Retirement plan

ARDEN BUILDING COMPANIES, LLC RETIREMENT PLAN

Name: ARDEN BUILDING COMPANIES, LLC - ARDEN BUILDING COMPANIES, LLC RETIREMENT PLAN (2022) 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 2022

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$28.9M

-6.0% from 2021

Total participants

195

+7.1% from 2021

Average account balance

$150,267

-11.3% from 2021

Annual return

-10.69%

-24.45 pp from 2021

Benchmarks

See 2,998 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,998 peers

Snapshot2022

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 CONSULTANTS5 years Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L Service code 13 · EIN 05-0515232	Contract Administrator	$85,299
SERGIO DECURTIS5 years Service code 28 · EIN 05-0515232	Investment Management	$30,534
MATRIX TRUST COMPANY3 years Service code 19 717 17TH STREET SUITE 1300 · DENVER, CO 80202	Securities Custodian	$19,431
NEW ENGLAND INVESTMENT CONSULTANTS2 years Service code 27 · EIN 20-5493811	Advisory (Plan)	$16,655

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$172K

$1635 / participant

Investment mgmt$31K17.8%
Contract admin$53K30.7%
Other / not subdivided$88K51.5%

% of EOY assets

0.595%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$150,267

$64,176+134.1%

$112,249+33.9%

$66,938+124.5%

Participation rate

97.1%

68.4%+28.7pp

75.1%+22.1pp

69.8%+27.3pp

Annual return

-10.69%

-13.80%+3.1pp

27.48%-38.2pp

1.58%-12.3pp

Employer contribution / active EE

$9,669

$3,007+221.6%

$3,636+165.9%

$2,545+279.9%

Participant deferral / active EE

$7,179

$3,694+94.4%

$4,729+51.8%

$4,238+69.4%

Admin fee / account holder

$894

$626+42.9%

$6,412-86.1%

$594+50.7%

Provider

Service type

Compensation

NEW ENGLAND PENSION CONSULTANTS5 years

Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L

Service code 13 · EIN 05-0515232

Contract Administrator

$85,299

SERGIO DECURTIS5 years

Service code 28 · EIN 05-0515232

Investment Management

$30,534

MATRIX TRUST COMPANY3 years

Service code 19

717 17TH STREET SUITE 1300 · DENVER, CO 80202

Securities Custodian

$19,431

NEW ENGLAND INVESTMENT CONSULTANTS2 years

Service code 27 · EIN 20-5493811

Advisory (Plan)

$16,655

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