Retirement plan

BMC GROWTH FUND II, LLC 401(K) PLAN

Name: BMC GROWTH FUND II, LLC - BMC GROWTH FUND II, LLC 401(K) PLAN (2020) Form 5500
Creator: BMC GROWTH FUND II, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BMC GROWTH FUND II, LLC 401(K) PLAN, BMC GROWTH FUND II, LLC

BMC GROWTH FUND II, LLCEIN 38-4091731Plan #001PY 2020

2991 NEWMARK DR. - MIAMISBURG, OH 45342937-291-4110

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionLow fidelity bondFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4.7M

+37.6% from 2019

Total participants

292

+75.9% from 2019

Average account balance

$26,237

+0.7% from 2019

Annual return

28.60%

+28.60 pp from 2019

Benchmarks

See 1,455 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,455 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.52M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

116

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.

44.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$725K

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

+11.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$375

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
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$33,630
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY INS SERVICES INC. Service code 53	Insurance Commissions	$7,848
BENEFIT SOLUTIONS, ETC.2+ years Service code 13 · EIN 81-3186048 2312 FAR HILLS AVE. SUITE 144 · DAYTON, OH 45419	Contract Administrator	$0
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANELY INS SERVICES INC. Service code 53 · EIN 51-0116113	Insurance Commissions	$0

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

7 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$34K

$119 / participant

Investment mgmt$28K83.7%
Contract admin$5K16.3%

% of EOY assets

0.716%

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: BARNES, DENNIG & CO., LTD
Auditor EIN: 311119890
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,237

$111,608-76.5%

$177,840-85.2%

$73,412-64.3%

Participation rate

60.1%

87.9%-27.8pp

87.7%-27.6pp

72.2%-12.1pp

Annual return

28.60%

18.23%+10.4pp

48.32%-19.7pp

59.30%-30.7pp

Employer contribution / active EE

$276

$3,796-92.7%

$5,919-95.3%

$2,234-87.6%

Participant deferral / active EE

$1,686

$6,199-72.8%

$7,714-78.1%

$3,806-55.7%

Admin fee / account holder

$188

$166+13.5%

$12,431-98.5%

$158+19.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$33,630

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY INS SERVICES INC.

Service code 53

Insurance Commissions

$7,848

BENEFIT SOLUTIONS, ETC.2+ years

Service code 13 · EIN 81-3186048

2312 FAR HILLS AVE. SUITE 144 · DAYTON, OH 45419

Contract Administrator

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN STANELY INS SERVICES INC.

Service code 53 · EIN 51-0116113

Insurance Commissions

BMC GROWTH FUND II, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BMC GROWTH FUND II, LLC 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