Retirement plan

BLDG MANAGEMENT CO., INC. 401(K) PLAN

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

BLDG MANAGEMENT CO, INC.EIN 13-3556302Plan #001PY 2022

417 FIFTH AVENUE, SUITE 400 - NEW YORK, NY 10016212-624-4300bldg.comLinkedIn201-500 employeesreal estate

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$21M

-17.1% from 2021

Total participants

180

-2.2% from 2021

Average account balance

$147,167

-21.7% from 2021

Annual return

-19.43%

-37.08 pp from 2021

Benchmarks

See 1,010 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,010 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.62M

Not enough data

1 years with asset history on file

Average account balance

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

$233K

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.

127

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.

67.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$48

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
COHNREZNICK LLP5 years Service code 99 1212 AVENUE OF THE AMERICAS · NEW YORK, NY 10016	Other Fees	$28,350
THE ANGELL PENSION GROUP, INC.5 years Service code 13 88 BOYD AVE · EAST PROVIENCE, RI 02914	Contract Administrator	$4,819
AMERICAN FUNDS4 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$2,438

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$32K

$229 / participant

Other / not subdivided$32K100.0%

% of EOY assets

0.154%

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: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$147,167

$59,105+149.0%

$160,009-8.0%

$66,938+119.9%

Participation rate

73.8%

68.1%+5.7pp

78.0%-4.2pp

69.8%+3.9pp

Annual return

-19.43%

-12.26%-7.2pp

408.85%-428.3pp

1.58%-21.0pp

Employer contribution / active EE

$1,696

$1,983-14.4%

$4,225-59.9%

$2,545-33.3%

Participant deferral / active EE

$6,825

$4,395+55.3%

$6,183+10.4%

$4,238+61.0%

Admin fee / account holder

$226

$591-61.7%

$8,715-97.4%

$594-61.9%

Provider

Service type

Compensation

COHNREZNICK LLP5 years

Service code 99

1212 AVENUE OF THE AMERICAS · NEW YORK, NY 10016

Other Fees

$28,350

THE ANGELL PENSION GROUP, INC.5 years

Service code 13

88 BOYD AVE · EAST PROVIENCE, RI 02914

Contract Administrator

$4,819

AMERICAN FUNDS4 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$2,438

BLDG MANAGEMENT CO., INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLDG MANAGEMENT CO., INC. 401(K) 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