Retirement plan

BCI, INC. 401(K) PROFIT SHARING PLAN

Name: BCI, INC. 401(K) PROFIT SHARING PLAN - BCI, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: BCI, INC. 401(K) PROFIT SHARING PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BCI, INC. 401(K) PROFIT SHARING PLAN, BCI, INC. 401(K) PROFIT SHARING PLAN

BCI, INC. 401(K) PROFIT SHARING PLANEIN 06-1308260Plan #002PY 2023

848 MARSHALL PHELPS ROAD - WINDSOR, CT 06095860-688-8024

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$6.9M

+17.5% from 2022

Total participants

169

+1.2% from 2022

Average account balance

$50,029

+11.5% from 2022

Annual return

16.61%

+35.08 pp from 2022

Benchmarks

See 1,360 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,360 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.55M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

143

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.

82.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$295K

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

+12.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$287

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS6 years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$20,733
SECURITIES AMERICA INC5 years Filed as: SECURITIES AMERICA ADVISORS INC. Service code 27 · EIN 47-0648506	Advisory (Plan)	$14,140
ADP BROKER-DEALER2 years Filed as: PENSION CONSULTANTS, INC. Service code 15 · EIN 65-1504903	Recordkeeping	$1,921

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$38K

$245 / participant

Other / not subdivided$38K100.0%

% of EOY assets

0.554%

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: NICOLA, YESTER & COMPANY, P.C.
Auditor EIN: 061181787
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,029

$41,151+21.6%

$80,648-38.0%

$71,529-30.1%

Participation rate

79.4%

50.2%+29.1pp

67.0%+12.3pp

67.9%+11.4pp

Annual return

16.61%

38.49%-21.9pp

937.21%-920.6pp

28.97%-12.4pp

Employer contribution / active EE

$907

$1,513-40.0%

$2,724-66.7%

$2,590-65.0%

Participant deferral / active EE

$1,282

$2,700-52.5%

$4,443-71.1%

$4,291-70.1%

Admin fee / account holder

$277

$1,842-84.9%

$5,382-94.8%

$1,588-82.5%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS6 years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$20,733

SECURITIES AMERICA INC5 years

Filed as: SECURITIES AMERICA ADVISORS INC.

Service code 27 · EIN 47-0648506

Advisory (Plan)

$14,140

ADP BROKER-DEALER2 years

Filed as: PENSION CONSULTANTS, INC.

Service code 15 · EIN 65-1504903

Recordkeeping

$1,921

BCI, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BCI, INC. 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