Retirement plan

WESTERN REGION RETIREMENT TRUST 401(K) AND REGULAR PROFIT SHARING PLAN

Name: REED FAMILY COMPANIES - WESTERN REGION RETIREMENT TRUST 401(K) AND REGULAR PROFIT SHARING PLAN (2023) Form 5500
Creator: REED FAMILY COMPANIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN REGION RETIREMENT TRUST 401(K) AND REGULAR PROFIT SHARING PLAN, REED FAMILY COMPANIES

REED FAMILY COMPANIESEIN 94-2208599Plan #006PY 2023

928 12TH STREET, SUITE 700 - MODESTO, CA 95354209-521-9771LinkedIn501-1000 employeesconstruction

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$53.7M

+19.3% from 2022

Total participants

754

+3.0% from 2022

Average account balance

-100.0% from 2022

Annual return

14.74%

+28.25 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

$60.05M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

739

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

$5.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+9.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$271

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 4 by compensation

Provider	Service type	Compensation
CUTLER INVESTMENT COUNSEL, LLC9+ years Filed as: CUTLER INVESTMENT GROUP Service code 27 525 BIGHAM KNOLL · JACKSONVILLE, OR 97530	Advisory (Plan)	$102,961
PROFESSIONAL CAPITAL SERVICES, LLC1 year Filed as: PROFESSION CAPITAL SERVICES, LLC Service code 13 1801 MARKET STREET · PHILADELPHIA, PA 19103	Contract Administrator	$92,086
PENTEGRA SERVICES, INC.1 year Service code 13 5350 77 CENTER DR · CHARLOTTE, NC 97530	Contract Administrator	$34,332
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE OF AMERIC Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$11,670

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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

$242K

$463 / participant

Contract admin$242K100.0%

% of EOY assets

0.451%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,010-100.0%

$96,515-100.0%

$74,460-100.0%

Participation rate

0.0%

71.6%-71.6pp

74.3%-74.3pp

70.7%-70.7pp

Annual return

14.74%

37.50%-22.8pp

35.73%-21.0pp

34.38%-19.6pp

Employer contribution / active EE

$5,181

$3,427+51.2%

$3,740+38.5%

$2,638+96.4%

Participant deferral / active EE

$4,680

$3,971+17.9%

$4,880-4.1%

$4,530+3.3%

Admin fee / account holder

$633-100.0%

$6,735-100.0%

$348-100.0%

Provider

Service type

Compensation

CUTLER INVESTMENT COUNSEL, LLC9+ years

Filed as: CUTLER INVESTMENT GROUP

Service code 27

525 BIGHAM KNOLL · JACKSONVILLE, OR 97530

Advisory (Plan)

$102,961

PROFESSIONAL CAPITAL SERVICES, LLC1 year

Filed as: PROFESSION CAPITAL SERVICES, LLC

Service code 13

1801 MARKET STREET · PHILADELPHIA, PA 19103

Contract Administrator

$92,086

PENTEGRA SERVICES, INC.1 year

Service code 13

5350 77 CENTER DR · CHARLOTTE, NC 97530

Contract Administrator

$34,332

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE OF AMERIC

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$11,670

WESTERN REGION RETIREMENT TRUST 401(K) AND REGULAR PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN REGION RETIREMENT TRUST 401(K) AND REGULAR 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