Retirement plan

ARDEN BUILDING COMPANIES, LLC RETIREMENT PLAN

Name: ARDEN BUILDING COMPANIES, LLC - ARDEN BUILDING COMPANIES, LLC RETIREMENT PLAN (2019) Form 5500
Creator: ARDEN BUILDING COMPANIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARDEN BUILDING COMPANIES, LLC RETIREMENT PLAN, ARDEN BUILDING COMPANIES, LLC

ARDEN BUILDING COMPANIES, LLCEIN 20-5126747Plan #001PY 2019

505 NARRAGANSETT PARK DRIVE - PAWTUCKET, RI 02861401-727-3500ardenbuildingcompanies.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$22.5M

+24.0% from 2018

Total participants

166

+14.5% from 2018

Average account balance

$142,418

+13.0% from 2018

Annual return

16.99%

+22.95 pp from 2018

Benchmarks

See 167 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Cohort167 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.56M

Not enough data

1 years with asset history on file

Average account balance

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

$153K

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.

239

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+10.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$635

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
NEW ENGLAND PENSION CONSULTANTS2 years Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L Service code 13 · EIN 05-0515232	Contract Administrator	$76,165
SERGIO DECURTIS2 years Service code 28 · EIN 05-0515232	Investment Management	$25,752
TD AMERITRADE, INC.2 years Filed as: TD AMERITRADE Service code 19 · EIN 84-0519832	Securities Custodian	$17,168
CITRIN COOPERMAN1 year Filed as: CITRIN COOPERMAN & COMPANY, LLP Service code 10 · EIN 22-2428965	Accounting	$15,118

Plan features & details

Pension benefit codes2G2J2F3D2E2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

2 tripped

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

$135K

$1362 / participant

Investment mgmt$26K19.1%
Contract admin$33K24.7%
Other / not subdivided$76K56.2%

% of EOY assets

0.599%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CITRIN COOPERMAN & COMPANY. LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$142,418

$183,540-22.4%

$92,909+53.3%

Participation rate

91.9%

69.1%+22.8pp

76.0%+15.9pp

Annual return

16.99%

7.80%+9.2pp

109.44%-92.5pp

Employer contribution / active EE

$9,556

$2,217+331.1%

$3,653+161.6%

Participant deferral / active EE

$6,432

$3,031+112.2%

$4,238+51.8%

Admin fee / account holder

$853

$9,074-90.6%

$5,795-85.3%

Provider

Service type

Compensation

NEW ENGLAND PENSION CONSULTANTS2 years

Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L

Service code 13 · EIN 05-0515232

Contract Administrator

$76,165

SERGIO DECURTIS2 years

Service code 28 · EIN 05-0515232

Investment Management

$25,752

TD AMERITRADE, INC.2 years

Filed as: TD AMERITRADE

Service code 19 · EIN 84-0519832

Securities Custodian

$17,168

CITRIN COOPERMAN1 year

Filed as: CITRIN COOPERMAN & COMPANY, LLP

Service code 10 · EIN 22-2428965

Accounting

$15,118

ARDEN BUILDING COMPANIES, LLC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARDEN BUILDING COMPANIES, LLC RETIREMENT 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