Retirement plan

CENTRAL TEXAS IRON WORKS PROFIT SHARING 401(K) PLAN

Name: CENTRAL TEXAS IRON WORKS - CENTRAL TEXAS IRON WORKS PROFIT SHARING 401(K) PLAN (2021) Form 5500
Creator: CENTRAL TEXAS IRON WORKS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL TEXAS IRON WORKS PROFIT SHARING 401(K) PLAN, CENTRAL TEXAS IRON WORKS

CENTRAL TEXAS IRON WORKSEIN 94-3274792Plan #001PY 2021

P.O. BOX 2555 - WACO, TX 76702254-776-8000ctiw.comLinkedIn201-500 employeesconstruction

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$22M

+7.1% from 2020

Total participants

260

0.0% from 2020

Average account balance

$88,806

+9.7% from 2020

Annual return

8.50%

-2.81 pp from 2020

Benchmarks

See 2,980 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,980 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.16M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

253

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.

88.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.90M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$205

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 5 by compensation

Provider	Service type	Compensation
RBC WEALTH MANAGEMENT3 years Filed as: RBC CAPITAL MARKETS LLC Service code 99 60 S 6TH STREET · MINNEAPOLIS, MN 55402	Other Fees	$31,726
SAGEVIEW ADVISORY GROUP, LLC3 years Service code 27 1920 MAIN STREET · IRVINE, CA 92614	Advisory (Plan)	$10,576
JORDAN & ASSOCIATES RETIREMENT SERV3 years Filed as: JORDAN & ASSOCIATES RETIREMENT SVCS Service code 13 100 STONY POINT RD. · SANTA ROSA, CA 95401	Contract Administrator	$9,000
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$6,622
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$32K

$148 / participant

Investment mgmt$23K70.1%
Contract admin$10K29.9%

% of EOY assets

0.147%

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: MAYER HOFFMAN MCCANN, P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,806

$77,677+14.3%

$109,188-18.7%

$79,389+11.9%

Participation rate

94.5%

67.8%+26.7pp

75.9%+18.7pp

70.7%+23.8pp

Annual return

8.50%

23.44%-14.9pp

25.76%-17.3pp

116.89%-108.4pp

Employer contribution / active EE

$1,666

$2,798-40.5%

$3,723-55.3%

$2,428-31.4%

Participant deferral / active EE

$1,940

$3,517-44.8%

$4,654-58.3%

$4,046-52.1%

Admin fee / account holder

$131

$732-82.1%

$6,755-98.1%

$626-79.1%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT3 years

Filed as: RBC CAPITAL MARKETS LLC

Service code 99

60 S 6TH STREET · MINNEAPOLIS, MN 55402

Other Fees

$31,726

SAGEVIEW ADVISORY GROUP, LLC3 years

Service code 27

1920 MAIN STREET · IRVINE, CA 92614

Advisory (Plan)

$10,576

JORDAN & ASSOCIATES RETIREMENT SERV3 years

Filed as: JORDAN & ASSOCIATES RETIREMENT SVCS

Service code 13

100 STONY POINT RD. · SANTA ROSA, CA 95401

Contract Administrator

$9,000

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$6,622

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

CENTRAL TEXAS IRON WORKS PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL TEXAS IRON WORKS PROFIT SHARING 401(K) 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