Retirement plan

JOBE MATERIALS, LP 401(K) PLAN

Name: JOBE MATERIALS, LP - JOBE MATERIALS, LP 401(K) PLAN (2019) Form 5500
Creator: JOBE MATERIALS, LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOBE MATERIALS, LP 401(K) PLAN, JOBE MATERIALS, LP

JOBE MATERIALS, LPEIN 86-1133407Plan #001PY 2019

1150 SOUTHVIEW DR. - EL PASO, TX 79928915-298-9900jobeconcrete.comLinkedIn201-500 employees

Prospect flagsLow returnsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$13.6M

+27.3% from 2018

Total participants

463

+5.5% from 2018

Average account balance

$35,732

+16.0% from 2018

Annual return

18.35%

+24.99 pp from 2018

Benchmarks

See 205 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants250-999

Cohort205 peers

Snapshot2019

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Analytics

Total assets (EOY)

Plan-year ending balance

$19.55M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

413

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.

71.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.87M

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

+12.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$415

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
NATIONWIDE5+ years Service code 19 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Securities Custodian	$107,527
M HOLDINGS SECURITIES INC3 years Filed as: M HOLDINGS SECURITIES, INC. Service code 22	Insurance Broker	$46,841
INWEST RETIREMENT SOLUTIONS5+ years Service code 13 4305 N. GARFIELD, STE 202 · MIDLAND, TX 79705	Contract Administrator	$46,256
JP MORGAN INVESTMENT MANAGEMENT INC5+ years Filed as: MEEDER ADVISORY SERVICES, INC Service code 26 6125 MEMORIAL DRIVE · DUBLIN, OH 43017	Advisory (Participants)	$19,393
M HOLDINGS SECURITIES INC5+ years Filed as: M HOLDINGS SECURITIES, INC Service code 22 1125 W COUCH ST #900 · PORTLAND, OR 97209	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$144K

$338 / participant

Investment mgmt$111K77.0%
Contract admin$33K23.0%

% of EOY assets

1.056%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: STOCKTON, SCURRY & SMITH
Auditor EIN: 742043108
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,732

$72,658-50.8%

$127,761-72.0%

$67,579-47.1%

Participation rate

81.0%

80.0%+1.0pp

79.0%+2.0pp

71.3%+9.7pp

Annual return

18.35%

26.49%-8.1pp

26.14%-7.8pp

378.56%-360.2pp

Employer contribution / active EE

$1,391

$3,988-65.1%

$4,574-69.6%

$2,148-35.2%

Participant deferral / active EE

$1,963

$5,383-63.5%

$6,021-67.4%

$3,539-44.5%

Admin fee / account holder

$377

$127+197.1%

$9,395-96.0%

$142+165.1%

Provider

Service type

Compensation

NATIONWIDE5+ years

Service code 19

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Securities Custodian

$107,527

M HOLDINGS SECURITIES INC3 years

Filed as: M HOLDINGS SECURITIES, INC.

Service code 22

Insurance Broker

$46,841

INWEST RETIREMENT SOLUTIONS5+ years

Service code 13

4305 N. GARFIELD, STE 202 · MIDLAND, TX 79705

Contract Administrator

$46,256

JP MORGAN INVESTMENT MANAGEMENT INC5+ years

Filed as: MEEDER ADVISORY SERVICES, INC

Service code 26

6125 MEMORIAL DRIVE · DUBLIN, OH 43017

Advisory (Participants)

$19,393

M HOLDINGS SECURITIES INC5+ years

Filed as: M HOLDINGS SECURITIES, INC

Service code 22

1125 W COUCH ST #900 · PORTLAND, OR 97209

Insurance Broker

JOBE MATERIALS, LP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JOBE MATERIALS, LP 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