Retirement plan

FBG SERVICE 401(K) RETIREMENT PLAN

Name: FBG SERVICE CORPORATION - FBG SERVICE 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: FBG SERVICE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FBG SERVICE 401(K) RETIREMENT PLAN, FBG SERVICE CORPORATION

FBG SERVICE CORPORATIONEIN 47-0460916Plan #003PY 2024

407 S 27TH AVE - OMAHA, NE 681313609800-777-8326

Other plans on this EIN

1 filing

#002Retirement-$38.3M assets

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.2M

+25.5% from 2023

Total participants

589

-5.6% from 2023

Average account balance

$45,913

+32.4% from 2023

Annual return

38.85%

+13.09 pp from 2023

Benchmarks

See 832 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort832 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.18M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

200

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.

22.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$628K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+38.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$241

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290	Contract Administrator	$48,192
PRINCIPAL LIFE INSURANCE COMPANY7 years Filed as: PRINCIPAL SECURITIES INC Service code 27 · EIN 42-0941553	Advisory (Plan)	$20,155

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

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

$48K

$96 / participant

Contract admin$48K100.0%

% of EOY assets

0.525%

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: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,913

$45,109+1.8%

$85,240-46.1%

$77,762-41.0%

Participation rate

22.7%

48.7%-26.0pp

67.5%-44.9pp

70.6%-47.9pp

Annual return

38.85%

79.55%-40.7pp

66.75%-27.9pp

31.27%+7.6pp

Employer contribution / active EE

$1,602-100.0%

$2,735-100.0%

$2,728-100.0%

Participant deferral / active EE

$1,249

$2,814-55.6%

$4,527-72.4%

$4,651-73.2%

Admin fee / account holder

$241

$915-73.7%

$6,165-96.1%

$433-44.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY9+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$48,192

PRINCIPAL LIFE INSURANCE COMPANY7 years

Filed as: PRINCIPAL SECURITIES INC

Service code 27 · EIN 42-0941553

Advisory (Plan)

$20,155

FBG SERVICE 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FBG SERVICE 401(K) 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