Retirement plan

BUILDERS FIRSTSOURCE 401(K) SAVINGS PLAN

Name: BUILDERS FIRSTSOURCE, INC. - BUILDERS FIRSTSOURCE 401(K) SAVINGS PLAN (2022) Form 5500
Creator: BUILDERS FIRSTSOURCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUILDERS FIRSTSOURCE 401(K) SAVINGS PLAN, BUILDERS FIRSTSOURCE, INC.

BUILDERS FIRSTSOURCE, INC.EIN 52-2084569Plan #001PY 2022

2001 BRYAN STREET, SUITE 1600 - DALLAS, TX 75201214-880-3517

Prospect flagsLow assets / participantLow employer contributionCorrective distributions

Top hat statement on fileNQDC

Filed July 19, 2023

Plan administrator

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4800 Falls of Neuse Road, Suite 300

Raleigh, NC 27609

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Plans declared (1)

Builders FirstSource Deferred Compensation Plan15 emp

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Total assets (EOY)

$1335M

-6.1% from 2016

Total participants

37,963

-5.9% from 2016

Average account balance

$41,009

+0.4% from 2016

Annual return

-9.63%

-7.63 pp from 2016

Benchmarks

See 38 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants>=10,000

Cohort38 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.73B

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

32,112

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.

82.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$138.89M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$46

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
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 15 · EIN 84-0467907	Recordkeeping	$1,163,824
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL PARTNERS LLC DBA CAPTR Service code 27 4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609	Advisory (Plan)	$71,279
PLANTE & MORAN, PLLC1 year Filed as: PLANTE & MORAN PLLC Service code 10 16060 COLLECTIONS CENTER DRIVE · CHICAGO, IL 60693	Accounting	$32,000
ROMEO WIGGINS & COMPANY, LLP1 year Service code 10 110 IOWA LANE STE 101 · CARY, NC 27511	Accounting	$15,300
WILKINS FINSTON LAW GROUP LLP1 year Service code 29 · EIN 27-5546855	Legal	$12,102
QDRO CONSULTANTS COMPANY, LLC1 year Service code 16 · EIN 34-1820650	Consulting	$900

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$42 / participant

Investment mgmt$71K5.5%
Other / not subdivided$1M94.5%

% of EOY assets

0.096%

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: ROMEO, WIGGINS & COMPANY, LLP
Auditor EIN: 561627242
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,009

$80,242-48.9%

$119,628-65.7%

$89,433-54.1%

Participation rate

82.4%

78.3%+4.1pp

79.3%+3.1pp

71.3%+11.1pp

Annual return

-9.63%

-12.97%+3.3pp

-14.98%+5.4pp

-11.88%+2.3pp

Employer contribution / active EE

$1,065

$2,684-60.3%

$4,232-74.8%

$3,021-64.7%

Participant deferral / active EE

$3,253

$4,686-30.6%

$5,601-41.9%

$5,125-36.5%

Admin fee / account holder

$40

$66-40.5%

$10,330-99.6%

$79-50.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 15 · EIN 84-0467907

Recordkeeping

$1,163,824

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL PARTNERS LLC DBA CAPTR

Service code 27

4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609

Advisory (Plan)

$71,279

PLANTE & MORAN, PLLC1 year

Filed as: PLANTE & MORAN PLLC

Service code 10

16060 COLLECTIONS CENTER DRIVE · CHICAGO, IL 60693

Accounting

$32,000

ROMEO WIGGINS & COMPANY, LLP1 year

Service code 10

110 IOWA LANE STE 101 · CARY, NC 27511

Accounting

$15,300

WILKINS FINSTON LAW GROUP LLP1 year

Service code 29 · EIN 27-5546855

Legal

$12,102

QDRO CONSULTANTS COMPANY, LLC1 year

Service code 16 · EIN 34-1820650

Consulting

$900

BUILDERS FIRSTSOURCE 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BUILDERS FIRSTSOURCE 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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