Retirement plan

BEACON SALES ACQUISITION, INC. 401(K) PROFIT SHARING PLAN

Name: BEACON SALES ACQUISITION, INC. - BEACON SALES ACQUISITION, INC. 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: BEACON SALES ACQUISITION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BEACON SALES ACQUISITION, INC. 401(K) PROFIT SHARING PLAN, BEACON SALES ACQUISITION, INC.

BEACON SALES ACQUISITION, INC.EIN 36-4173366Plan #001PY 2019

505 HUNTMAR PARK DRIVE SUITE 300 - HERNDON, VA 20170571-323-3948

Prospect flagsLow returnsLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$400.2M

-15.7% from 2017

Total participants

8,492

-13.6% from 2017

Average account balance

$49,008

-2.6% from 2017

Annual return

7.63%

+9.56 pp from 2017

Benchmarks

See 43 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants5,000-9,999

Cohort43 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$653.85M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

9,305

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.

96.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$62.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+17.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$86

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 3 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS4+ years Filed as: CAPITAL RESEARCH & MANAGEMENT CO. Service code 25 · EIN 95-1411037	Directed Trustee	$31,322
MORGAN STANLEY SMITH BARNEY4+ years Service code 27 · EIN 26-4310632	Advisory (Plan)	$22,503
WELLS FARGO BANK, N.A.4+ years Filed as: WELLS FARGO BANK N A Service code 99 600 S HWY 169 12TH FLR · ST LOUIS PARK, MN 55426	Other Fees	$5,927

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$60K

$8 / participant

Contract admin$60K100.0%

% of EOY assets

0.015%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,008

$83,826-41.5%

$125,195-60.9%

$82,204-40.4%

Participation rate

95.4%

83.1%+12.3pp

79.8%+15.6pp

73.4%+22.0pp

Annual return

7.63%

22.78%-15.1pp

43.79%-36.2pp

26.31%-18.7pp

Employer contribution / active EE

$419

$2,267-81.5%

$3,866-89.2%

$2,707-84.5%

Participant deferral / active EE

$1,230

$4,293-71.3%

$4,937-75.1%

$4,246-71.0%

Admin fee / account holder

$74-90.2%

$9,704-99.9%

$76-90.3%

Provider

Service type

Compensation

AMERICAN FUNDS4+ years

Filed as: CAPITAL RESEARCH & MANAGEMENT CO.

Service code 25 · EIN 95-1411037

Directed Trustee

$31,322

MORGAN STANLEY SMITH BARNEY4+ years

Service code 27 · EIN 26-4310632

Advisory (Plan)

$22,503

WELLS FARGO BANK, N.A.4+ years

Filed as: WELLS FARGO BANK N A

Service code 99

600 S HWY 169 12TH FLR · ST LOUIS PARK, MN 55426

Other Fees

$5,927

BEACON SALES ACQUISITION, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BEACON SALES ACQUISITION, 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