Retirement plan

ADOBE DRYWALL, L.L.C. 401(K) PLAN

Name: ADOBE DRYWALL, L.L.C. - ADOBE DRYWALL, L.L.C. 401(K) PLAN (2022) Form 5500
Creator: ADOBE DRYWALL, L.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADOBE DRYWALL, L.L.C. 401(K) PLAN, ADOBE DRYWALL, L.L.C.

ADOBE DRYWALL, L.L.C.EIN 86-1011468Plan #001PY 2022

5213 S. 30TH STREET, SUITE B200 - PHOENIX, AZ 85040602-243-9097adobedrywall.comLinkedIn201-500 employeesconstruction

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$4.5M

-12.8% from 2021

Total participants

209

-29.6% from 2021

Average account balance

$26,709

+25.8% from 2021

Annual return

-17.48%

-31.19 pp from 2021

Benchmarks

See 3,001 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,001 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.15M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

241

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.

85.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$570K

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

+16.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$150

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 3 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES2 years Service code 27	Advisory (Plan)	$23,168
EDBERG & PERRY INC3 years Filed as: EDBERG PERRY LLC Service code 13 · EIN 83-2658560	Contract Administrator	$3,450
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64	Recordkeeping Fees	$600

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$27K

$146 / participant

Contract admin$23K85.1%
Other / not subdivided$4K14.9%

% of EOY assets

0.610%

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: MANSPERGER PATTERSON & MCMULLIN PLC
Auditor EIN: 860751928
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,709

$64,138-58.4%

$112,258-76.2%

$66,930-60.1%

Participation rate

77.4%

68.5%+9.0pp

75.1%+2.4pp

69.8%+7.6pp

Annual return

-17.48%

-13.81%-3.7pp

27.47%-44.9pp

1.57%-19.1pp

Employer contribution / active EE

$837

$3,006-72.2%

$3,636-77.0%

$2,545-67.1%

Participant deferral / active EE

$2,036

$3,694-44.9%

$4,728-56.9%

$4,238-52.0%

Admin fee / account holder

$163

$625-73.9%

$6,411-97.5%

$593-72.5%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES2 years

Service code 27

Advisory (Plan)

$23,168

EDBERG & PERRY INC3 years

Filed as: EDBERG PERRY LLC

Service code 13 · EIN 83-2658560

Contract Administrator

$3,450

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

Recordkeeping Fees

$600

ADOBE DRYWALL, L.L.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADOBE DRYWALL, L.L.C. 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