Retirement plan

BELFAST VALLEY CONTRACTORS, INC. 401(K) PROFIT SHARING PLAN

Name: BELFAST VALLEY CONTRACTORS, INC. - BELFAST VALLEY CONTRACTORS, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: BELFAST VALLEY CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BELFAST VALLEY CONTRACTORS, INC. 401(K) PROFIT SHARING PLAN, BELFAST VALLEY CONTRACTORS, INC.

BELFAST VALLEY CONTRACTORS, INC.EIN 52-1276582Plan #001PY 2016

3809 EDGEWATER PLACE - BALTIMORE, MD 21222410-288-2233belfastvalley.comLinkedIn1-10 employeesconstruction

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$1.1M

+11.4% from 2015

Total participants

231

+6.5% from 2015

Average account balance

$27,780

-0.3% from 2015

Annual return

5.86%

+7.11 pp from 2015

Benchmarks

See 2,382 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,382 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.88M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

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.

27.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$541K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+8.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8578

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

0 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
NORTHWESTERN MUTUAL INVESTMENT SERV2+ years Filed as: NORTHWESTERN MUTUAL Service code 15 6849 OLD DOMINION ROAD · MCLEAN, VA 22101	Recordkeeping	$4,717
ALERUS FINANCIAL, N.A.2+ years Filed as: ALERUS REVENUE Service code 15 · EIN 45-6062081	Recordkeeping	$1,592

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GARY R. BOZEL & ASSOCIATES, P.A.
Auditor EIN: 521358943
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,780

$52,884-47.5%

$84,753-67.2%

$55,167-49.6%

Participation rate

13.5%

67.5%-54.1pp

76.6%-63.1pp

69.0%-55.5pp

Annual return

5.86%

18.03%-12.2pp

22.78%-16.9pp

169.23%-163.4pp

Employer contribution / active EE

$2,233-100.0%

$3,574-100.0%

$1,963-100.0%

Participant deferral / active EE

$294

$2,644-88.9%

$3,712-92.1%

$3,054-90.4%

Admin fee / account holder

$581-100.0%

$5,333-100.0%

$504-100.0%

Provider

Service type

Compensation

NORTHWESTERN MUTUAL INVESTMENT SERV2+ years

Filed as: NORTHWESTERN MUTUAL

Service code 15

6849 OLD DOMINION ROAD · MCLEAN, VA 22101

Recordkeeping

$4,717

ALERUS FINANCIAL, N.A.2+ years

Filed as: ALERUS REVENUE

Service code 15 · EIN 45-6062081

Recordkeeping

$1,592

BELFAST VALLEY CONTRACTORS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

BELFAST VALLEY CONTRACTORS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion