Retirement plan

B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN

Name: B & B LUMBER COMPANY, INC. - B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN (2023) Form 5500
Creator: B & B LUMBER COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN, B & B LUMBER COMPANY, INC.

B & B LUMBER COMPANY, INC.EIN 16-1035246Plan #001PY 2023

POST OFFICE BOX 420 - JAMESVILLE, NY 13078315-492-1786bblumber.comLinkedIn51-200 employeespaper & forest products

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$13.1M

+13.1% from 2022

Total participants

138

-8.0% from 2022

Average account balance

$95,510

+22.1% from 2022

Annual return

12.89%

+21.47 pp from 2022

Benchmarks

See 1,941 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,941 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.55M

Not enough data

1 years with asset history on file

Average account balance

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

$97K

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.

140

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$468K

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

+12.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$217

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 1 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC7 years Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 · EIN 13-2638166 1285 AVENUE OF THE AMERICAS · NEW YORK, NY 10019	Advisory (Plan)	$25,813

Plan features & details

Pension benefit codes2E2F2J2K3D3H

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).
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$27K

$212 / participant

Investment mgmt$26K98.2%
Other / not subdivided$4811.8%

% of EOY assets

0.203%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EVANS AND BENNETT, LLP
Auditor EIN: 150551397
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$95,510

$71,526+33.5%

$98,450-3.0%

$71,495+33.6%

Participation rate

99.2%

72.7%+26.5pp

75.2%+24.0pp

67.9%+31.3pp

Annual return

12.89%

32.42%-19.5pp

21.16%-8.3pp

28.85%-16.0pp

Employer contribution / active EE

$906

$2,400-62.2%

$3,049-70.3%

$2,589-65.0%

Participant deferral / active EE

$2,815

$4,110-31.5%

$4,739-40.6%

$4,291-34.4%

Admin fee / account holder

$194

$1,675-88.4%

$8,961-97.8%

$1,588-87.8%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC7 years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27 · EIN 13-2638166

1285 AVENUE OF THE AMERICAS · NEW YORK, NY 10019

Advisory (Plan)

$25,813

B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

B & B LUMBER COMPANY, INC. 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