Retirement plan

THE GOLDFIELD CORPORATION AND SUBSIDIARIES EMPLOYEE SAVINGS AND RETIREMENT PLAN

Name: THE GOLDFIELD CORPORATION - THE GOLDFIELD CORPORATION AND SUBSIDIARIES EMPLOYEE SAVINGS AND RETIREMENT PLAN (2016) Form 5500
Creator: THE GOLDFIELD CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE GOLDFIELD CORPORATION AND SUBSIDIARIES EMPLOYEE SAVINGS AND RETIREMENT PLAN, THE GOLDFIELD CORPORATION

THE GOLDFIELD CORPORATIONEIN 88-0031580Plan #001PY 2016

1684 WEST HIBISCUS BLVD - MELBOURNE, FL 32901321-724-1700

Prospect flagsHigh feesLow participationRecently reached 100 employeesCorrective distributions

How to read this page

Total assets (EOY)

$7.6M

+12.6% from 2015

Total participants

182

+20.5% from 2015

Average account balance

$75,359

+3.7% from 2015

Annual return

8.32%

+9.13 pp from 2015

Benchmarks

See 245 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants100-249

Cohort245 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.02M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

624

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.

79.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$130

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 4 by compensation

Provider	Service type	Compensation
NFP RETIREMENT INC1 year Filed as: NFP RETIREMENT INC DBA 401K ADVISOR Service code 27 120 VANTIS STE 400 · ALISO VIEJO, CA 926562689	Advisory (Plan)	$18,866
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$17,444
ERISA FIDUCIARY ADVISORS, INC.2+ years Service code 27 1160 BIRCHWOOD ROAD · WESTON, FL 33327	Advisory (Plan)	$5,687
PENSION ASSURANCE LLP1 year Filed as: THE PENSION STUDIO, LLC Service code 13 1226 OMAR RD · WEST PALM BEACH, FL 33405	Contract Administrator	$1,775

Plan features & details

Pension benefit codes2F2G2J2K3D3H3F2T

Plan features

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$42K

$244 / participant

Investment mgmt$25K58.4%
Contract admin$17K41.3%
Other / not subdivided$1500.4%

% of EOY assets

0.555%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SCHAFER, TSCHOPP, WHITCOMB, MITCHEL
Auditor EIN: 261472386
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,359

$56,171+34.2%

$108,745-30.7%

$55,167+36.6%

Participation rate

53.2%

70.7%-17.5pp

77.7%-24.5pp

69.0%-15.8pp

Annual return

8.32%

214.86%-206.5pp

46.22%-37.9pp

169.23%-160.9pp

Employer contribution / active EE

$1,641

$2,153-23.8%

$3,323-50.6%

$1,963-16.4%

Participant deferral / active EE

$4,744

$3,437+38.0%

$5,121-7.4%

$3,054+55.3%

Admin fee / account holder

$418

$302+38.7%

$6,144-93.2%

$504-17.0%

Provider

Service type

Compensation

NFP RETIREMENT INC1 year

Filed as: NFP RETIREMENT INC DBA 401K ADVISOR

Service code 27

120 VANTIS STE 400 · ALISO VIEJO, CA 926562689

Advisory (Plan)

$18,866

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$17,444

ERISA FIDUCIARY ADVISORS, INC.2+ years

Service code 27

1160 BIRCHWOOD ROAD · WESTON, FL 33327

Advisory (Plan)

$5,687

PENSION ASSURANCE LLP1 year

Filed as: THE PENSION STUDIO, LLC

Service code 13

1226 OMAR RD · WEST PALM BEACH, FL 33405

Contract Administrator

$1,775

THE GOLDFIELD CORPORATION AND SUBSIDIARIES EMPLOYEE SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE GOLDFIELD CORPORATION AND SUBSIDIARIES EMPLOYEE SAVINGS AND RETIREMENT 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