Retirement plan

BUDGET MAINTENANCE INC 401K PLAN

Name: BUDGET MAINTENANCE INC - BUDGET MAINTENANCE INC 401K PLAN (2021) Form 5500
Creator: BUDGET MAINTENANCE INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUDGET MAINTENANCE INC 401K PLAN, BUDGET MAINTENANCE INC

BUDGET MAINTENANCE INCEIN 23-2912147Plan #001PY 2021

135 WALNUT STREET - POTTSTOWN, PA 19464610-327-9030budgetmaintenance.comLinkedIn51-200 employeesfacilities services

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$3.5M

+27.5% from 2020

Total participants

203

+0.5% from 2020

Average account balance

$48,942

-2.6% from 2020

Annual return

16.99%

+10.26 pp from 2020

Benchmarks

See 2,980 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,980 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.18M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

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.

30.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$678K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+16.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4895

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

Top 2 by compensation

Provider	Service type	Compensation
NATIONWIDE7+ years Service code 15 · EIN 31-4156830	Recordkeeping	$41,131
AMERIPRISE FINANCIAL SERVICES INC2 years Filed as: AMERIPRISE FINANCIAL SERVICES Service code 99 50082 AMERIPRISE FINANCIAL CTR · MINNEAPOLIS, MN 554740000	Other Fees	$0

Plan features & details

Pension benefit codes2E2G2J2K3D3H2F

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HERBEIN & COMPANY INC
Auditor EIN: 232415973
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,942

$77,677-37.0%

$109,173-55.2%

$79,391-38.4%

Participation rate

29.6%

67.8%-38.2pp

75.9%-46.3pp

70.7%-41.1pp

Annual return

16.99%

23.44%-6.5pp

25.75%-8.8pp

116.88%-99.9pp

Employer contribution / active EE

$828

$2,798-70.4%

$3,723-77.8%

$2,428-65.9%

Participant deferral / active EE

$1,334

$3,517-62.1%

$4,654-71.3%

$4,046-67.0%

Admin fee / account holder

$732-100.0%

$6,755-100.0%

$627-100.0%

Provider

Service type

Compensation

NATIONWIDE7+ years

Service code 15 · EIN 31-4156830

Recordkeeping

$41,131

AMERIPRISE FINANCIAL SERVICES INC2 years

Filed as: AMERIPRISE FINANCIAL SERVICES

Service code 99

50082 AMERIPRISE FINANCIAL CTR · MINNEAPOLIS, MN 554740000

Other Fees

BUDGET MAINTENANCE INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

BUDGET MAINTENANCE INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion