Retirement plan

NBI, INC. PROFIT SHARING AND 401(K) PLAN

Name: 931173 - NBI, INC. PROFIT SHARING AND 401(K) PLAN (2024) Form 5500
Creator: 931173
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NBI, INC. PROFIT SHARING AND 401(K) PLAN, 931173

931173EIN 39-1768861Plan #001PY 2024

1218 MCCANN DRIVE - ALTOONA, WI 54720715-855-8609

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$15.9M

+13.5% from 2023

Total participants

152

+0.7% from 2023

Average account balance

$106,142

+14.3% from 2023

Annual return

11.82%

-2.75 pp from 2023

Benchmarks

See 1,577 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,577 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.92M

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.

150

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$456

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
MMA SECURITIES LLC8 years Service code 27 PO BOX 9497 · NEW YORK, NY 10087	Advisory (Plan)	$33,109
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$22,528
BOYUM & BARENSCHEER PLLP10+ years Service code 10 3050 METRO DRIVE STE 200 · MINNEAPOLIS, MN 55425	Accounting	$12,700

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3F3H

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

1 tripped

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

$639 / participant

Recordkeeping$23K33.0%
Investment mgmt$33K48.4%
Other / not subdivided$13K18.6%

% of EOY assets

0.429%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BOYUM BARENSCHEER PLLP
Auditor EIN: 416192096
Audit fees: $12,700
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,142

$69,774+52.1%

$67,575+57.1%

$74,459+42.6%

Participation rate

98.1%

71.4%+26.7pp

72.9%+25.2pp

67.2%+30.9pp

Annual return

11.82%

-40.53%+52.3pp

3528.98%-3517.2pp

1369.70%-1357.9pp

Employer contribution / active EE

$4,531

$2,710+67.2%

$2,736+65.6%

$2,626+72.6%

Participant deferral / active EE

$5,048

$3,636+38.8%

$4,003+26.1%

$4,350+16.1%

Admin fee / account holder

$456

$890-48.8%

$3,993-88.6%

$1,945-76.6%

Provider

Service type

Compensation

MMA SECURITIES LLC8 years

Service code 27

PO BOX 9497 · NEW YORK, NY 10087

Advisory (Plan)

$33,109

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$22,528

BOYUM & BARENSCHEER PLLP10+ years

Service code 10

3050 METRO DRIVE STE 200 · MINNEAPOLIS, MN 55425

Accounting

$12,700

NBI, INC. PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NBI, INC. PROFIT SHARING AND 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