Retirement plan

BSC ACQUISITION SUB, LLC 401(K) SAVINGS PLAN

Name: BSC ACQUISTION SUB, LLC - BSC ACQUISITION SUB, LLC 401(K) SAVINGS PLAN (2023) Form 5500
Creator: BSC ACQUISTION SUB, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BSC ACQUISITION SUB, LLC 401(K) SAVINGS PLAN, BSC ACQUISTION SUB, LLC

BSC ACQUISTION SUB, LLCEIN 52-2287255Plan #001PY 2023

7702 PLANTATION ROAD - ROANOKE, VA 24019540-265-6269LinkedIn1-10 employeespaper & forest products

Prospect flagsHigh feesLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$26M

+19.0% from 2022

Total participants

355

-12.3% from 2022

Average account balance

$84,311

+32.2% from 2022

Annual return

17.88%

+35.69 pp from 2022

Benchmarks

See 1,153 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,153 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.76M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

280

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.

85.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$821

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 2 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES6 years Service code 27 · EIN 59-1531281	Advisory (Plan)	$113,185
TRANSAMERICA RETIREMENT SOLUTIONS6 years Service code 15 · EIN 13-3689044	Recordkeeping	$85,131

Plan features & details

Pension benefit codes2F2G2J2K2S2T3D

Plan features

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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$198K

$644 / participant

Recordkeeping$85K42.9%
Investment mgmt$113K57.1%

% of EOY assets

0.764%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BROWN, EDWARDS & COMPANY, L.L,P,
Auditor EIN: 540504608
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,311

$84,784-0.6%

$98,461-14.4%

$74,460+13.2%

Participation rate

84.7%

81.5%+3.2pp

75.2%+9.6pp

70.7%+14.0pp

Annual return

17.88%

20.59%-2.7pp

21.17%-3.3pp

34.38%-16.5pp

Employer contribution / active EE

$856

$3,364-74.5%

$3,049-71.9%

$2,638-67.5%

Participant deferral / active EE

$3,639

$5,218-30.3%

$4,738-23.2%

$4,530-19.7%

Admin fee / account holder

$644

$204+214.9%

$8,961-92.8%

$348+85.1%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES6 years

Service code 27 · EIN 59-1531281

Advisory (Plan)

$113,185

TRANSAMERICA RETIREMENT SOLUTIONS6 years

Service code 15 · EIN 13-3689044

Recordkeeping

$85,131

BSC ACQUISITION SUB, LLC 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BSC ACQUISITION SUB, LLC 401(K) SAVINGS 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