Retirement plan

NQS DRILLING & BLASTING 401(K) PLAN

Name: NQS DRILLING & BLASTING - NQS DRILLING & BLASTING 401(K) PLAN (2023) Form 5500
Creator: NQS DRILLING & BLASTING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NQS DRILLING & BLASTING 401(K) PLAN, NQS DRILLING & BLASTING

NQS DRILLING & BLASTINGEIN 85-2909635Plan #001PY 2023

4570 FRYE BRIDGE RD - CLEMMONS, NC 27012336-467-0968nqsdrillingandblasting.comLinkedIn11-50 employeesmining & metals

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$79K

+104.0% from 2022

Total participants

-46.2% from 2022

Average account balance

$15,797

+63.2% from 2022

Annual return

25.40%

+25.40 pp from 2022

Benchmarks

See 1,611 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants<25

Cohort1,611 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$172K

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$92K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$941

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 codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$526

$75 / participant

Other / not subdivided$526100.0%

% of EOY assets

0.666%

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

$15,797

$192,829-91.8%

$142,516-88.9%

$139,466-88.7%

Participation rate

71.4%

81.4%-10.0pp

76.8%-5.3pp

80.3%-8.9pp

Annual return

25.40%

17.99%+7.4pp

19.99%+5.4pp

373.66%-348.3pp

Employer contribution / active EE

$1,896

$5,808-67.4%

$4,849-60.9%

$4,754-60.1%

Participant deferral / active EE

$2,453

$7,200-65.9%

$6,280-60.9%

$6,712-63.5%

Admin fee / account holder

$105

$15,120-99.3%

$10,008-98.9%

$11,409-99.1%

NQS DRILLING & BLASTING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NQS DRILLING & BLASTING 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