+9.74 pp from 2023

Benchmarks

See 1,561 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,561 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.59M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

304

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.

62.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$959K

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

+9.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$240

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS5 years Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399	Recordkeeping	$55,050
PENSION ASSURANCE LLP9+ years Filed as: PENSION PLANNING CONSULTANTS, INC. Service code 15 · EIN 85-0402842	Recordkeeping	$10,650
LEAFHOUSE FINANCIAL ADVISORS, LLC5 years Service code 27 · EIN 26-4311657	Advisory (Plan)	$5,545
CETERA ADVISOR NETWORKS LLC1 year Filed as: CETERA FINANCIAL GROUP 30-0588666 Service code 22	Insurance Broker	$3,211
CI CONSTRUCTORS SERVICES INC1 year Filed as: CI CONSTRUCTION SERVICES INC Service code 35 · EIN 38-3985677	Employee (plan sponsor)	$1,833
CETERA ADVISOR NETWORKS LLC1 year Filed as: CETERA FINANCIAL GROUP Service code 22 · EIN 30-0588666	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2U3D3H

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.
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

3 tripped

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

$73K

$268 / participant

Contract admin$73K100.0%

% of EOY assets

0.690%

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: WHITLEY PENN LLP
Auditor EIN: 752393478
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,824

$83,023-58.1%

$102,437-66.0%

$77,762-55.2%

Participation rate

62.3%

71.5%-9.3pp

74.5%-12.2pp

70.6%-8.3pp

Annual return

9.02%

19.12%-10.1pp

24.95%-15.9pp

31.27%-22.2pp

Employer contribution / active EE

$1,387

$3,552-61.0%

$3,871-64.2%

$2,728-49.2%

Participant deferral / active EE

$2,126

$4,110-48.3%

$5,060-58.0%

$4,651-54.3%

Admin fee / account holder

$240

$639-62.4%

$8,388-97.1%

$433-44.5%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS5 years

Filed as: TRANSAMERICA FINANCIAL LIFE INS CO

Service code 15 · EIN 36-6071399

Recordkeeping

$55,050

PENSION ASSURANCE LLP9+ years

Filed as: PENSION PLANNING CONSULTANTS, INC.

Service code 15 · EIN 85-0402842

Recordkeeping

$10,650

LEAFHOUSE FINANCIAL ADVISORS, LLC5 years

Service code 27 · EIN 26-4311657

Advisory (Plan)

$5,545

CETERA ADVISOR NETWORKS LLC1 year

Filed as: CETERA FINANCIAL GROUP 30-0588666

Service code 22

Insurance Broker

$3,211

CI CONSTRUCTORS SERVICES INC1 year

Filed as: CI CONSTRUCTION SERVICES INC

Service code 35 · EIN 38-3985677

Employee (plan sponsor)

$1,833

CETERA ADVISOR NETWORKS LLC1 year

Filed as: CETERA FINANCIAL GROUP

Service code 22 · EIN 30-0588666

Insurance Broker

CONSTRUCTORS, INCORPORATED 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONSTRUCTORS, INCORPORATED 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