Retirement plan

BF&M COMPASS 401(K) U.S. MULTIPLE EMPLOYER PLAN AS ADOPTED BY ARCADIAN RISK CAPITAL LIMITED

Name: BF&M LIMITED MULTIPLE EMPLOYER PLAN BOARD OF DIRECTORS - BF&M COMPASS 401(K) U.S. MULTIPLE EMPLOYER PLAN AS ADOPTED BY ARCADIAN RISK CAPITAL LIMITED (2023) Form 5500
Creator: BF&M LIMITED MULTIPLE EMPLOYER PLAN BOARD OF DIRECTORS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BF&M COMPASS 401(K) U.S. MULTIPLE EMPLOYER PLAN AS ADOPTED BY ARCADIAN RISK CAPITAL LIMITED, BF&M LIMITED MULTIPLE EMPLOYER PLAN BOARD OF DIRECTORS

BF&M LIMITED MULTIPLE EMPLOYER PLAN BOARD OF DIRECTORSEIN 30-0915055Plan #010PY 2023

701 WESTCHESTER AVE, SUITE 320E - WHITE PLAINS, NY 10604800-872-3473

Other plans on this EIN

9 filings

#008Retirement-$1.2M assets #009Retirement-$869K assets #002Retirement-$755K assets #004Retirement-$622K assets #006Retirement-$609K assets #001Retirement-$367K assets #005Retirement-$260K assets #003Retirement-$180K assets #007Retirement--

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$68K

+104.5% from 2022

Total participants

0.0% from 2022

Average account balance

$67,747

+104.5% from 2022

Annual return

36.18%

+169.05 pp from 2022

Benchmarks

See 36,165 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort36,165 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-131.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J2T3D3B

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.)
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

$1K

$1008 / participant

Other / not subdivided$1K100.0%

% of EOY assets

1.488%

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

$67,747

$185,883-63.6%

$170,043-60.2%

$139,466-51.4%

Participation rate

100.0%

87.8%+12.2pp

87.0%+13.0pp

80.3%+19.7pp

Annual return

36.18%

60.54%-24.4pp

53.40%-17.2pp

373.66%-337.5pp

Employer contribution / active EE

$9,756

$7,596+28.4%

$6,790+43.7%

$4,754+105.2%

Participant deferral / active EE

$12,881

$11,626+10.8%

$10,410+23.7%

$6,712+91.9%

Admin fee / account holder

$1,008

$15,393-93.5%

$12,824-92.1%

$11,409-91.2%

BF&M COMPASS 401(K) U.S. MULTIPLE EMPLOYER PLAN AS ADOPTED BY ARCADIAN RISK CAPITAL LIMITED

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BF&M COMPASS 401(K) U.S. MULTIPLE EMPLOYER PLAN AS ADOPTED BY ARCADIAN RISK CAPITAL LIMITED

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