Retirement plan

ASSOCIATED BUILDERS AND CONTRACTORS, INC. RETIREMENT & SAVINGS PLAN

Name: ASSOCIATED BUILDERS AND CONTRACTORS, INC. - ASSOCIATED BUILDERS AND CONTRACTORS, INC. RETIREMENT & SAVINGS PLAN (2022) Form 5500
Creator: ASSOCIATED BUILDERS AND CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASSOCIATED BUILDERS AND CONTRACTORS, INC. RETIREMENT & SAVINGS PLAN, ASSOCIATED BUILDERS AND CONTRACTORS, INC.

ASSOCIATED BUILDERS AND CONTRACTORS, INC.EIN 52-0579380Plan #001PY 2022

440 FIRST ST., NW, SUITE 200 - WASHINGTON, DC 20001202-595-1870ovabc.orgLinkedIn51-200 employeesconstruction

Prospect flagsHigh feesFailed to transmit contributions

Top hat statement on fileNQDC

Filed March 3, 2025 (most recent of 4 filings on file)

Plan administrator

Plan administrator name- on Solo, $4.99 for your first month

440 First Street NW, Suite 200

Washington, DC 20001

Email- on Solo, $4.99 for your first month Phone- on Solo, $4.99 for your first month

Plans declared (6)

Executive Long Term Retention Agreement6 emp
Plan name not on file0 emp
Plan name not on file0 emp
Plan name not on file0 emp
Plan name not on file0 emp
+1 more

Total covered: 6 employees

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How to read this page

Total assets (EOY)

$61.1M

+12.0% from 2021

Total participants

857

+51.4% from 2021

Average account balance

$88,891

-23.4% from 2021

Annual return

11.01%

+1.50 pp from 2021

Benchmarks

See 935 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort935 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$83.55M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

1,163

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.

61.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.90M

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

+14.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$341

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 6 by compensation

Provider	Service type	Compensation
AMERITAS LIFE INSURANCE CORP1 year Filed as: AMERITAS Service code 12 · EIN 47-0098400	Direct payment from the plan; Consult...	$157,995
FIDUCIARY CONSULTING GROUP1 year Filed as: FIDUCIARY CONSULTING GROUP, INC Service code 12 · EIN 20-2807852	Named fiduciary; Claims processing; D...	$89,168
NORTHWESTERN MUTUAL INVESTMENT SERV1 year Filed as: NORTHWESTERN MUTUAL WEALTH MANAGEME Service code 26 · EIN 39-2018056	Advisory (Participants)	$29,723
FREEGULLIVER, LLC1 year Filed as: FREEGULLIVER, LLC. Service code 27 · EIN 72-1498534	Advisory (Plan)	$26,208
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 82-3967259	Securities Custodian	$11,921
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T2U3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

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

$315K

$480 / participant

Investment mgmt$56K17.8%
Contract admin$259K82.2%

% of EOY assets

0.516%

all-in expense ratio

Categories reported

2 / 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: LBMC, PC
Auditor EIN: 621199757
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,891

$47,722+86.3%

$82,719+7.5%

$64,808+37.2%

Participation rate

74.1%

67.6%+6.4pp

72.6%+1.5pp

71.5%+2.6pp

Annual return

11.01%

-13.05%+24.1pp

701.18%-690.2pp

32.82%-21.8pp

Employer contribution / active EE

$3,123

$2,179+43.3%

$3,009+3.8%

$2,506+24.6%

Participant deferral / active EE

$5,093

$3,329+53.0%

$4,395+15.9%

$4,310+18.2%

Admin fee / account holder

$459

$143+220.8%

$5,329-91.4%

$188+144.2%

Provider

Service type

Compensation

AMERITAS LIFE INSURANCE CORP1 year

Filed as: AMERITAS

Service code 12 · EIN 47-0098400

Direct payment from the plan; Consult...

$157,995

FIDUCIARY CONSULTING GROUP1 year

Filed as: FIDUCIARY CONSULTING GROUP, INC

Service code 12 · EIN 20-2807852

Named fiduciary; Claims processing; D...

$89,168

NORTHWESTERN MUTUAL INVESTMENT SERV1 year

Filed as: NORTHWESTERN MUTUAL WEALTH MANAGEME

Service code 26 · EIN 39-2018056

Advisory (Participants)

$29,723

FREEGULLIVER, LLC1 year

Filed as: FREEGULLIVER, LLC.

Service code 27 · EIN 72-1498534

Advisory (Plan)

$26,208

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$11,921

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19

Securities Custodian

ASSOCIATED BUILDERS AND CONTRACTORS, INC. RETIREMENT & SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (6)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASSOCIATED BUILDERS AND CONTRACTORS, INC. RETIREMENT & SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (6)

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