Retirement plan

R. W. SCOTT CONSTRUCTION COMPANY, INC. 401-K PROFIT SHARING PLAN

Name: R. W. SCOTT CONSTRUCTION COMPANY, INC. - R. W. SCOTT CONSTRUCTION COMPANY, INC. 401-K PROFIT SHARING PLAN (2022) Form 5500
Creator: R. W. SCOTT CONSTRUCTION COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, R. W. SCOTT CONSTRUCTION COMPANY, INC. 401-K PROFIT SHARING PLAN, R. W. SCOTT CONSTRUCTION COMPANY, INC.

R. W. SCOTT CONSTRUCTION COMPANY, INC.EIN 95-3239315Plan #003PY 2022

1455 FAIRWAY DRIVE - SANTA MARIA, CA 93455805-925-5540

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.8M

-13.4% from 2021

Total participants

+11.5% from 2021

Average account balance

$32,994

-24.2% from 2021

Annual return

-18.89%

-36.96 pp from 2021

Benchmarks

See 17,340 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort17,340 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.38M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

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.

145.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$237K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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)

$7040

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$139K

$4494 / participant

Other / not subdivided$139K100.0%

% of EOY assets

7.541%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,994

$64,729-49.0%

$112,263-70.6%

$68,490-51.8%

Participation rate

93.5%

67.2%+26.4pp

75.1%+18.5pp

67.9%+25.7pp

Annual return

-18.89%

-11.40%-7.5pp

27.49%-46.4pp

-7.85%-11.0pp

Employer contribution / active EE

$4,964

$2,746+80.8%

$3,636+36.5%

$2,597+91.2%

Participant deferral / active EE

$3,340

$3,566-6.3%

$4,729-29.4%

$4,028-17.1%

Admin fee / account holder

$2,488

$5,222-52.4%

$6,410-61.2%

$5,403-54.0%

R. W. SCOTT CONSTRUCTION COMPANY, INC. 401-K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

R. W. SCOTT CONSTRUCTION COMPANY, 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