Retirement plan

DALE MCGHEE & SONS WELL DRILLING, INC. 401(K) PROFIT SHARING PLAN

Name: DALE MCGHEE & SONS WELL DRILLING, INC. - DALE MCGHEE & SONS WELL DRILLING, INC. 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: DALE MCGHEE & SONS WELL DRILLING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DALE MCGHEE & SONS WELL DRILLING, INC. 401(K) PROFIT SHARING PLAN, DALE MCGHEE & SONS WELL DRILLING, INC.

DALE MCGHEE & SONS WELL DRILLING, INC.EIN 91-1049602Plan #003PY 2019

4501 PLEASANT HILL ROAD - KELSO, WA 98626360-430-5233dalemcgheewelldrilling.comLinkedIn1-10 employeesconstruction

Prospect flagsLow returnsHigh feesHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$2.6M

+6.6% from 2018

Total participants

+25.0% from 2018

Average account balance

$292,201

-17.1% from 2018

Annual return

1.32%

-13.22 pp from 2018

Benchmarks

See 40,726 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort40,726 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.15M

Not enough data

1 years with asset history on file

Average account balance

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

$512K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$362K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+10.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2997

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G3D2F2T

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.
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

4 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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$69K

$6890 / participant

Other / not subdivided$69K100.0%

% of EOY assets

2.620%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$292,201

$107,368+172.1%

$92,915+214.5%

$152,909+91.1%

Participation rate

90.0%

79.8%+10.2pp

76.0%+14.0pp

82.5%+7.5pp

Annual return

1.32%

145.64%-144.3pp

109.45%-108.1pp

345.46%-344.1pp

Employer contribution / active EE

$15,411

$4,222+265.0%

$3,653+321.8%

$4,764+223.5%

Participant deferral / active EE

$2,922

$4,848-39.7%

$4,238-31.1%

$5,851-50.1%

Admin fee / account holder

$7,656

$7,082+8.1%

$5,796+32.1%

$11,601-34.0%

DALE MCGHEE & SONS WELL DRILLING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DALE MCGHEE & SONS WELL DRILLING, INC. 401(K) 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