Retirement plan

E C CONSTRUCTION CO./L.G.M. COMPANY EMPLOYEES PROFIT SHARING 401(K) PLAN

Name: E C CONSTRUCTION CO. - E C CONSTRUCTION CO./L.G.M. COMPANY EMPLOYEES PROFIT SHARING 401(K) PLAN (2024) Form 5500
Creator: E C CONSTRUCTION CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, E C CONSTRUCTION CO./L.G.M. COMPANY EMPLOYEES PROFIT SHARING 401(K) PLAN, E C CONSTRUCTION CO.

E C CONSTRUCTION CO.EIN 95-3245210Plan #001PY 2024

2213 CHICO AVE. - SOUTH EL MONTE, CA 91733626-444-9596

Prospect flagsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$2.5M

-28.9% from 2023

Total participants

+17.4% from 2023

Average account balance

$111,968

-25.7% from 2023

Annual return

10.35%

-4.57 pp from 2023

Benchmarks

See 143,710 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.46M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

64.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$55K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$64352

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 codes2E2G2J2T3D

Plan features

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$1.4M

$101124 / participant

Other / not subdivided$1M100.0%

% of EOY assets

57.474%

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

$111,968

$160,040-30.0%

$147,096-23.9%

$145,877-23.2%

Participation rate

64.3%

84.0%-19.7pp

82.2%-17.9pp

80.3%-16.0pp

Annual return

10.35%

98.49%-88.1pp

419.75%-409.4pp

551.28%-540.9pp

Employer contribution / active EE

$1,767

$5,289-66.6%

$4,936-64.2%

$4,663-62.1%

Participant deferral / active EE

$2,160

$8,429-74.4%

$8,071-73.2%

$6,691-67.7%

Admin fee / account holder

$64,352

$15,050+327.6%

$13,005+394.8%

$13,402+380.2%

E C CONSTRUCTION CO./L.G.M. COMPANY EMPLOYEES PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

E C CONSTRUCTION CO./L.G.M. COMPANY EMPLOYEES PROFIT SHARING 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