Retirement plan

BCN ADMINISTRATIVE SERVICES MULTIPLE EMPLOYER PLAN

Name: BCN ADMINISTRATIVE SERVICES, INC. - BCN ADMINISTRATIVE SERVICES MULTIPLE EMPLOYER PLAN (2017) Form 5500
Creator: BCN ADMINISTRATIVE SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BCN ADMINISTRATIVE SERVICES MULTIPLE EMPLOYER PLAN, BCN ADMINISTRATIVE SERVICES, INC.

BCN ADMINISTRATIVE SERVICES, INC.EIN 38-3358642Plan #333PY 2017

3650 W. LIBERTY ROAD - ANN ARBOR, MI 48103734-994-4100LinkedIn1001-5000 employeeshuman resources

Prospect flagsLow returnsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$49.1M

+15.2% from 2016

Total participants

2,286

-4.9% from 2016

Average account balance

$49,570

+20.7% from 2016

Annual return

12.21%

+2.00 pp from 2016

Benchmarks

See 299 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort299 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.03M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

1,465

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.

33.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

-6.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$416

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
SLAVIC INTEGRATED ADMINISTRATION3+ years Service code 15 · EIN 65-0608221	Recordkeeping	$222,659
BCN ADMINISTRATIVE SERVICES, INC.3+ years Filed as: BCN ADMINISTRATIVE SERVICES Service code 14 · EIN 38-3358642	Plan Administrator	$131,363
SLAVIC INTEGRATED ADMINISTRATION3+ years Filed as: SLAVIC MUTUAL FUND MANAGEMENT CORP Service code 28 · EIN 59-2749576	Investment Management	$50,729

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

Opportunity flags

4 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$405K

$209 / participant

Investment mgmt$51K12.5%
Contract admin$354K87.5%

% of EOY assets

0.825%

all-in expense ratio

Categories reported

2 / 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: MRPR GROUP
Auditor EIN: 382141969
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,570

$43,717+13.4%

$81,473-39.2%

$77,958-36.4%

Participation rate

33.2%

42.5%-9.3pp

68.0%-34.7pp

71.6%-38.4pp

Annual return

12.21%

23.83%-11.6pp

38.78%-26.6pp

20.87%-8.7pp

Employer contribution / active EE

$668

$919-27.3%

$2,568-74.0%

$2,310-71.1%

Participant deferral / active EE

$1,470

$1,783-17.6%

$3,537-58.4%

Admin fee / account holder

$409

$108+278.9%

$4,561-91.0%

$97+319.8%

Provider

Service type

Compensation

SLAVIC INTEGRATED ADMINISTRATION3+ years

Service code 15 · EIN 65-0608221

Recordkeeping

$222,659

BCN ADMINISTRATIVE SERVICES, INC.3+ years

Filed as: BCN ADMINISTRATIVE SERVICES

Service code 14 · EIN 38-3358642

Plan Administrator

$131,363

SLAVIC INTEGRATED ADMINISTRATION3+ years

Filed as: SLAVIC MUTUAL FUND MANAGEMENT CORP

Service code 28 · EIN 59-2749576

Investment Management

$50,729

BCN ADMINISTRATIVE SERVICES MULTIPLE EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BCN ADMINISTRATIVE SERVICES MULTIPLE EMPLOYER 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