Retirement plan

BLUE RIDGE CAPITAL HOLDINGS MANAGEMENT CO., INC. 401(K)

Name: BLUE RIDGE CAPITAL HOLDINGS MANAGEMENT CO., INC. - BLUE RIDGE CAPITAL HOLDINGS MANAGEMENT CO., INC. 401(K) (2022) Form 5500
Creator: BLUE RIDGE CAPITAL HOLDINGS MANAGEMENT CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLUE RIDGE CAPITAL HOLDINGS MANAGEMENT CO., INC. 401(K), BLUE RIDGE CAPITAL HOLDINGS MANAGEMENT CO., INC.

BLUE RIDGE CAPITAL HOLDINGS MANAGEMENT CO., INC.EIN 03-0576690Plan #002PY 2022

300 NORTH GREENE STREET, SUITE 2100 - GREENSBORO, NC 27401336-275-7002

Prospect flagsHigh feesLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.6M

-16.7% from 2021

Total participants

141

-55.5% from 2021

Average account balance

$28,545

+103.1% from 2021

Annual return

-17.45%

-29.28 pp from 2021

Benchmarks

See 9,164 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,164 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.84M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

123

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.

65.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$258K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$333

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

1 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	$15,452
FORVIS, LLP1 year Filed as: FORVIS LLP Service code 16 · EIN 44-0160260	Consulting	$13,650
LPL FINANCIAL7 years Filed as: LPL FINANCIAL LLC Service code 27 · EIN 04-3046611	Advisory (Plan)	$10,434

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 employer contribution
Employer 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.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$40K

$674 / participant

Other / not subdivided$40K100.0%

% of EOY assets

1.133%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS,LLP
Auditor EIN: 440160560
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,545

$81,870-65.1%

$119,634-76.1%

$68,490-58.3%

Participation rate

73.3%

71.9%+1.4pp

79.3%-5.9pp

67.9%+5.4pp

Annual return

-17.45%

-23.82%+6.4pp

-14.98%-2.5pp

-7.85%-9.6pp

Employer contribution / active EE

$2,692-99.9%

$4,232-99.9%

$2,597-99.9%

Participant deferral / active EE

$2,895

$4,148-30.2%

$5,601-48.3%

$4,028-28.1%

Admin fee / account holder

$323

$6,583-95.1%

$10,329-96.9%

$5,403-94.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

$15,452

FORVIS, LLP1 year

Filed as: FORVIS LLP

Service code 16 · EIN 44-0160260

Consulting

$13,650

LPL FINANCIAL7 years

Filed as: LPL FINANCIAL LLC

Service code 27 · EIN 04-3046611

Advisory (Plan)

$10,434

BLUE RIDGE CAPITAL HOLDINGS MANAGEMENT CO., INC. 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLUE RIDGE CAPITAL HOLDINGS MANAGEMENT CO., INC. 401(K)

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