401k Plan data: THE CONTRACTORS RETIREMENT PLAN plan

THE CONTRACTORS RETIREMENT PLAN 401k Plan overview

Plan Name	THE CONTRACTORS RETIREMENT PLAN
Plan identification number	001

THE CONTRACTORS RETIREMENT PLAN Benefits

401k Plan Type

Defined 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.

401k Sponsoring company profile

PRIORITY CONSTRUCTION CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: PRIORITY CONSTRUCTION CORPORATION

Employer identification number (EIN): 521972802

NAIC Classification: 237310
NAIC Description: Highway, Street, and Bridge Construction

Additional information about PRIORITY CONSTRUCTION CORPORATION

Jurisdiction of Incorporation: Maryland Secretary of State

Incorporation Date:

Company Identification Number: D04387155

More information about PRIORITY CONSTRUCTION CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE CONTRACTORS RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2021-01-01 JONATHAN HERRON 2022-10-17
001 2020-01-01
001 2019-01-01
001 2018-01-01 ANA PONCE 2019-09-26 ANA PONCE 2019-09-26
001 2017-01-01 ALEKSANDRA STEFANOVSKA 2018-06-04
001 2016-01-01 ALEKSANDRA STEFANOVSKA 2017-07-21

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2021-01-01	JONATHAN HERRON	2022-10-17
001	2020-01-01
001	2019-01-01
001	2018-01-01	ANA PONCE	2019-09-26	ANA PONCE	2019-09-26
001	2017-01-01	ALEKSANDRA STEFANOVSKA	2018-06-04
001	2016-01-01	ALEKSANDRA STEFANOVSKA	2017-07-21

Plan Statistics for THE CONTRACTORS RETIREMENT PLAN

401k plan membership statisitcs for THE CONTRACTORS RETIREMENT PLAN

Measure Date Value
2021: THE CONTRACTORS RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 180
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 94
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 108
Total of all active and inactive participants 2021-01-01 202
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 202
Number of participants with account balances 2021-01-01 188
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: THE CONTRACTORS RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 195
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 92
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 88
Total of all active and inactive participants 2020-01-01 180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 180
Number of participants with account balances 2020-01-01 170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0

Measure	Date	Value
2021: THE CONTRACTORS RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	180
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	94
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	108
Total of all active and inactive participants	2021-01-01	202
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	202
Number of participants with account balances	2021-01-01	188
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: THE CONTRACTORS RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	195
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	92
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	88
Total of all active and inactive participants	2020-01-01	180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	180
Number of participants with account balances	2020-01-01	170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0

Financial Data on THE CONTRACTORS RETIREMENT PLAN

Measure	Date	Value
2021 : THE CONTRACTORS RETIREMENT PLAN 2021 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$6,160
Total income from all sources (including contributions)	2021-12-31	$568,921
Total of all expenses incurred	2021-12-31	$82,346
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$65,201
Expenses. Certain deemed distributions of participant loans	2021-12-31	$7,838
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$389,524
Value of total assets at end of year	2021-12-31	$1,682,255
Value of total assets at beginning of year	2021-12-31	$1,201,840
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$9,307
Total interest from all sources	2021-12-31	$2,284
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$101,284
Participant contributions at end of year	2021-12-31	$13,405
Participant contributions at beginning of year	2021-12-31	$18,408
Participant contributions at end of year	2021-12-31	$0
Participant contributions at beginning of year	2021-12-31	$3,780
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2021-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2021-12-31	$6,160
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$486,575
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$1,682,255
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$1,195,680
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in pooled separate accounts at end of year	2021-12-31	$1,482,630
Value of interest in pooled separate accounts at beginning of year	2021-12-31	$1,151,760
Interest on participant loans	2021-12-31	$396
Interest earned on other investments	2021-12-31	$1,888
Value of interest in common/collective trusts at end of year	2021-12-31	$19,537
Value of interest in common/collective trusts at beginning of year	2021-12-31	$10,692
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$177,113
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$288,240
Employer contributions (assets) at end of year	2021-12-31	$166,683
Employer contributions (assets) at beginning of year	2021-12-31	$17,200
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$65,201
Contract administrator fees	2021-12-31	$9,307
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Disclaimer
Accountancy firm name	2021-12-31	ELLIN & TUCKER, CHARTERED
Accountancy firm EIN	2021-12-31	520959934
2020 : THE CONTRACTORS RETIREMENT PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$6,160
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$17,404
Total income from all sources (including contributions)	2020-12-31	$508,681
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$60,027
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$42,684
Expenses. Certain deemed distributions of participant loans	2020-12-31	$2,493
Value of total corrective distributions	2020-12-31	$6,160
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$327,584
Value of total assets at end of year	2020-12-31	$1,201,840
Value of total assets at beginning of year	2020-12-31	$764,430
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$8,690
Total interest from all sources	2020-12-31	$1,578
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$0
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$103,963
Participant contributions at end of year	2020-12-31	$18,408
Participant contributions at beginning of year	2020-12-31	$15,995
Participant contributions at end of year	2020-12-31	$3,780
Participant contributions at beginning of year	2020-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$94,688
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2020-12-31	$6,160
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2020-12-31	$17,404
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$448,654
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$1,195,680
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$747,026
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in pooled separate accounts at end of year	2020-12-31	$1,151,760
Value of interest in pooled separate accounts at beginning of year	2020-12-31	$692,234
Interest on participant loans	2020-12-31	$320
Interest earned on other investments	2020-12-31	$1,258
Value of interest in common/collective trusts at end of year	2020-12-31	$10,692
Value of interest in common/collective trusts at beginning of year	2020-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$179,519
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$128,933
Employer contributions (assets) at end of year	2020-12-31	$17,200
Employer contributions (assets) at beginning of year	2020-12-31	$56,201
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$42,684
Contract administrator fees	2020-12-31	$8,690
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	ELLIN & TUCKER, CHARTERED
Accountancy firm EIN	2020-12-31	520959934

Form 5500 Responses for THE CONTRACTORS RETIREMENT PLAN

2021: THE CONTRACTORS RETIREMENT PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: THE CONTRACTORS RETIREMENT PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )

Policy contract number

81C932

Policy instance

Insurance contract or identification number	81C932
Number of Individuals Covered	169
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Insurance broker organization code?	3

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )

Policy contract number

81C932

Policy instance

Insurance contract or identification number	81C932
Number of Individuals Covered	163
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $2,215
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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 Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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 Broker	USD $0
Amount paid for insurance broker fees	2215
Additional information about fees paid to insurance broker	FEES
Insurance broker organization code?	3

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Company Name:	PRIORITY CONSTRUCTION CORPORATION
Employer identification number (EIN):	521972802
NAIC Classification:	237310
NAIC Description:	Highway, Street, and Bridge Construction

Jurisdiction of Incorporation:	Maryland Secretary of State
Incorporation Date:
Company Identification Number:	D04387155