Retirement plan

SOUTHWEST GLASS & GLAZING, INC. 401(K) PROFIT SHARING PLAN

Name: SOUTHWEST GLASS & GLAZING, INC. - SOUTHWEST GLASS & GLAZING, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: SOUTHWEST GLASS & GLAZING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHWEST GLASS & GLAZING, INC. 401(K) PROFIT SHARING PLAN, SOUTHWEST GLASS & GLAZING, INC.

SOUTHWEST GLASS & GLAZING, INC.EIN 85-0203475Plan #001PY 2023

7301 BLUEWATER RD NW - ALBUQUERQUE, NM 87121505-345-5565LinkedIn51-200 employeesconstruction

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$5.4M

+24.3% from 2022

Total participants

183

+5.8% from 2022

Average account balance

$34,586

+20.2% from 2022

Annual return

15.83%

+28.57 pp from 2022

Benchmarks

See 3,254 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,254 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.65M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

168

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.

80.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$900K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$545

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
STANCORP FINANCIAL GROUP8 years Service code 12 · EIN 93-1253576	Claims processing; Distribution (12b-...	$41,848
PELTIER, GUSTAFSON & MILLER, P.A.6 years Service code 10 · EIN 85-0436347	Accounting	$29,000
SAGE ADVISORY SERVICES3 years Filed as: SAGE POINT FINANCIAL, INC. Service code 27 · EIN 20-1741754	Advisory (Plan)	$14,995
OSAIC WEALTH INC1 year Filed as: OSAIC WEALTH, INC. Service code 27 · EIN 93-0987232	Advisory (Plan)	$5,456

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

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

$91K

$638 / participant

Investment mgmt$20K22.4%
Contract admin$42K45.8%
Other / not subdivided$29K31.8%

% of EOY assets

1.703%

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: PELTIER, GUSTAFSON, & MILLER, P.A.
Auditor EIN: 850436347
Audit fees: $29,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,586

$76,669-54.9%

$96,520-64.2%

$71,495-51.6%

Participation rate

80.4%

66.6%+13.8pp

74.3%+6.1pp

67.9%+12.5pp

Annual return

15.83%

48.29%-32.5pp

35.72%-19.9pp

28.85%-13.0pp

Employer contribution / active EE

$4,048

$3,031+33.6%

$3,739+8.3%

$2,589+56.3%

Participant deferral / active EE

$2,671

$3,771-29.2%

$4,879-45.3%

$4,291-37.8%

Admin fee / account holder

$589

$2,028-71.0%

$6,733-91.3%

$1,588-62.9%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP8 years

Service code 12 · EIN 93-1253576

Claims processing; Distribution (12b-...

$41,848

PELTIER, GUSTAFSON & MILLER, P.A.6 years

Service code 10 · EIN 85-0436347

Accounting

$29,000

SAGE ADVISORY SERVICES3 years

Filed as: SAGE POINT FINANCIAL, INC.

Service code 27 · EIN 20-1741754

Advisory (Plan)

$14,995

OSAIC WEALTH INC1 year

Filed as: OSAIC WEALTH, INC.

Service code 27 · EIN 93-0987232

Advisory (Plan)

$5,456

SOUTHWEST GLASS & GLAZING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHWEST GLASS & GLAZING, INC. 401(K) 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