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 (2022) 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 2022

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$29.8M

-15.8% from 2021

Total participants

180

+1.1% from 2021

Average account balance

$196,120

-15.2% from 2021

Annual return

-19.12%

-31.03 pp from 2021

Benchmarks

See 2,998 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,998 peers

Snapshot2022

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
CENTAURUS FINANCIAL INC8+ years Filed as: CENTAURUS FINANCIAL, INC. Service code 27 2777 PARADISE RD · LAS VEGAS, NV 89109	Advisory (Plan)	$50,000
NEWPORT GROUP, INC.7 years Service code 15 · EIN 27-2037969	Recordkeeping	$30,705
OVIST & HOWARD, CPA'S2 years Service code 10 · EIN 88-0183378	Accounting	$13,500

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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$94K

$568 / participant

Investment mgmt$50K53.1%
Contract admin$31K32.6%
Other / not subdivided$14K14.3%

% of EOY assets

0.316%

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 CPA'S
Auditor EIN: 880183378
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$196,120

$64,176+205.6%

$112,249+74.7%

$66,938+193.0%

Participation rate

83.1%

68.4%+14.7pp

75.1%+8.1pp

69.8%+13.3pp

Annual return

-19.12%

-13.80%-5.3pp

27.48%-46.6pp

1.58%-20.7pp

Employer contribution / active EE

$10,009

$3,007+232.9%

$3,636+175.3%

$2,545+293.3%

Participant deferral / active EE

$6,247

$3,694+69.1%

$4,729+32.1%

$4,238+47.4%

Admin fee / account holder

$620

$626-1.0%

$6,412-90.3%

$594+4.4%

Provider

Service type

Compensation

CENTAURUS FINANCIAL INC8+ years

Filed as: CENTAURUS FINANCIAL, INC.

Service code 27

2777 PARADISE RD · LAS VEGAS, NV 89109

Advisory (Plan)

$50,000

NEWPORT GROUP, INC.7 years

Service code 15 · EIN 27-2037969

Recordkeeping

$30,705

OVIST & HOWARD, CPA'S2 years

Service code 10 · EIN 88-0183378

Accounting

$13,500

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