Retirement plan

BUNTING AND MURRAY CONSTRUCTION COMPANY 401(K) PROFIT SHARING PLAN

Name: BUNTING AND MURRAY CONSTRUCTION COMPANY - BUNTING AND MURRAY CONSTRUCTION COMPANY 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: BUNTING AND MURRAY CONSTRUCTION COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUNTING AND MURRAY CONSTRUCTION COMPANY 401(K) PROFIT SHARING PLAN, BUNTING AND MURRAY CONSTRUCTION COMPANY

BUNTING AND MURRAY CONSTRUCTION COMPANYEIN 23-2268525Plan #001PY 2023

32924 LIGHTHOUSE ROAD - SELBYVILLE, DE 19975302-436-5144LinkedIn1-10 employeesconstruction

Prospect flagsHigh feesLow employer contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$3M

+16.7% from 2022

Total participants

106

+9.3% from 2022

Average account balance

$29,681

+13.2% from 2022

Annual return

14.40%

+30.13 pp from 2022

Benchmarks

See 18,047 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,047 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.49M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

103

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.

153.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$263K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1162

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$170K

$2020 / participant

Other / not subdivided$170K100.0%

% of EOY assets

5.716%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,681

$73,955-59.9%

$96,520-69.2%

$75,181-60.5%

Participation rate

92.9%

66.4%+26.4pp

74.3%+18.5pp

67.2%+25.7pp

Annual return

14.40%

26.72%-12.3pp

35.72%-21.3pp

160.69%-146.3pp

Employer contribution / active EE

$595

$2,930-79.7%

$3,739-84.1%

$2,671-77.7%

Participant deferral / active EE

$1,718

$3,659-53.0%

$4,879-64.8%

$4,126-58.4%

Admin fee / account holder

$1,696

$5,217-67.5%

$6,733-74.8%

$5,650-70.0%

BUNTING AND MURRAY CONSTRUCTION COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BUNTING AND MURRAY CONSTRUCTION COMPANY 401(K) 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