Retirement plan

BK TILE & STONE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: BK TILE & STONE, INC. - BK TILE & STONE, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: BK TILE & STONE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BK TILE & STONE, INC. 401(K) PROFIT SHARING PLAN AND TRUST, BK TILE & STONE, INC.

BK TILE & STONE, INC.EIN 27-2513673Plan #001PY 2022

215 BLACK MEADOW RD - CHESTER, NY 109182231845-210-3535bktile-stone.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$460K

+7.6% from 2021

Total participants

0.0% from 2021

Average account balance

$38,342

+7.6% from 2021

Annual return

-16.36%

-29.65 pp from 2021

Benchmarks

See 48,287 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort48,287 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$853K

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$125K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+14.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$461

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 codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$44K

$4378 / participant

Other / not subdivided$44K100.0%

% of EOY assets

9.514%

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

$38,342

$134,001-71.4%

$112,258-65.8%

$134,509-71.5%

Participation rate

90.0%

78.6%+11.4pp

75.1%+14.9pp

81.2%+8.8pp

Annual return

-16.36%

47.15%-63.5pp

27.47%-43.8pp

418.13%-434.5pp

Employer contribution / active EE

$3,277

$4,039-18.9%

$3,636-9.9%

$4,741-30.9%

Participant deferral / active EE

$11,005

$5,291+108.0%

$4,728+132.7%

$6,400+71.9%

Admin fee / account holder

$3,648

$7,491-51.3%

$6,411-43.1%

$11,427-68.1%

BK TILE & STONE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BK TILE & STONE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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