Retirement plan

BRC EMPLOYEE RETIREMENT PLAN

Name: BUILDING RESTORATION CORPORATION - BRC EMPLOYEE RETIREMENT PLAN (2017) Form 5500
Creator: BUILDING RESTORATION CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRC EMPLOYEE RETIREMENT PLAN, BUILDING RESTORATION CORPORATION

BUILDING RESTORATION CORPORATIONEIN 41-1518723Plan #001PY 2017

1920 OAKCREST AVENUE, SUITE 1 - ROSEVILLE, MN 55113612-789-2800buildingrestoration.comLinkedIn51-200 employeesconstruction

Prospect flagsLow returnsHigh feesLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$4.5M

+10.9% from 2016

Total participants

144

+5.9% from 2016

Average account balance

$34,910

-1.2% from 2016

Annual return

11.15%

+14.61 pp from 2016

Benchmarks

See 2,582 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,582 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.33M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

172

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.

74.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+5.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$108

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 4 by compensation

Provider	Service type	Compensation
LPL FINANCIAL2+ years Filed as: LPL FINANCIAL, LLC Service code 27 · EIN 04-3046611	Advisory (Plan)	$19,782
TAX SHELTERED COMPENSATION, INC.2+ years Service code 15 · EIN 41-0955056 7300 METRO BLVD #450 · EDINA, MN 55439	Recordkeeping	$18,599
BOYUM & BARENSCHEER PLLP1 year Filed as: BOYUM & BARENSCHEER LLP Service code 10 · EIN 41-6192096	Accounting	$7,000
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Filed as: TRANSAMERICA RETIREMENT SERVICES CO Service code 15 · EIN 13-8689044	Recordkeeping	$4,175

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

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.
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.
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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$51K

$471 / participant

Contract admin$51K100.0%

% of EOY assets

1.140%

all-in expense ratio

Categories reported

1 / 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: BOYUM & BARENSCHEER PLLP
Auditor EIN: 416192096
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,910

$58,726-40.6%

$92,240-62.2%

$62,293-44.0%

Participation rate

86.2%

68.3%+17.9pp

76.5%+9.8pp

69.5%+16.7pp

Annual return

11.15%

43.62%-32.5pp

176.29%-165.1pp

28.90%-17.7pp

Employer contribution / active EE

$5,758

$2,392+140.7%

$3,680+56.5%

$2,042+181.9%

Participant deferral / active EE

$857

$2,766-69.0%

$3,897-78.0%

$3,169-73.0%

Admin fee / account holder

$398

$556-28.5%

$5,194-92.3%

$479-16.9%

Provider

Service type

Compensation

LPL FINANCIAL2+ years

Filed as: LPL FINANCIAL, LLC

Service code 27 · EIN 04-3046611

Advisory (Plan)

$19,782

TAX SHELTERED COMPENSATION, INC.2+ years

Service code 15 · EIN 41-0955056

7300 METRO BLVD #450 · EDINA, MN 55439

Recordkeeping

$18,599

BOYUM & BARENSCHEER PLLP1 year

Filed as: BOYUM & BARENSCHEER LLP

Service code 10 · EIN 41-6192096

Accounting

$7,000

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Filed as: TRANSAMERICA RETIREMENT SERVICES CO

Service code 15 · EIN 13-8689044

Recordkeeping

$4,175

BRC EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRC EMPLOYEE RETIREMENT 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