Retirement plan

LAS VEGAS PAVING CORPORATION PROFIT SHARING AND 401(K) PLAN

Name: LAS VEGAS PAVING CORPORATION - LAS VEGAS PAVING CORPORATION PROFIT SHARING AND 401(K) PLAN (2024) Form 5500
Creator: LAS VEGAS PAVING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAS VEGAS PAVING CORPORATION PROFIT SHARING AND 401(K) PLAN, LAS VEGAS PAVING CORPORATION

LAS VEGAS PAVING CORPORATIONEIN 88-0072823Plan #001PY 2024

4420 SOUTH DECATUR BLVD. - LAS VEGAS, NV 89103702-251-5800lasvegaspaving.comLinkedIn501-1000 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$37.7M

+17.6% from 2023

Total participants

198

+3.7% from 2023

Average account balance

$241,455

+15.4% from 2023

Annual return

13.40%

-2.11 pp from 2023

Benchmarks

See 3,450 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,450 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.67M

Not enough data

1 years with asset history on file

Average account balance

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

$241K

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.

156

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.

76.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$623

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
LPL FINANCIAL1 year Service code 27 1980 FESTIVAL PLAZA DRIVE · LAS VEGAS, NV 89135	Advisory (Plan)	$37,500
NEWPORT GROUP, INC.9 years Service code 15 · EIN 27-2037969	Recordkeeping	$21,777
OVIST & HOWARD, CPA'S4 years Service code 10 7 COMMERCE CENTER DR · HENDERSON, NV 89014	Accounting	$15,000
CENTAURUS FINANCIAL INC10+ years Filed as: CENTAURUS FINANCIAL, INC. Service code 27 2777 PARADISE RD · LAS VEGAS, NV 89109	Advisory (Plan)	$12,500
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131	Trustee (discretionary); Trustee (dir...	$10,460

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$97K

$540 / participant

Recordkeeping$7K7.1%
Trustee / custodial$10K10.8%
Investment mgmt$50K51.4%
Contract admin$15K15.2%
Other / not subdivided$15K15.4%

% of EOY assets

0.258%

all-in expense ratio

Categories reported

4 / 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: OVIST & HOWARD CPA'S
Auditor EIN: 880183378
Audit fees: $15,000
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$241,455

$80,731+199.1%

$103,374+133.6%

$74,546+223.9%

Participation rate

76.7%

65.7%+11.0pp

74.5%+2.2pp

67.2%+9.5pp

Annual return

13.40%

27.56%-14.2pp

24.89%-11.5pp

1366.03%-1352.6pp

Employer contribution / active EE

$9,217

$3,158+191.9%

$3,869+138.2%

$2,624+251.2%

Participant deferral / active EE

$6,177

$3,860+60.0%

$5,058+22.1%

$4,347+42.1%

Admin fee / account holder

$623

$2,369-73.7%

$8,394-92.6%

$1,944-67.9%

Provider

Service type

Compensation

LPL FINANCIAL1 year

Service code 27

1980 FESTIVAL PLAZA DRIVE · LAS VEGAS, NV 89135

Advisory (Plan)

$37,500

NEWPORT GROUP, INC.9 years

Service code 15 · EIN 27-2037969

Recordkeeping

$21,777

OVIST & HOWARD, CPA'S4 years

Service code 10

7 COMMERCE CENTER DR · HENDERSON, NV 89014

Accounting

$15,000

CENTAURUS FINANCIAL INC10+ years

Filed as: CENTAURUS FINANCIAL, INC.

Service code 27

2777 PARADISE RD · LAS VEGAS, NV 89109

Advisory (Plan)

$12,500

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 27-4411131

Trustee (discretionary); Trustee (dir...

$10,460

LAS VEGAS PAVING CORPORATION PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAS VEGAS PAVING CORPORATION PROFIT SHARING AND 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