Retirement plan

BRICKLAYERS AND ALLIED CRAFTWORKERS STAFF 401(K) PLAN

Name: BOARD OF TRUSTEES OF THE BAC STAFF 401(K) PLAN - BRICKLAYERS AND ALLIED CRAFTWORKERS STAFF 401(K) PLAN (2016) Form 5500
Creator: BOARD OF TRUSTEES OF THE BAC STAFF 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRICKLAYERS AND ALLIED CRAFTWORKERS STAFF 401(K) PLAN, BOARD OF TRUSTEES OF THE BAC STAFF 401(K) PLAN

BOARD OF TRUSTEES OF THE BAC STAFF 401(K) PLANEIN 36-4801523Plan #003PY 2016

620 F STREET, NW - WASHINGTON, DC 200041618202-783-3788

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$10.6M

+11.9% from 2015

Total participants

267

+0.8% from 2015

Average account balance

$63,519

+9.9% from 2015

Annual return

8.39%

+8.67 pp from 2015

Benchmarks

See 1,686 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,686 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.22M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

177

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.

54.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.37M

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

+12.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$131

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 2 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO BANK N.A. Service code 15 · EIN 94-1347393	Recordkeeping	$26,692
COMERICA BANK2+ years Filed as: COMERICA Service code 28 · EIN 42-1741646	Investment Management	$5,524

Plan features & details

Pension benefit codes2G2J

Plan features

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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$27K

$119 / participant

Investment mgmt$27K100.0%

% of EOY assets

0.252%

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: CALIBRE CPA GROUP PLLC
Auditor EIN: 470900880
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,519

$43,423+46.3%

$78,676-19.3%

$55,167+15.1%

Participation rate

55.6%

68.0%-12.5pp

73.6%-18.0pp

69.0%-13.4pp

Annual return

8.39%

11.53%-3.1pp

62.19%-53.8pp

169.23%-160.8pp

Employer contribution / active EE

$1,997-100.0%

$2,850-100.0%

$1,963-100.0%

Participant deferral / active EE

$3,604

$2,509+43.7%

$3,517+2.5%

$3,054+18.0%

Admin fee / account holder

$160

$416-61.6%

$4,510-96.5%

$504-68.3%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2+ years

Filed as: WELLS FARGO BANK N.A.

Service code 15 · EIN 94-1347393

Recordkeeping

$26,692

COMERICA BANK2+ years

Filed as: COMERICA

Service code 28 · EIN 42-1741646

Investment Management

$5,524

BRICKLAYERS AND ALLIED CRAFTWORKERS STAFF 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRICKLAYERS AND ALLIED CRAFTWORKERS STAFF 401(K) 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