Retirement plan

BWBR ARCHITECTS, INC. PROFIT SHARING AND 401(K) PLAN

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

BWBR ARCHITECTS, INC.EIN 41-0823721Plan #001PY 2024

380 ST. PETER STREET, SUITE 600 - ST. PAUL, MN 55102651-290-1876

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$55.8M

+18.0% from 2023

Total participants

264

-5.7% from 2023

Average account balance

$212,928

+16.2% from 2023

Annual return

15.21%

-3.71 pp from 2023

Benchmarks

See 6,285 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,285 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$55.79M

Not enough data

1 years with asset history on file

Average account balance

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

$213K

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.

262

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+15.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$310

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
MARKS GROUP WEALTH MANAGEMENT10+ years Service code 27 · EIN 26-3675041	Advisory (Plan)	$80,000
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 12 · EIN 13-3689044	Claims processing; Participant commun...	$1,274
NATIONAL FINANCIAL SERVICES10+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$81K

$442 / participant

Recordkeeping$1K1.6%
Investment mgmt$80K98.4%

% of EOY assets

0.146%

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: BOULAY PLLP
Auditor EIN: 410887288
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$212,928

$101,591+109.6%

$147,096+44.8%

$74,429+186.1%

Participation rate

98.9%

75.5%+23.4pp

82.2%+16.7pp

67.2%+31.7pp

Annual return

15.21%

8746.45%-8731.2pp

419.75%-404.5pp

1368.38%-1353.2pp

Employer contribution / active EE

$11,925

$3,813+212.8%

$4,936+141.6%

$2,625+354.3%

Participant deferral / active EE

$11,661

$7,302+59.7%

$8,071+44.5%

$4,348+168.2%

Admin fee / account holder

$310

$1,750-82.3%

$13,005-97.6%

$1,944-84.0%

Provider

Service type

Compensation

MARKS GROUP WEALTH MANAGEMENT10+ years

Service code 27 · EIN 26-3675041

Advisory (Plan)

$80,000

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Service code 12 · EIN 13-3689044

Claims processing; Participant commun...

$1,274

NATIONAL FINANCIAL SERVICES10+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

BWBR ARCHITECTS, INC. PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BWBR ARCHITECTS, 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