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 (2020) 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 2020

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

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$136.7M

+19.8% from 2019

Total participants

4,582

-19.5% from 2019

Average account balance

$36,958

+43.4% from 2019

Annual return

17.41%

-2.16 pp from 2019

Benchmarks

See 458 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort458 peers

Snapshot2020

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 9 by compensation

Provider	Service type	Compensation
AGC RETIREMENT TRUST6+ years Service code 35 · EIN 95-1951119	Employee (plan sponsor)	$598,790
ASCENSUS LLC1 year Filed as: FUTUREPLAN BY ASCENSUS Service code 15 · EIN 82-3719843	Recordkeeping	$120,740
WEST COAST GROUP BENEFITS5 years Service code 17 · EIN 75-3042724	Pension Consulting	$74,415
TRANSAMERICA RETIREMENT SOLUTIONS6+ years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$63,657
SCHAFFER ENTERPRISES4 years Service code 15 · EIN 30-0858345	Recordkeeping	$11,725
MMA SECURITIES LLC3 years Filed as: MMA SECURITIES Service code 27 · EIN 22-3570392	Advisory (Plan)	$8,750
CAVIGNAC & ASSOCIATES3 years Service code 15 · EIN 33-0515081	Recordkeeping	$6,385
ALLIANCE PENSION CONSULTANTS, LLC1 year Filed as: INDEPENDENT ADVISOR ALLIANCE Service code 27 · EIN 46-3825461	Advisory (Plan)	$3,690
LAUREL WEALTH ADVISORS3 years Filed as: LAUREL WEALTH ADVISORS, INC. Service code 27 · EIN 45-2299422	Advisory (Plan)	$2,360

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

2 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).

Expense breakdown

Schedule H Part II

Admin total

$1.0M

$365 / participant

Other / not subdivided$1M100.0%

% of EOY assets

0.736%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,958

$81,719-54.8%

$101,271-63.5%

$90,274-59.1%

Participation rate

68.0%

80.7%-12.7pp

75.8%-7.8pp

73.4%-5.3pp

Annual return

17.41%

337.64%-320.2pp

46.48%-29.1pp

53.97%-36.6pp

Employer contribution / active EE

$4,070

$3,622+12.4%

$3,660+11.2%

$2,523+61.3%

Participant deferral / active EE

$2,055

$3,310-37.9%

$4,371-53.0%

$4,231-51.4%

Admin fee / account holder

$272

$162+68.1%

$5,948-95.4%

$114+138.6%

Provider

Service type

Compensation

AGC RETIREMENT TRUST6+ years

Service code 35 · EIN 95-1951119

Employee (plan sponsor)

$598,790

ASCENSUS LLC1 year

Filed as: FUTUREPLAN BY ASCENSUS

Service code 15 · EIN 82-3719843

Recordkeeping

$120,740

WEST COAST GROUP BENEFITS5 years

Service code 17 · EIN 75-3042724

Pension Consulting

$74,415

TRANSAMERICA RETIREMENT SOLUTIONS6+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$63,657

SCHAFFER ENTERPRISES4 years

Service code 15 · EIN 30-0858345

Recordkeeping

$11,725

MMA SECURITIES LLC3 years

Filed as: MMA SECURITIES

Service code 27 · EIN 22-3570392

Advisory (Plan)

$8,750

CAVIGNAC & ASSOCIATES3 years

Service code 15 · EIN 33-0515081

Recordkeeping

$6,385

ALLIANCE PENSION CONSULTANTS, LLC1 year

Filed as: INDEPENDENT ADVISOR ALLIANCE

Service code 27 · EIN 46-3825461

Advisory (Plan)

$3,690

LAUREL WEALTH ADVISORS3 years

Filed as: LAUREL WEALTH ADVISORS, INC.

Service code 27 · EIN 45-2299422

Advisory (Plan)

$2,360

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