Retirement plan

BBP SALES, LLC 401(K) PLAN

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

BBP SALES, LLCEIN 46-0760814Plan #001PY 2023

337 HIGHLANDIA DRIVE - BATON ROUGE, LA 70810225-751-4142

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$15.5M

+29.7% from 2022

Total participants

162

+5.9% from 2022

Average account balance

$130,260

+15.5% from 2022

Annual return

19.53%

+37.40 pp from 2022

Benchmarks

See 503 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort503 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.24M

Not enough data

1 years with asset history on file

Average account balance

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

$120K

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.

144

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.

74.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$59

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
NATIONWIDE2 years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$53,631
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 26 1 NEW YORK PLAZA, 12TH FL · NEW YORK, NY 10004	Advisory (Participants)	$33,307
SENTINEL PENSION LLC2 years Service code 10 6811 JEFFERSON HWY · BATON ROUGE, LA 70806	Accounting	$12,020

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

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).

Expense breakdown

Schedule H Part II

Admin total

$6K

$42 / participant

Contract admin$6K100.0%

% of EOY assets

0.039%

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: ERICKSEN KRENTEL, LLP
Auditor EIN: 720549733
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$130,260

$51,283+154.0%

$95,728+36.1%

$71,495+82.2%

Participation rate

69.7%

63.1%+6.6pp

72.3%-2.5pp

67.9%+1.8pp

Annual return

19.53%

25.25%-5.7pp

28.40%-8.9pp

28.85%-9.3pp

Employer contribution / active EE

$4,349

$1,817+139.3%

$2,835+53.4%

$2,589+67.9%

Participant deferral / active EE

$7,791

$3,365+131.5%

$4,245+83.5%

$4,291+81.6%

Admin fee / account holder

$50

$1,135-95.6%

$5,673-99.1%

$1,588-96.8%

Provider

Service type

Compensation

NATIONWIDE2 years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$53,631

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 26

1 NEW YORK PLAZA, 12TH FL · NEW YORK, NY 10004

Advisory (Participants)

$33,307

SENTINEL PENSION LLC2 years

Service code 10

6811 JEFFERSON HWY · BATON ROUGE, LA 70806

Accounting

$12,020

BBP SALES, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BBP SALES, 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