Retirement plan

B-N-B MAINTENANCE SERVICES, LLC RETIREMENT PLAN

Name: B-N-B MAINTENANCE SERVICES, LLC - B-N-B MAINTENANCE SERVICES, LLC RETIREMENT PLAN (2024) Form 5500
Creator: B-N-B MAINTENANCE SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, B-N-B MAINTENANCE SERVICES, LLC RETIREMENT PLAN, B-N-B MAINTENANCE SERVICES, LLC

B-N-B MAINTENANCE SERVICES, LLCEIN 27-4464418Plan #001PY 2024

33374 FM 1488 - HEMPSTEAD, TX 77445713-253-7236bnbmaintenanceservices.comLinkedIn1-10 employeesoil & energy

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.4M

+22.3% from 2023

Total participants

+10.5% from 2023

Average account balance

$66,916

+10.6% from 2023

Annual return

16.27%

+6.28 pp from 2023

Benchmarks

See 9,715 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort9,715 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.41M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

190.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$69K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15

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 codes2E2F2G2J3D

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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$325

$30 / participant

Other / not subdivided$325100.0%

% of EOY assets

0.023%

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

$66,916

$90,530-26.1%

$76,030-12.0%

$145,897-54.1%

Participation rate

100.0%

74.4%+25.6pp

69.1%+30.9pp

80.3%+19.7pp

Annual return

16.27%

625.08%-608.8pp

361.54%-345.3pp

552.29%-536.0pp

Employer contribution / active EE

$2,032

$3,319-38.8%

$2,688-24.4%

$4,663-56.4%

Participant deferral / active EE

$4,226

$5,164-18.2%

$4,257-0.7%

$6,689-36.8%

Admin fee / account holder

$15

$8,383-99.8%

$6,421-99.8%

$13,390-99.9%

B-N-B MAINTENANCE SERVICES, LLC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

B-N-B MAINTENANCE SERVICES, 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