Retirement plan

MCDONALD EXCAVATING, INC. UNION 401(K) RETIREMENT SAVINGS PLAN

Name: MCDONALD EXCAVATING, INC. - MCDONALD EXCAVATING, INC. UNION 401(K) RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: MCDONALD EXCAVATING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCDONALD EXCAVATING, INC. UNION 401(K) RETIREMENT SAVINGS PLAN, MCDONALD EXCAVATING, INC.

MCDONALD EXCAVATING, INC.EIN 91-1545806Plan #004PY 2024

4120 S LINCOLN ST - WASHOUGAL, WA 98671360-835-8794mcdonaldexcavatinginc.comLinkedIn11-50 employeesconstruction

Other plans on this EIN

1 filing

#003Retirement-$2.2M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$494K

+47.8% from 2023

Total participants

+52.6% from 2023

Average account balance

$38,024

+47.8% from 2023

Annual return

22.92%

-26.57 pp from 2023

Benchmarks

See 18,526 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,526 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$494K

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

52.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$83K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+22.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$260

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 codes2F2G2J2T3D2E

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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$3K

$135 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.683%

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

$38,024

$81,504-53.3%

$102,437-62.9%

$80,959-53.0%

Participation rate

36.0%

66.9%-30.9pp

74.5%-38.5pp

67.7%-31.7pp

Annual return

22.92%

25.60%-2.7pp

24.95%-2.0pp

35.67%-12.7pp

Employer contribution / active EE

$3,104-100.0%

$3,871-100.0%

$2,757-100.0%

Participant deferral / active EE

$3,334

$3,871-13.9%

$5,060-34.1%

$4,300-22.5%

Admin fee / account holder

$260

$6,719-96.1%

$8,388-96.9%

$6,925-96.3%

MCDONALD EXCAVATING, INC. UNION 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCDONALD EXCAVATING, INC. UNION 401(K) RETIREMENT SAVINGS 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