Retirement plan

BOARDWALK PIPELINE PARTNERS, LP SAVINGS PLAN

Name: BOARDWALK PIPELINE PARTNERS, LP - BOARDWALK PIPELINE PARTNERS, LP SAVINGS PLAN (2023) Form 5500
Creator: BOARDWALK PIPELINE PARTNERS, LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOARDWALK PIPELINE PARTNERS, LP SAVINGS PLAN, BOARDWALK PIPELINE PARTNERS, LP

BOARDWALK PIPELINE PARTNERS, LPEIN 06-1687421Plan #003PY 2023

610 WEST 2ND STREET - OWENSBORO, KY 423010739270-926-8686LinkedIn1-10 employeesutilities

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$410.1M

-7.2% from 2016

Total participants

1,545

-0.6% from 2016

Average account balance

$268,731

-6.9% from 2016

Annual return

17.72%

-5.68 pp from 2016

Benchmarks

See 268 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort268 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$453.99M

Not enough data

1 years with asset history on file

Average account balance

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

$290K

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.

1,566

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.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29.91M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+14.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$130

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 4 by compensation

Provider	Service type	Compensation
STEGNER INVESTMENT ASSOCIATES9+ years Service code 27 233 BRECKENRIDGE LANE · LOUISVILLE, KY 40207	Advisory (Plan)	$80,000
T ROWE PRICE RPS INC9+ years Filed as: T. ROWE PRICE RPS INC Service code 33 100 EAST PRATT STREET · BALTIMORE, MD 21202	Participant communication; Other comm...	$41,179
DEAN DORTON ALLEN FORD, PLLC9+ years Service code 10 435 N. WHITTINGTON PKWY, STE 400 · LOUISVILLE, KY 40222	Accounting	$27,300
WITHUMSMITH+BROWN, PC4 years Filed as: FROST BROWN TODD Service code 29 P.O. BOX 70087 · LOUISVILLE, KY 402700087	Legal	$5,107

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3F3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

2 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$154K

$122 / participant

Investment mgmt$80K52.1%
Legal$5K3.3%
Other / not subdivided$68K44.6%

% of EOY assets

0.037%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DEAN DORTON ALLEN FORD, PLLC
Auditor EIN: 273858252
Audit fees: $27,300
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$268,731

$70,115+283.3%

$70,589+280.7%

$80,187+235.1%

Participation rate

98.5%

71.7%+26.8pp

68.4%+30.1pp

72.9%+25.6pp

Annual return

17.72%

134.51%-116.8pp

32.80%-15.1pp

40.40%-22.7pp

Employer contribution / active EE

$10,963

$3,021+262.9%

$2,977+268.2%

$2,980+267.9%

Participant deferral / active EE

$11,187

$4,495+148.9%

$4,569+144.8%

$5,016+123.0%

Admin fee / account holder

$101

$112-10.3%

$6,430-98.4%

$145-30.6%

Provider

Service type

Compensation

STEGNER INVESTMENT ASSOCIATES9+ years

Service code 27

233 BRECKENRIDGE LANE · LOUISVILLE, KY 40207

Advisory (Plan)

$80,000

T ROWE PRICE RPS INC9+ years

Filed as: T. ROWE PRICE RPS INC

Service code 33

100 EAST PRATT STREET · BALTIMORE, MD 21202

Participant communication; Other comm...

$41,179

DEAN DORTON ALLEN FORD, PLLC9+ years

Service code 10

435 N. WHITTINGTON PKWY, STE 400 · LOUISVILLE, KY 40222

Accounting

$27,300

WITHUMSMITH+BROWN, PC4 years

Filed as: FROST BROWN TODD

Service code 29

P.O. BOX 70087 · LOUISVILLE, KY 402700087

Legal

$5,107

BOARDWALK PIPELINE PARTNERS, LP SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOARDWALK PIPELINE PARTNERS, LP SAVINGS 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