Retirement plan

NIBBELINK MASONRY CONSTRUCTION CORP. 401(K) PROFIT SHARING PLAN

Name: NIBBELINK MASONRY CONSTRUCTION CORP. - NIBBELINK MASONRY CONSTRUCTION CORP. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: NIBBELINK MASONRY CONSTRUCTION CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NIBBELINK MASONRY CONSTRUCTION CORP. 401(K) PROFIT SHARING PLAN, NIBBELINK MASONRY CONSTRUCTION CORP.

NIBBELINK MASONRY CONSTRUCTION CORP.EIN 95-3273187Plan #003PY 2022

1120 W. AVENUE L8 - LANCASTER, CA 93534661-948-7859

Prospect flagsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$2.8M

-13.6% from 2021

Total participants

0.0% from 2021

Average account balance

$70,791

-9.3% from 2021

Annual return

-16.44%

-27.94 pp from 2021

Benchmarks

See 17,352 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort17,352 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.58M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

50.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$129K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2960

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: GREAT-WEST LIFE & ANNUITY INS Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$15,165
MONARCH PLAN ADVISORS4 years Filed as: MONARCH CORPORATE ADVISORS, INC. Service code 27 40 WEST EASY ST., SUITE 4 · SIMI VALLEY, CA 93065	Advisory (Plan)	$9,857
TRUOG-RYDING COMPANY, INC.4 years Filed as: TRUOG-RYDING COMPANU, INC. Service code 13 2659 TOWNSGATE ROAD, SUITE 101 · WESTLAKE VILLAGE, CA 91361	Contract Administrator	$3,150
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$131

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H2T

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$26K

$336 / participant

Other / not subdivided$26K100.0%

% of EOY assets

0.924%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: LEE CPA AUDIT GROUP
Auditor EIN: 814637885
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,791

$64,707+9.4%

$112,228-36.9%

$68,494+3.4%

Participation rate

25.6%

67.2%-41.5pp

75.1%-49.4pp

67.9%-42.2pp

Annual return

-16.44%

-11.40%-5.0pp

27.45%-43.9pp

-7.84%-8.6pp

Employer contribution / active EE

$2,746-100.0%

$3,635-100.0%

$2,596-100.0%

Participant deferral / active EE

$1,200

$3,565-66.3%

$4,728-74.6%

$4,027-70.2%

Admin fee / account holder

$654

$5,232-87.5%

$6,410-89.8%

$5,403-87.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: GREAT-WEST LIFE & ANNUITY INS

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$15,165

MONARCH PLAN ADVISORS4 years

Filed as: MONARCH CORPORATE ADVISORS, INC.

Service code 27

40 WEST EASY ST., SUITE 4 · SIMI VALLEY, CA 93065

Advisory (Plan)

$9,857

TRUOG-RYDING COMPANY, INC.4 years

Filed as: TRUOG-RYDING COMPANU, INC.

Service code 13

2659 TOWNSGATE ROAD, SUITE 101 · WESTLAKE VILLAGE, CA 91361

Contract Administrator

$3,150

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$131

NIBBELINK MASONRY CONSTRUCTION CORP. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NIBBELINK MASONRY CONSTRUCTION CORP. 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