Retirement plan

BOGART ASSOCIATES OF NORTHERN VIRGINIA, LLC 401(K) PLAN

Name: BOGART ASSOCIATES OF NORTHERN VIRGINIA, LLC - BOGART ASSOCIATES OF NORTHERN VIRGINIA, LLC 401(K) PLAN (2023) Form 5500
Creator: BOGART ASSOCIATES OF NORTHERN VIRGINIA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOGART ASSOCIATES OF NORTHERN VIRGINIA, LLC 401(K) PLAN, BOGART ASSOCIATES OF NORTHERN VIRGINIA, LLC

BOGART ASSOCIATES OF NORTHERN VIRGINIA, LLCEIN 43-2012065Plan #001PY 2023

1768 BUSINESS CENTER DRIVE, SUITE 310 - RESTON, VA 20190703-347-6640bainova.comLinkedIn201-500 employeesinformation technology and services

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$41.5M

+24.6% from 2022

Total participants

366

+3.1% from 2022

Average account balance

$130,777

+20.6% from 2022

Annual return

20.50%

-10.35 pp from 2022

Benchmarks

See 3,232 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,232 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$48.23M

Not enough data

1 years with asset history on file

Average account balance

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

$156K

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.

310

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.

86.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.11M

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

+16.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$458

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 1 by compensation

Provider	Service type	Compensation
GROVE POINT INVESTMENTS LLC3 years Filed as: GROVE POINT INVESTMENTS, LLC Service code 27 · EIN 52-1321340 6800 ROCKLEDGE DRIVE · BETHESDA, MD 20817	Advisory (Plan)	$50,000

Plan features & details

Pension benefit codes2G2F2J2K2T3D2E

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.
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.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$109K

$426 / participant

Recordkeeping$5K4.2%
Contract admin$104K95.8%

% of EOY assets

0.263%

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: UHY LLP
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$130,777

$95,417+37.1%

$135,974-3.8%

$74,460+75.6%

Participation rate

80.9%

78.2%+2.6pp

81.9%-1.1pp

70.7%+10.1pp

Annual return

20.50%

32.76%-12.3pp

68.30%-47.8pp

34.38%-13.9pp

Employer contribution / active EE

$7,889

$3,878+103.4%

$4,859+62.4%

$2,638+199.0%

Participant deferral / active EE

$14,276

$7,789+83.3%

$7,760+84.0%

$4,530+215.1%

Admin fee / account holder

$344

$266+29.2%

$10,767-96.8%

$348-1.1%

Provider

Service type

Compensation

GROVE POINT INVESTMENTS LLC3 years

Filed as: GROVE POINT INVESTMENTS, LLC

Service code 27 · EIN 52-1321340

6800 ROCKLEDGE DRIVE · BETHESDA, MD 20817

Advisory (Plan)

$50,000

BOGART ASSOCIATES OF NORTHERN VIRGINIA, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOGART ASSOCIATES OF NORTHERN VIRGINIA, 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