Retirement plan

BUILDERS INSULATION HOLDINGS, INC. PROFIT SHARING PLAN

Name: BUILDERS INSULATION HOLDINGS, INC. - BUILDERS INSULATION HOLDINGS, INC. PROFIT SHARING PLAN (2022) Form 5500
Creator: BUILDERS INSULATION HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUILDERS INSULATION HOLDINGS, INC. PROFIT SHARING PLAN, BUILDERS INSULATION HOLDINGS, INC.

BUILDERS INSULATION HOLDINGS, INC.EIN 46-4464378Plan #002PY 2022

P.O. 7788 - MADISON, WI 537077788407-493-8690

Prospect flagsLow returnsLow assets / participantLow fidelity bondFailed to provide benefit

How to read this page

Total assets (EOY)

$4.2M

+63.7% from 2021

Total participants

485

+18.9% from 2021

Average account balance

$8,922

+10.3% from 2021

Annual return

-17.91%

-26.97 pp from 2021

Benchmarks

See 1,393 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,393 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.10M

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

497

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.

73.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+8.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$120

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 2 by compensation

Provider	Service type	Compensation
NFP RETIREMENT INC3 years Filed as: NFP RETIREMENT Service code 10 · EIN 33-0905143	Accounting	$14,033
BAKER TILLY US, LLP4 years Service code 10 · EIN 39-0859910	Accounting	$12,600

Plan features & details

Pension benefit codes2A2E2F2G2T3D3H

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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$40K

$103 / participant

Other / not subdivided$40K100.0%

% of EOY assets

0.948%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,922

$106,236-91.6%

$112,263-92.1%

$64,824-86.2%

Participation rate

96.6%

71.7%+25.0pp

75.1%+21.6pp

71.5%+25.2pp

Annual return

-17.91%

-6.02%-11.9pp

27.49%-45.4pp

32.84%-50.8pp

Employer contribution / active EE

$5,641

$3,167+78.1%

$3,636+55.1%

$2,507+125.0%

Participant deferral / active EE

$3,786-100.0%

$4,729-100.0%

$4,311-100.0%

Admin fee / account holder

$85

$452-81.3%

$6,410-98.7%

$188-55.0%

Provider

Service type

Compensation

NFP RETIREMENT INC3 years

Filed as: NFP RETIREMENT

Service code 10 · EIN 33-0905143

Accounting

$14,033

BAKER TILLY US, LLP4 years

Service code 10 · EIN 39-0859910

Accounting

$12,600

BUILDERS INSULATION HOLDINGS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BUILDERS INSULATION HOLDINGS, INC. PROFIT SHARING 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