Retirement plan

BLANKENBERGER BROTHERS, INC. 401(K) PROFIT SHARING PLAN

Name: BLANKENBERGER BROTHERS, INC. - BLANKENBERGER BROTHERS, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: BLANKENBERGER BROTHERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLANKENBERGER BROTHERS, INC. 401(K) PROFIT SHARING PLAN, BLANKENBERGER BROTHERS, INC.

BLANKENBERGER BROTHERS, INC.EIN 35-1057095Plan #001PY 2020

11700 WATER TANK RD. - CYNTHIANA, IN 476129705812-845-2717bbidigs.comLinkedIn501-1000 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$4.9M assets

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$18.1M

+7.4% from 2019

Total participants

119

-10.5% from 2019

Average account balance

$151,842

+19.2% from 2019

Annual return

13.13%

-6.06 pp from 2019

Benchmarks

See 16,250 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,250 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.94M

Not enough data

1 years with asset history on file

Average account balance

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

$217K

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.

255.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$601K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+14.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6120

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

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
COMPENSATION SYSTEMS, INC.6+ years Filed as: COMPENSATION SYSTEMS INC. Service code 13	Contract Administrator	$20,074
GLOBAL RETIREMENT PARTNERS LLC4 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$16,164
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 49 · EIN 04-1590850	Other Services	$2,719
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTORS SERVICES Service code 53	Insurance Commissions	$571
COMPENSATION SYSTEMS, INC.2 years Filed as: COMPENSATION SYSTEMS INC Service code 15 · EIN 35-1277460	Recordkeeping	$0
COMPENSATION SYSTEMS, INC.6+ years Service code 13 · EIN 35-1277460	Contract Administrator	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49	Other Services	$0
MFS INVESTMENT MANAGEMENT4 years Service code 52	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTORS SERVICES INC Service code 53 · EIN 04-2746212	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

1 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$19K

$590 / participant

Other / not subdivided$19K100.0%

% of EOY assets

0.105%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HARDING SHYMANSKI & CO, PSC
Auditor EIN: 351346211
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$151,842

$72,269+110.1%

$101,271+49.9%

$79,852+90.2%

Participation rate

100.0%

68.5%+31.5pp

75.8%+24.2pp

69.6%+30.4pp

Annual return

13.13%

22.29%-9.2pp

46.48%-33.3pp

31.72%-18.6pp

Employer contribution / active EE

$6,009

$2,692+123.2%

$3,660+64.2%

$2,471+143.2%

Participant deferral / active EE

$7,453

$3,282+127.1%

$4,371+70.5%

$3,740+99.3%

Admin fee / account holder

$159

$4,401-96.4%

$5,948-97.3%

$5,306-97.0%

Provider

Service type

Compensation

COMPENSATION SYSTEMS, INC.6+ years

Filed as: COMPENSATION SYSTEMS INC.

Service code 13

Contract Administrator

$20,074

GLOBAL RETIREMENT PARTNERS LLC4 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$16,164

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 49 · EIN 04-1590850

Other Services

$2,719

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTORS SERVICES

Service code 53

Insurance Commissions

$571

COMPENSATION SYSTEMS, INC.2 years

Filed as: COMPENSATION SYSTEMS INC

Service code 15 · EIN 35-1277460

Recordkeeping

COMPENSATION SYSTEMS, INC.6+ years

Service code 13 · EIN 35-1277460

Contract Administrator

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49

Other Services

MFS INVESTMENT MANAGEMENT4 years

Service code 52

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTORS SERVICES INC

Service code 53 · EIN 04-2746212

Insurance Commissions

BLANKENBERGER BROTHERS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLANKENBERGER BROTHERS, INC. 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