Retirement plan

CASS ARRIETA 401(K) PLAN

Name: CASS CONSTRUCTION, INC. - CASS ARRIETA 401(K) PLAN (2020) Form 5500
Creator: CASS CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CASS ARRIETA 401(K) PLAN, CASS CONSTRUCTION, INC.

CASS CONSTRUCTION, INC.EIN 95-2904966Plan #003PY 2020

PO BOX 309 - EL CAJON, CA 92022619-590-0929

Other plans on this EIN

1 filing

#002Retirement-$7.8M assets

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$10.7M

+36.0% from 2019

Total participants

220

-9.1% from 2019

Average account balance

$50,130

+50.0% from 2019

Annual return

13.56%

-7.76 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.17M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

225

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.

90.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+12.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$531

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
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$42,236
LATITUDE SERVICE COMPANY INC2+ years Filed as: LATITUDE SERVICE COMPANY, INC. Service code 13 · EIN 82-1371994	Contract Administrator	$25,321
PATHWAYS FINANCIAL PARTNERS2+ years Service code 27 · EIN 86-0931560	Advisory (Plan)	$18,234
ALDRICH WEALTH LIMITED PARTNERSHIP2+ years Filed as: ALDRICH CPAS AND ADVISOR Service code 10 · EIN 93-0623286	Accounting	$8,250

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$72K

$432 / participant

Contract admin$64K88.6%
Other / not subdivided$8K11.4%

% of EOY assets

0.673%

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: ALDRICH CPAS AND ADVISORS LLP
Auditor EIN: 930623286
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,130

$69,383-27.7%

$101,275-50.5%

$73,497-31.8%

Participation rate

96.4%

68.4%+28.0pp

75.8%+20.6pp

70.7%+25.7pp

Annual return

13.56%

18.46%-4.9pp

46.48%-32.9pp

28.51%-14.9pp

Employer contribution / active EE

$10,057

$2,628+282.6%

$3,660+174.8%

$2,270+343.0%

Participant deferral / active EE

$3,558

$3,301+7.8%

$4,371-18.6%

$3,740-4.9%

Admin fee / account holder

$337

$704-52.1%

$5,948-94.3%

$513-34.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$42,236

LATITUDE SERVICE COMPANY INC2+ years

Filed as: LATITUDE SERVICE COMPANY, INC.

Service code 13 · EIN 82-1371994

Contract Administrator

$25,321

PATHWAYS FINANCIAL PARTNERS2+ years

Service code 27 · EIN 86-0931560

Advisory (Plan)

$18,234

ALDRICH WEALTH LIMITED PARTNERSHIP2+ years

Filed as: ALDRICH CPAS AND ADVISOR

Service code 10 · EIN 93-0623286

Accounting

$8,250

CASS ARRIETA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CASS ARRIETA 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