Retirement plan

BUCHANAN GROUP, INC. 401(K) RETIREMENT PLAN

Name: BUCHANAN GROUP, INC. - BUCHANAN GROUP, INC. 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: BUCHANAN GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUCHANAN GROUP, INC. 401(K) RETIREMENT PLAN, BUCHANAN GROUP, INC.

BUCHANAN GROUP, INC.EIN 35-1698600Plan #001PY 2024

2020 MONTCALM ST. - INDIANAPOLIS, IN 46202317-396-2524buchanangroup.orgLinkedIn201-500 employeesfacilities services

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$21.6M

-3.5% from 2023

Total participants

451

-0.7% from 2023

Average account balance

$106,087

+7.4% from 2023

Annual return

14.46%

-3.03 pp from 2023

Benchmarks

See 1,033 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,033 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.64M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

204

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.

32.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$331

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
NATIONWIDE7 years Service code 37 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Loan Processing	$51,127
ERISA SMART6 years Service code 31 · EIN 45-5529798 2419 E HARBOR BLVD · VENTURA, CA 93001	Named fiduciary; Direct payment from ...	$17,720
LJI WEALTH MANAGEMENT, LLC6 years Service code 26 · EIN 26-0237809 6569 CARROLLTON AVE · INDIANAPOLIS, IN 46220	Advisory (Participants)	$17,716
AMERICAN REALTY ADVISORS7 years Filed as: AMERICAN PENSION ADVISORS, LTD. Service code 15 · EIN 35-2015845 9265 COUNSELORS ROW · INDIANAPOLIS, IN 46240	Recordkeeping	$5,490

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$68K

$186 / participant

Other / not subdivided$68K100.0%

% of EOY assets

0.312%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: L.M. HENDERSON & CO. LLP
Auditor EIN: 205520612
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,087

$66,009+60.7%

$81,780+29.7%

$77,692+36.5%

Participation rate

32.1%

65.8%-33.7pp

72.4%-40.2pp

70.6%-38.4pp

Annual return

14.46%

26.66%-12.2pp

776.27%-761.8pp

31.25%-16.8pp

Employer contribution / active EE

$1,295

$2,374-45.4%

$2,914-55.5%

$2,726-52.5%

Participant deferral / active EE

$2,523

$3,510-28.1%

$4,321-41.6%

$4,648-45.7%

Admin fee / account holder

$331

$527-37.2%

$7,384-95.5%

$431-23.1%

Provider

Service type

Compensation

NATIONWIDE7 years

Service code 37

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Loan Processing

$51,127

ERISA SMART6 years

Service code 31 · EIN 45-5529798

2419 E HARBOR BLVD · VENTURA, CA 93001

Named fiduciary; Direct payment from ...

$17,720

LJI WEALTH MANAGEMENT, LLC6 years

Service code 26 · EIN 26-0237809

6569 CARROLLTON AVE · INDIANAPOLIS, IN 46220

Advisory (Participants)

$17,716

AMERICAN REALTY ADVISORS7 years

Filed as: AMERICAN PENSION ADVISORS, LTD.

Service code 15 · EIN 35-2015845

9265 COUNSELORS ROW · INDIANAPOLIS, IN 46240

Recordkeeping

$5,490

BUCHANAN GROUP, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BUCHANAN GROUP, INC. 401(K) 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