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 (2020) 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 2020

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

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$31.6M

+15.8% from 2019

Total participants

183

-8.0% from 2019

Average account balance

$202,882

+21.0% from 2019

Annual return

17.05%

-2.41 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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 3 by compensation

Provider	Service type	Compensation
CENTAURAUS FINANCIAL, INC.3 years Service code 27 200 HOOVER AVE. · LAS VEGAS, NV 89101	Advisory (Plan)	$50,000
NEWPORT GROUP, INC.5 years Service code 15 · EIN 27-2037969	Recordkeeping	$34,451
OVIST & HOWARD, CPA'S1 year Filed as: OVIST & HOWARD CPA'S Service code 10 · EIN 88-0183378	Accounting	$11,007

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

2 tripped

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).

Expense breakdown

Schedule H Part II

Admin total

$95K

$568 / participant

Investment mgmt$50K52.4%
Contract admin$34K36.1%
Other / not subdivided$11K11.5%

% of EOY assets

0.302%

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: OVIST & HOWARD, CPAS
Auditor EIN: 880183378
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$202,882

$69,383+192.4%

$101,271+100.3%

$73,493+176.1%

Participation rate

83.9%

68.4%+15.6pp

75.8%+8.1pp

70.7%+13.2pp

Annual return

17.05%

18.46%-1.4pp

46.48%-29.4pp

28.51%-11.5pp

Employer contribution / active EE

$9,202

$2,628+250.1%

$3,660+151.4%

$2,270+305.4%

Participant deferral / active EE

$6,409

$3,301+94.2%

$4,371+46.6%

$3,740+71.4%

Admin fee / account holder

$612

$704-13.1%

$5,948-89.7%

$513+19.3%

Provider

Service type

Compensation

CENTAURAUS FINANCIAL, INC.3 years

Service code 27

200 HOOVER AVE. · LAS VEGAS, NV 89101

Advisory (Plan)

$50,000

NEWPORT GROUP, INC.5 years

Service code 15 · EIN 27-2037969

Recordkeeping

$34,451

OVIST & HOWARD, CPA'S1 year

Filed as: OVIST & HOWARD CPA'S

Service code 10 · EIN 88-0183378

Accounting

$11,007

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