Retirement plan

ASSOCIATED BUILDERS AND CONTRACTORS, INC. RETIREMENT & SAVINGS PLAN

Name: ASSOCIATED BUILDERS AND CONTRACTORS, INC. - ASSOCIATED BUILDERS AND CONTRACTORS, INC. RETIREMENT & SAVINGS PLAN (2023) 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 2023

440 FIRST STREET NW, SUITE 200 - WASHINGTON, DC 200010000202-595-1870ovabc.orgLinkedIn51-200 employeesconstruction

Prospect flagsHigh feesLow participationFailed to transmit contributions

Top hat statement on fileNQDC

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

Plan administrator

Plan administrator name— Sign in and upgrade to view

440 First Street NW, Suite 200

Washington, DC 20001

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

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

Open the filing PDF

How to read this page

Total assets (EOY)

$71M

+16.3% from 2022

Total participants

1,455

+69.8% from 2022

Average account balance

$70,752

-20.4% from 2022

Annual return

19.36%

+8.35 pp from 2022

Benchmarks

See 268 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort268 peers

Snapshot2023

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

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

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

Service providers

Top 7 by compensation

Provider	Service type	Compensation
AMERITAS LIFE INSURANCE CORP1 year Service code 12 · EIN 47-0098400	Recordkeeping fees; Other fees; Accou...	$168,606
FIDUCIARY CONSULTING GROUP2 years Filed as: FIDUCIARY CONSULTING GROUP, INC Service code 12 · EIN 20-2807852	Direct payment from the plan; Plan Ad...	$95,702
FREEGULLIVER, LLC2 years Filed as: FREEGULLIVER, LLC. Service code 26 · EIN 72-1498534	Advisory (Participants)	$33,606
NORTHWESTERN MUTUAL INVESTMENT SERV2 years Filed as: NORTHWESTERN MUTUAL WEALTH MANAGEME Service code 26 · EIN 39-2018056	Advisory (Participants)	$31,764
LBMC, PC1 year Service code 10 · EIN 62-1199757	Accounting	$16,000
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 82-3967259	Securities Custodian	$12,671
CHARLES SCHWAB & CO., INC.1 year Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T2U3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$358K

$317 / participant

Recordkeeping$21K5.8%
Trustee / custodial$13K3.5%
Investment mgmt$66K18.4%
Contract admin$243K67.9%
Other / not subdivided$16K4.5%

% of EOY assets

0.504%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LBMC, PC
Auditor EIN: 621199757
Audit fees: $16,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,752

$52,960+33.6%

$86,640-18.3%

$80,157-11.7%

Participation rate

60.2%

62.4%-2.2pp

71.7%-11.5pp

72.9%-12.8pp

Annual return

19.36%

24.84%-5.5pp

592.52%-573.2pp

40.39%-21.0pp

Employer contribution / active EE

$2,255

$2,138+5.5%

$3,024-25.4%

$2,977-24.3%

Participant deferral / active EE

$3,470

$3,226+7.6%

$4,438-21.8%

$5,015-30.8%

Admin fee / account holder

$357

$113+215.4%

$5,616-93.6%

$145+146.2%

Provider

Service type

Compensation

AMERITAS LIFE INSURANCE CORP1 year

Service code 12 · EIN 47-0098400

Recordkeeping fees; Other fees; Accou...

$168,606

FIDUCIARY CONSULTING GROUP2 years

Filed as: FIDUCIARY CONSULTING GROUP, INC

Service code 12 · EIN 20-2807852

Direct payment from the plan; Plan Ad...

$95,702

FREEGULLIVER, LLC2 years

Filed as: FREEGULLIVER, LLC.

Service code 26 · EIN 72-1498534

Advisory (Participants)

$33,606

NORTHWESTERN MUTUAL INVESTMENT SERV2 years

Filed as: NORTHWESTERN MUTUAL WEALTH MANAGEME

Service code 26 · EIN 39-2018056

Advisory (Participants)

$31,764

LBMC, PC1 year

Service code 10 · EIN 62-1199757

Accounting

$16,000

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$12,671

CHARLES SCHWAB & CO., INC.1 year

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