Retirement plan

WADSWORTH BROTHERS CONSTRUCTION CO., INC. PROFIT SHARING PLAN

Name: WADSWORTH BROTHERS CONSTRUCTION CO., INC. - WADSWORTH BROTHERS CONSTRUCTION CO., INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: WADSWORTH BROTHERS CONSTRUCTION CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WADSWORTH BROTHERS CONSTRUCTION CO., INC. PROFIT SHARING PLAN, WADSWORTH BROTHERS CONSTRUCTION CO., INC.

WADSWORTH BROTHERS CONSTRUCTION CO., INC.EIN 87-0484162Plan #003PY 2024

1350 EAST DRAPER PARKWAY - DRAPER, UT 84020801-576-1453wadsbro.comLinkedIn201-500 employeesconstruction

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$24.6M

+17.9% from 2023

Total participants

747

+1.2% from 2023

Average account balance

$34,112

+18.9% from 2023

Annual return

12.70%

-4.11 pp from 2023

Benchmarks

See 1,563 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,563 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.59M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

721

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.

92.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-46

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 2 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY3 years Service code 55 · EIN 26-4310632	Other Commissions	$41,096
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 37 · EIN 04-2647786	Loan Processing	-$33,299

Plan features & details

Pension benefit codes2E2D2G2R2A2T3D

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).
2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ANDERSON BRADSHAW PLLC
Auditor EIN: 455533242
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,112

$82,979-58.9%

$102,383-66.7%

$77,714-56.1%

Participation rate

92.5%

71.5%+21.0pp

74.5%+18.0pp

70.6%+21.9pp

Annual return

12.70%

19.11%-6.4pp

24.94%-12.2pp

31.26%-18.6pp

Employer contribution / active EE

$9,101

$3,554+156.1%

$3,870+135.2%

$2,727+233.8%

Participant deferral / active EE

$4,109-100.0%

$5,060-100.0%

$4,649-100.0%

Admin fee / account holder

-$46

$639-107.2%

$8,391-100.6%

$433-110.7%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3 years

Service code 55 · EIN 26-4310632

Other Commissions

$41,096

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 37 · EIN 04-2647786

Loan Processing

-$33,299

WADSWORTH BROTHERS CONSTRUCTION CO., INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WADSWORTH BROTHERS CONSTRUCTION CO., INC. 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