Retirement plan

CENTRAL WASHINGTON ASPHALT, INC. RETIREMENT PLAN

Name: CENTRAL WASHINGTON ASPHALT, INC. - CENTRAL WASHINGTON ASPHALT, INC. RETIREMENT PLAN (2023) Form 5500
Creator: CENTRAL WASHINGTON ASPHALT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL WASHINGTON ASPHALT, INC. RETIREMENT PLAN, CENTRAL WASHINGTON ASPHALT, INC.

CENTRAL WASHINGTON ASPHALT, INC.EIN 91-1178142Plan #003PY 2023

P.O. BOX 939 - MOSES LAKE, WA 98837509-765-5757cwainc.usLinkedIn11-50 employeesconstruction

Prospect flagsLow returnsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.5M

+21.8% from 2022

Total participants

436

+18.8% from 2022

Average account balance

$25,821

+0.4% from 2022

Annual return

9.41%

+25.89 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.65M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

496

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$165

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 6 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS INST OPS CO. Service code 37 · EIN 04-2647786	Loan Processing	$26,669
ERICKSON DEMEL & ASSOCIATES PLLC1 year Service code 10 · EIN 87-1577252	Accounting	$14,000
NORTHWESTERN MUTUAL INVESTMENT SERV1 year Filed as: NORTHWESTERN MUTUAL WEALTH MGMT CO. Service code 27 · EIN 39-2018056	Advisory (Plan)	$13,729
ECONOMIC GROUP PENSION SERVICES1 year Service code 16 · EIN 13-3180178	Consulting	$10,293
STRATEGIC ADVISORS, INC.1 year Filed as: STRATEGIC ADVISORS INC. Service code 27 · EIN 04-2654524	Advisory (Plan)	$1,165
FRINGE BENEFIT GROUP1 year Filed as: FRINGE BENEFIT GROUP INC. Service code 10 · EIN 74-2124394	Accounting	$500

Plan features & details

Pension benefit codes2A2E2J2K2F2G2R3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$66K

$188 / participant

Contract admin$66K100.0%

% of EOY assets

0.635%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSENALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,821

$93,010-72.2%

$96,538-73.3%

$74,473-65.3%

Participation rate

91.2%

71.6%+19.7pp

74.3%+16.9pp

70.7%+20.5pp

Annual return

9.41%

37.50%-28.1pp

35.74%-26.3pp

34.36%-24.9pp

Employer contribution / active EE

$7,023

$3,427+104.9%

$3,740+87.8%

$2,638+166.2%

Participant deferral / active EE

$3,512

$3,971-11.5%

$4,880-28.0%

$4,530-22.5%

Admin fee / account holder

$164

$633-74.1%

$6,737-97.6%

$347-52.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS INST OPS CO.

Service code 37 · EIN 04-2647786

Loan Processing

$26,669

ERICKSON DEMEL & ASSOCIATES PLLC1 year

Service code 10 · EIN 87-1577252

Accounting

$14,000

NORTHWESTERN MUTUAL INVESTMENT SERV1 year

Filed as: NORTHWESTERN MUTUAL WEALTH MGMT CO.

Service code 27 · EIN 39-2018056

Advisory (Plan)

$13,729

ECONOMIC GROUP PENSION SERVICES1 year

Service code 16 · EIN 13-3180178

Consulting

$10,293

STRATEGIC ADVISORS, INC.1 year

Filed as: STRATEGIC ADVISORS INC.

Service code 27 · EIN 04-2654524

Advisory (Plan)

$1,165

FRINGE BENEFIT GROUP1 year

Filed as: FRINGE BENEFIT GROUP INC.

Service code 10 · EIN 74-2124394

Accounting

$500

CENTRAL WASHINGTON ASPHALT, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL WASHINGTON ASPHALT, INC. 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