Retirement plan

SUNTEC CONCRETE, INC. 401(K) PROFIT SHARING PLAN

Name: SUNTEC CONCRETE, INC. - SUNTEC CONCRETE, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: SUNTEC CONCRETE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUNTEC CONCRETE, INC. 401(K) PROFIT SHARING PLAN, SUNTEC CONCRETE, INC.

SUNTEC CONCRETE, INC.EIN 86-0864047Plan #001PY 2020

23751 N. 23RD AVE., #175 - PHOENIX, AZ 85085602-997-0937suntecconcrete.comLinkedIn1001-5000 employeesconstruction

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$103.3M

+19.9% from 2019

Total participants

1,218

+26.7% from 2019

Average account balance

$87,153

-6.6% from 2019

Annual return

10.70%

-8.47 pp from 2019

Benchmarks

See 458 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort458 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$156.04M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

1,828

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.

95.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$104

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290	Contract Administrator	$70,487
FIDUCIARY WISE, LLC2 years Filed as: FIDUCIARY WISE Service code 27 · EIN 81-3799174	Advisory (Plan)	$35,000
LEAFHOUSE FINANCIAL ADVISORS, LLC1 year Filed as: LEAFHOUSE FINANCIAL ADVISORS Service code 27 · EIN 26-4311657	Advisory (Plan)	$30,369
MATTHEWS, GOLD, KENNEDY & SNOW, INC6+ years Service code 49 · EIN 86-1001235 6530 N. 16TH STREET · PHOENIX, AZ 85016	Other Services	$24,919
LINCOLN NATIONAL CORPORATION1 year Filed as: LINCOLN FINANCIAL ADVISORS CORP Service code 27 · EIN 35-1199729	Advisory (Plan)	$20,755

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

2 tripped

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

$157K

$150 / participant

Contract admin$157K100.0%

% of EOY assets

0.152%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Qualified opinion

The opinion is qualified. A specific issue limited the scope or accuracy of the audit.

Auditor firm: MANSPERGER, PATTERSON & MCMULLIN
Auditor EIN: 860751928
Audit fees: (not subdivided)
Opinion code: Qualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,153

$81,719+6.6%

$101,248-13.9%

$90,288-3.5%

Participation rate

96.9%

80.7%+16.1pp

75.8%+21.0pp

73.4%+23.5pp

Annual return

10.70%

337.64%-326.9pp

46.47%-35.8pp

53.97%-43.3pp

Employer contribution / active EE

$7,885

$3,622+117.7%

$3,660+115.5%

$2,524+212.4%

Participant deferral / active EE

$3,642

$3,310+10.0%

$4,370-16.7%

$4,232-13.9%

Admin fee / account holder

$133

$162-18.0%

$5,945-97.8%

$114+16.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$70,487

FIDUCIARY WISE, LLC2 years

Filed as: FIDUCIARY WISE

Service code 27 · EIN 81-3799174

Advisory (Plan)

$35,000

LEAFHOUSE FINANCIAL ADVISORS, LLC1 year

Filed as: LEAFHOUSE FINANCIAL ADVISORS

Service code 27 · EIN 26-4311657

Advisory (Plan)

$30,369

MATTHEWS, GOLD, KENNEDY & SNOW, INC6+ years

Service code 49 · EIN 86-1001235

6530 N. 16TH STREET · PHOENIX, AZ 85016

Other Services

$24,919

LINCOLN NATIONAL CORPORATION1 year

Filed as: LINCOLN FINANCIAL ADVISORS CORP

Service code 27 · EIN 35-1199729

Advisory (Plan)

$20,755

SUNTEC CONCRETE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUNTEC CONCRETE, 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