Retirement plan

BANCROFT CONSTRUCTION COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN

Name: BANCROFT CONSTRUCTION COMPANY, INC. - BANCROFT CONSTRUCTION COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN (2024) Form 5500
Creator: BANCROFT CONSTRUCTION COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BANCROFT CONSTRUCTION COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN, BANCROFT CONSTRUCTION COMPANY, INC.

BANCROFT CONSTRUCTION COMPANY, INC.EIN 51-0246121Plan #001PY 2024

1300 N. GRANT AVENUE, SUITE 101 - WILMINGTON, DE 19806302-655-3434bancroftconstruction.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$16.7M

+14.4% from 2023

Total participants

158

+3.3% from 2023

Average account balance

$124,729

+11.9% from 2023

Annual return

15.78%

-2.98 pp from 2023

Benchmarks

See 3,451 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,451 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$16.71M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

134

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.

82.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.45M

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

+15.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$583

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 3 by compensation

Provider	Service type	Compensation
JANNEY MONTGOMERY SCOTT LLC5 years Filed as: JANNEY MONTGOMERY SCOTT, LLC Service code 26 1717 ARCH STREET · PHILADELPHIA, PA 19103	Advisory (Participants)	$39,758
NWPS5 years Service code 15 · EIN 91-2090931	Recordkeeping	$23,410
HORTY & HORTY, P.A.4 years Service code 10 · EIN 51-0218897	Accounting	$14,500

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$78K

$583 / participant

Recordkeeping$23K29.9%
Trustee / custodial$5000.6%
Investment mgmt$40K50.9%
Other / not subdivided$15K18.5%

% of EOY assets

0.468%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: HORTY & HORTY, P.A.
Auditor EIN: 510218897
Audit fees: $14,500
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$124,729

$80,724+54.5%

$103,333+20.7%

$74,495+67.4%

Participation rate

82.1%

65.7%+16.4pp

74.5%+7.6pp

67.2%+14.9pp

Annual return

15.78%

27.56%-11.8pp

24.88%-9.1pp

1364.94%-1349.2pp

Employer contribution / active EE

$2,567

$3,157-18.7%

$3,868-33.6%

$2,623-2.1%

Participant deferral / active EE

$8,291

$3,860+114.8%

$5,057+63.9%

$4,346+90.8%

Admin fee / account holder

$583

$2,368-75.4%

$8,355-93.0%

$1,942-70.0%

Provider

Service type

Compensation

JANNEY MONTGOMERY SCOTT LLC5 years

Filed as: JANNEY MONTGOMERY SCOTT, LLC

Service code 26

1717 ARCH STREET · PHILADELPHIA, PA 19103

Advisory (Participants)

$39,758

NWPS5 years

Service code 15 · EIN 91-2090931

Recordkeeping

$23,410

HORTY & HORTY, P.A.4 years

Service code 10 · EIN 51-0218897

Accounting

$14,500

BANCROFT CONSTRUCTION COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BANCROFT CONSTRUCTION COMPANY, INC. CASH OR DEFERRED 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