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 (2019) 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 2019

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

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$114.1M

+25.2% from 2018

Total participants

5,695

+32.5% from 2018

Average account balance

$25,770

+15.7% from 2018

Annual return

19.57%

+25.87 pp from 2018

Benchmarks

See 440 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort440 peers

Snapshot2019

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

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

Service providers

Top 10 by compensation

Provider	Service type	Compensation
AGC RETIREMENT TRUST5+ years Service code 35 · EIN 95-1951119	Employee (plan sponsor)	$744,090
WEST COAST GROUP BENEFITS4 years Service code 17 · EIN 75-3042724	Pension Consulting	$138,480
ASCENSUS LLC1 year Filed as: ASCENSUS, LLC Service code 15 · EIN 82-3719843	Recordkeeping	$60,641
TRANSAMERICA RETIREMENT SOLUTIONS5+ years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$39,383
SCHAFFER ENTERPRISES3 years Service code 15 · EIN 30-0858345	Recordkeeping	$25,130
MMA SECURITIES LLC2 years Filed as: MMA SECURITIES Service code 27 · EIN 22-3570392	Advisory (Plan)	$17,500
CAVIGNAC & ASSOCIATES2 years Service code 15 · EIN 33-0515081	Recordkeeping	$12,140
INDEPENDENT FINANCIAL PARTNERS2 years Service code 27 · EIN 59-3331424	Advisory (Plan)	$6,930
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN BURNHAM INS SERVICES Service code 17 · EIN 56-1623293	Pension Consulting	$4,965
LAUREL WEALTH ADVISORS2 years Filed as: LAUREL WEALTH ADVISORS, INC. Service code 27 · EIN 45-2299422	Advisory (Plan)	$4,808

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

3 tripped

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

$839K

$253 / participant

Other / not subdivided$839K100.0%

% of EOY assets

0.735%

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

$25,770

$66,051-61.0%

$92,909-72.3%

$77,775-66.9%

Participation rate

61.7%

81.0%-19.3pp

76.0%-14.3pp

73.2%-11.5pp

Annual return

19.57%

20.69%-1.1pp

109.44%-89.9pp

32.58%-13.0pp

Employer contribution / active EE

$3,488

$3,426+1.8%

$3,653-4.5%

$2,504+39.3%

Participant deferral / active EE

$1,486

$3,013-50.7%

$4,238-64.9%

$3,966-62.5%

Admin fee / account holder

$190

$148+28.2%

$5,795-96.7%

$100+89.4%

Provider

Service type

Compensation

AGC RETIREMENT TRUST5+ years

Service code 35 · EIN 95-1951119

Employee (plan sponsor)

$744,090

WEST COAST GROUP BENEFITS4 years

Service code 17 · EIN 75-3042724

Pension Consulting

$138,480

ASCENSUS LLC1 year

Filed as: ASCENSUS, LLC

Service code 15 · EIN 82-3719843

Recordkeeping

$60,641

TRANSAMERICA RETIREMENT SOLUTIONS5+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$39,383

SCHAFFER ENTERPRISES3 years

Service code 15 · EIN 30-0858345

Recordkeeping

$25,130

MMA SECURITIES LLC2 years

Filed as: MMA SECURITIES

Service code 27 · EIN 22-3570392

Advisory (Plan)

$17,500

CAVIGNAC & ASSOCIATES2 years

Service code 15 · EIN 33-0515081

Recordkeeping

$12,140

INDEPENDENT FINANCIAL PARTNERS2 years

Service code 27 · EIN 59-3331424

Advisory (Plan)

$6,930

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN BURNHAM INS SERVICES

Service code 17 · EIN 56-1623293

Pension Consulting

$4,965

LAUREL WEALTH ADVISORS2 years

Filed as: LAUREL WEALTH ADVISORS, INC.

Service code 27 · EIN 45-2299422

Advisory (Plan)

$4,808

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