Retirement plan

NORTH SANTIAM PAVING CO. 401(K) PROFIT SHARING PLAN

Name: NORTH SANTIAM PAVING COMPANY - NORTH SANTIAM PAVING CO. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: NORTH SANTIAM PAVING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH SANTIAM PAVING CO. 401(K) PROFIT SHARING PLAN, NORTH SANTIAM PAVING COMPANY

NORTH SANTIAM PAVING COMPANYEIN 93-0627856Plan #003PY 2024

P.O. BOX 516 - STAYTON, OR 97383503-769-3436nspor.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.4M

+18.5% from 2023

Total participants

107

-7.8% from 2023

Average account balance

$91,966

+31.3% from 2023

Annual return

15.22%

+23.93 pp from 2023

Benchmarks

See 18,536 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,536 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.68M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

109

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.

94.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$820K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+9.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$696

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
ALDRICH WEALTH LIMITED PARTNERSHIP2 years Service code 27 PO BOX 35142 LB #1035 · SEATTLE, WA 981245142	Advisory (Plan)	$34,618
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$17,069
PRIME CAPITAL INVESTMENT ADVISORS2 years Filed as: PRIME RETIREMENT SOLUTIONS LLC Service code 13 25B VREELAND RD STE 209 · FLORHAM PARK, NJ 07932	Contract Administrator	$2,000

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$53K

$642 / participant

Investment mgmt$35K65.0%
Contract admin$19K35.0%

% of EOY assets

0.568%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MEIHAUS CPA, PC
Auditor EIN: 880926982
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,966

$81,476+12.9%

$102,383-10.2%

$80,925+13.6%

Participation rate

94.0%

66.8%+27.1pp

74.5%+19.5pp

67.7%+26.3pp

Annual return

15.22%

25.59%-10.4pp

24.94%-9.7pp

35.65%-20.4pp

Employer contribution / active EE

$1,910

$3,105-38.5%

$3,870-50.6%

$2,756-30.7%

Participant deferral / active EE

$7,006

$3,871+81.0%

$5,060+38.5%

$4,299+63.0%

Admin fee / account holder

$522

$6,717-92.2%

$8,391-93.8%

$6,940-92.5%

Provider

Service type

Compensation

ALDRICH WEALTH LIMITED PARTNERSHIP2 years

Service code 27

PO BOX 35142 LB #1035 · SEATTLE, WA 981245142

Advisory (Plan)

$34,618

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$17,069

PRIME CAPITAL INVESTMENT ADVISORS2 years

Filed as: PRIME RETIREMENT SOLUTIONS LLC

Service code 13

25B VREELAND RD STE 209 · FLORHAM PARK, NJ 07932

Contract Administrator

$2,000

NORTH SANTIAM PAVING CO. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH SANTIAM PAVING CO. 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