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R. C. CONSTRUCTION CO., INC. 401(K) SALARY SAVINGS PLAN 401k Plan overview

Plan NameR. C. CONSTRUCTION CO., INC. 401(K) SALARY SAVINGS PLAN
Plan identification number 001

R. C. CONSTRUCTION CO., INC. 401(K) SALARY SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • 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 contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

R. C. CONSTRUCTION CO., INC. has sponsored the creation of one or more 401k plans.

Company Name:R. C. CONSTRUCTION CO., INC.
Employer identification number (EIN):592667481
NAIC Classification:237310
NAIC Description:Highway, Street, and Bridge Construction

Form 5500 Filing Information

Submission information for form 5500 for 401k plan R. C. CONSTRUCTION CO., INC. 401(K) SALARY SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MATTHEW GREGORY2024-01-24
0012022-01-01MATTHEW GREGORY2023-10-13
0012021-01-01KAREN FRATESI2022-05-11 KAREN FRATESI2022-05-11
0012020-01-01KAREN FRATESI2021-05-20 KAREN FRATESI2021-05-20
0012019-01-01KAREN FRATESI2020-04-07 KAREN FRATESI2020-04-07
0012018-01-01KAREN FRATESI2019-02-20 KAREN FRATESI2019-02-20
0012017-01-01KAREN FRATESI2018-03-09 KAREN FRATESI2018-03-09
0012016-01-01KAREN FRATESI2017-06-26 KAREN FRATESI2017-06-26
0012015-01-01KAREN H. FRATESI2016-05-16 KAREN H. FRATESI2016-05-16
0012014-01-01KAREN FRATESI2015-06-22 KAREN FRATESI2015-06-22
0012013-01-01KAREN FRATESI2014-07-31 KAREN FRATESI2014-07-31
0012012-01-01KAREN FRATESI2013-10-10 KAREN FRATESI2013-10-10
0012011-01-01KAREN FRATESI2012-10-11 KAREN FRATESI2012-10-11
0012010-01-01KAREN FRATESI2011-06-15

Plan Statistics for R. C. CONSTRUCTION CO., INC. 401(K) SALARY SAVINGS PLAN

401k plan membership statisitcs for R. C. CONSTRUCTION CO., INC. 401(K) SALARY SAVINGS PLAN

Measure Date Value
2023: R. C. CONSTRUCTION CO., INC. 401(K) SALARY SAVINGS PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01142
Total number of active participants reported on line 7a of the Form 55002023-01-010
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-010
Total of all active and inactive participants2023-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-010
Number of participants with account balances2023-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: R. C. CONSTRUCTION CO., INC. 401(K) SALARY SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01146
Total number of active participants reported on line 7a of the Form 55002022-01-01107
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0118
Total of all active and inactive participants2022-01-01125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01126
Number of participants with account balances2022-01-01124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0115

Financial Data on R. C. CONSTRUCTION CO., INC. 401(K) SALARY SAVINGS PLAN

Measure Date Value
2023 : R. C. CONSTRUCTION CO., INC. 401(K) SALARY SAVINGS PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-06-30$0
Total transfer of assets from this plan2023-06-30$10,878,435
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-06-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-06-30$0
Total income from all sources (including contributions)2023-06-30$1,292,271
Total loss/gain on sale of assets2023-06-30$0
Total of all expenses incurred2023-06-30$97,355
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-06-30$97,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-06-30$330,891
Value of total assets at end of year2023-06-30$0
Value of total assets at beginning of year2023-06-30$9,683,519
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-06-30$355
Total interest from all sources2023-06-30$0
Total dividends received (eg from common stock, registered investment company shares)2023-06-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-06-30Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2023-06-30$0
Was this plan covered by a fidelity bond2023-06-30Yes
Value of fidelity bond cover2023-06-30$500,000
If this is an individual account plan, was there a blackout period2023-06-30Yes
Were there any nonexempt tranactions with any party-in-interest2023-06-30No
Contributions received from participants2023-06-30$207,370
Participant contributions at end of year2023-06-30$0
Participant contributions at beginning of year2023-06-30$12,853
Income. Received or receivable in cash from other sources (including rollovers)2023-06-30$2
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-06-30No
Value of net income/loss2023-06-30$1,194,916
Value of net assets at end of year (total assets less liabilities)2023-06-30$0
Value of net assets at beginning of year (total assets less liabilities)2023-06-30$9,683,519
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2023-06-30No
Were any leases to which the plan was party in default or uncollectible2023-06-30No
Investment advisory and management fees2023-06-30$355
Value of interest in pooled separate accounts at end of year2023-06-30$0
Value of interest in pooled separate accounts at beginning of year2023-06-30$8,935,413
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-06-30$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-06-30$261,898
Net investment gain/loss from pooled separate accounts2023-06-30$959,319
Net gain/loss from 103.12 investment entities2023-06-30$2,061
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-06-30No
Was there a failure to transmit to the plan any participant contributions2023-06-30No
Has the plan failed to provide any benefit when due under the plan2023-06-30No
Contributions received in cash from employer2023-06-30$123,519
Employer contributions (assets) at end of year2023-06-30$0
Employer contributions (assets) at beginning of year2023-06-30$473,355
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-06-30$97,000
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-06-30Yes
Did the plan have assets held for investment2023-06-30No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-06-30Yes
Opinion of an independent qualified public accountant for this plan2023-06-30Unqualified
Accountancy firm name2023-06-30HORNE, LLP
Accountancy firm EIN2023-06-30201941244
2022 : R. C. CONSTRUCTION CO., INC. 401(K) SALARY SAVINGS PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-1,687,022
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$2,488,669
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$2,481,838
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,244,246
Value of total assets at end of year2022-12-31$9,683,519
Value of total assets at beginning of year2022-12-31$13,859,210
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$6,831
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$433,217
Participant contributions at end of year2022-12-31$12,853
Participant contributions at beginning of year2022-12-31$8,906
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$99,283
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-4,175,691
Value of net assets at end of year (total assets less liabilities)2022-12-31$9,683,519
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$13,859,210
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$6,831
Value of interest in pooled separate accounts at end of year2022-12-31$8,935,413
Value of interest in pooled separate accounts at beginning of year2022-12-31$13,280,669
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$261,898
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$125,233
Net investment gain/loss from pooled separate accounts2022-12-31$-2,934,570
Net gain/loss from 103.12 investment entities2022-12-31$3,302
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$711,746
Employer contributions (assets) at end of year2022-12-31$473,355
Employer contributions (assets) at beginning of year2022-12-31$444,402
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$2,481,838
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31HORNE, LLP
Accountancy firm EIN2022-12-31201941244

Form 5500 Responses for R. C. CONSTRUCTION CO., INC. 401(K) SALARY SAVINGS PLAN

2023: R. C. CONSTRUCTION CO., INC. 401(K) SALARY SAVINGS PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingYes
2023-01-01This submission is the final filingYes
2023-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2023-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: R. C. CONSTRUCTION CO., INC. 401(K) SALARY SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )
Policy contract number0067326
Policy instance 1
Insurance contract or identification number0067326
Number of Individuals Covered0
Insurance policy start date2023-01-01
Insurance policy end date2023-06-30
Total amount of commissions paid to insurance brokerUSD $20,073
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $20,073
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerAGENT/BROKER
Insurance broker organization code?3
MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )
Policy contract number0067326
Policy instance 1
Insurance contract or identification number0067326
Number of Individuals Covered144
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $42,978
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $21,489
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerAGENT/BROKER
Insurance broker organization code?3

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