Retirement plan

ARDEN BUILDING COMPANIES, LLC RETIREMENT PLAN

Name: ARDEN BUILDING COMPANIES, LLC - ARDEN BUILDING COMPANIES, LLC RETIREMENT PLAN (2023) 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 2023

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$32.3M

+12.1% from 2022

Total participants

216

+10.8% from 2022

Average account balance

$154,743

+3.0% from 2022

Annual return

13.38%

+24.06 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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 CONSULTANTS6 years Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L Service code 13 · EIN 05-0515232	Contract Administrator	$76,068
SERGIO DECURTIS6 years Service code 28 · EIN 05-0515232	Investment Management	$46,763
MATRIX TRUST COMPANY4 years Service code 19 717 17TH STREET SUITE 1300 · DENVER, CO 80202	Securities Custodian	$21,823
NEW ENGLAND INVESTMENT CONSULTANTS3 years Service code 27 · EIN 20-5493811	Advisory (Plan)	$18,705

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

Expense breakdown

Schedule H Part II

Admin total

$184K

$1617 / participant

Recordkeeping$37K20.3%
Investment mgmt$47K25.4%
Contract admin$39K21.0%
Other / not subdivided$62K33.4%

% of EOY assets

0.570%

all-in expense ratio

Categories reported

3 / 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: $1,550
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$154,743

$76,696+101.8%

$96,515+60.3%

$71,511+116.4%

Participation rate

93.9%

66.6%+27.3pp

74.3%+19.5pp

67.9%+25.9pp

Annual return

13.38%

48.32%-34.9pp

35.73%-22.4pp

28.86%-15.5pp

Employer contribution / active EE

$10,523

$3,032+247.1%

$3,740+181.4%

$2,589+306.4%

Participant deferral / active EE

$7,274

$3,770+92.9%

$4,880+49.1%

$4,291+69.5%

Admin fee / account holder

$882

$2,030-56.5%

$6,735-86.9%

$1,588-44.5%

Provider

Service type

Compensation

NEW ENGLAND PENSION CONSULTANTS6 years

Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L

Service code 13 · EIN 05-0515232

Contract Administrator

$76,068

SERGIO DECURTIS6 years

Service code 28 · EIN 05-0515232

Investment Management

$46,763

MATRIX TRUST COMPANY4 years

Service code 19

717 17TH STREET SUITE 1300 · DENVER, CO 80202

Securities Custodian

$21,823

NEW ENGLAND INVESTMENT CONSULTANTS3 years

Service code 27 · EIN 20-5493811

Advisory (Plan)

$18,705

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