Retirement plan

THE BUILDING PEOPLE, LLC 401(K) PLAN

Name: THE BUILDING PEOPLE, LLC - THE BUILDING PEOPLE, LLC 401(K) PLAN (2023) Form 5500
Creator: THE BUILDING PEOPLE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE BUILDING PEOPLE, LLC 401(K) PLAN, THE BUILDING PEOPLE, LLC

THE BUILDING PEOPLE, LLCEIN 45-4839699Plan #001PY 2023

215 DEPOT COURT SE, 3RD FLOOR - LEESBURG, VA 20175703-669-2222thebuildingpeople.comLinkedIn201-500 employeesfacilities services

Other plans on this EIN

1 filing

#002Retirement-$149K assets

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$7.2M

+44.8% from 2022

Total participants

445

+16.5% from 2022

Average account balance

$29,976

+19.0% from 2022

Annual return

28.48%

+33.95 pp from 2022

Benchmarks

See 657 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort657 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.89M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

285

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.

52.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+41.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$309

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
VALMARK ADVISERS INC4 years Service code 26 · EIN 31-1509466 130 SPRINGSIDE DRIVE STE 300 · AKRON, OH 44333	Advisory (Participants)	$31,320
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$12,712
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$11,865
EPIC RETIREMENT PLAN SERVICES2 years Filed as: BENCHMARK RETIREMENT PLAN SERVICES Service code 13 · EIN 82-2717929 2215 PLANK RD STE 249 · FREDERICKSBURG, VA 22401	Contract Administrator	$9,520

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$58K

$149 / participant

Contract admin$58K100.0%

% of EOY assets

0.805%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SAGGAR & ROSENBERG, PC
Auditor EIN: 522190100
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,976

$56,638-47.1%

$169,397-82.3%

$74,473-59.7%

Participation rate

47.8%

67.5%-19.7pp

77.2%-29.4pp

70.7%-22.9pp

Annual return

28.48%

24.75%+3.7pp

406.23%-377.8pp

34.36%-5.9pp

Employer contribution / active EE

$1,807

$2,027-10.8%

$4,013-55.0%

$2,638-31.5%

Participant deferral / active EE

$3,415

$4,223-19.1%

$6,223-45.1%

$4,530-24.6%

Admin fee / account holder

$241

$307-21.3%

$9,017-97.3%

$347-30.5%

Provider

Service type

Compensation

VALMARK ADVISERS INC4 years

Service code 26 · EIN 31-1509466

130 SPRINGSIDE DRIVE STE 300 · AKRON, OH 44333

Advisory (Participants)

$31,320

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$12,712

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$11,865

EPIC RETIREMENT PLAN SERVICES2 years

Filed as: BENCHMARK RETIREMENT PLAN SERVICES

Service code 13 · EIN 82-2717929

2215 PLANK RD STE 249 · FREDERICKSBURG, VA 22401

Contract Administrator

$9,520

THE BUILDING PEOPLE, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE BUILDING PEOPLE, 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