Retirement plan

AGC OF AMERICA, SD CHAPTER, INC. 401(K) PROFIT SHARING PLAN

Name: AGC OF AMERICA, SD CHAPTER, INC. 401K PROFIT SHARING PLAN - AGC OF AMERICA, SD CHAPTER, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: AGC OF AMERICA, SD CHAPTER, INC. 401K PROFIT SHARING PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AGC OF AMERICA, SD CHAPTER, INC. 401(K) PROFIT SHARING PLAN, AGC OF AMERICA, SD CHAPTER, INC. 401K PROFIT SHARING PLAN

AGC OF AMERICA, SD CHAPTER, INC. 401K PROFIT SHARING PLANEIN 95-1951119Plan #002PY 2018

404 CAMINO DEL RIO SOUTH, STE 608 - SAN DIEGO, CA 92108619-683-2030

Prospect flagsLow returnsLow assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$91.1M

+0.9% from 2017

Total participants

4,297

-3.9% from 2017

Average account balance

$22,280

-11.5% from 2017

Annual return

-6.30%

-21.45 pp from 2017

Benchmarks

See 405 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort405 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$170.66M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

3,706

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.

73.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$283

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

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
AGC RETIREMENT TRUST4+ years Service code 35 · EIN 95-1951119	Employee (plan sponsor)	$687,825
WEST COAST GROUP BENEFITS3 years Service code 17 · EIN 75-3042724	Pension Consulting	$76,675
POLYCOMP ADMINISTRATIVE SERVICES4+ years Service code 15 · EIN 95-2889854	Recordkeeping	$47,281
TRANSAMERICA RETIREMENT SOLUTIONS4+ years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$30,925
MMA SECURITIES LLC1 year Filed as: MMA SECURITIES Service code 17 · EIN 22-3570392	Pension Consulting	$8,750
SCHAFFER ENTERPRISES2 years Service code 15 · EIN 30-0858345	Recordkeeping	$7,007
INDEPENDENT FINANCIAL PARTNERS1 year Service code 24 · EIN 59-3331424	Discretionary Trustee	$2,790
LAUREL WEALTH ADVISORS1 year Filed as: LAUREL WEALTH ADVISORS, INC. Service code 27 · EIN 45-2299422	Advisory (Plan)	$2,200
CAVIGNAC & ASSOCIATES1 year Service code 17 · EIN 33-0515081	Pension Consulting	$2,050

Plan features & details

Pension benefit codes2A2E2G2J2K3D

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.
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

4 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$768K

$261 / participant

Other / not subdivided$768K100.0%

% of EOY assets

0.843%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MOSS ADAMS, LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,280

$60,396-63.1%

$83,830-73.4%

$75,289-70.4%

Participation rate

93.0%

80.7%+12.3pp

76.1%+16.8pp

72.4%+20.6pp

Annual return

-6.30%

3.84%-10.1pp

850.97%-857.3pp

-0.04%-6.3pp

Employer contribution / active EE

$3,347

$3,343+0.1%

$3,631-7.8%

$2,405+39.2%

Participant deferral / active EE

$1,468

$2,922-49.8%

$4,082-64.0%

$3,739-60.7%

Admin fee / account holder

$188

$141+33.0%

$5,479-96.6%

$102+83.6%

Provider

Service type

Compensation

AGC RETIREMENT TRUST4+ years

Service code 35 · EIN 95-1951119

Employee (plan sponsor)

$687,825

WEST COAST GROUP BENEFITS3 years

Service code 17 · EIN 75-3042724

Pension Consulting

$76,675

POLYCOMP ADMINISTRATIVE SERVICES4+ years

Service code 15 · EIN 95-2889854

Recordkeeping

$47,281

TRANSAMERICA RETIREMENT SOLUTIONS4+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$30,925

MMA SECURITIES LLC1 year

Filed as: MMA SECURITIES

Service code 17 · EIN 22-3570392

Pension Consulting

$8,750

SCHAFFER ENTERPRISES2 years

Service code 15 · EIN 30-0858345

Recordkeeping

$7,007

INDEPENDENT FINANCIAL PARTNERS1 year

Service code 24 · EIN 59-3331424

Discretionary Trustee

$2,790

LAUREL WEALTH ADVISORS1 year

Filed as: LAUREL WEALTH ADVISORS, INC.

Service code 27 · EIN 45-2299422

Advisory (Plan)

$2,200

CAVIGNAC & ASSOCIATES1 year

Service code 17 · EIN 33-0515081

Pension Consulting

$2,050

AGC OF AMERICA, SD CHAPTER, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AGC OF AMERICA, SD CHAPTER, INC. 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