Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF BLUE RIDGE LEGAL SERVICES, INC.

Name: BLUE RIDGE LEGAL SERVICES, INC - 403(B) THRIFT PLAN FOR EMPLOYEES OF BLUE RIDGE LEGAL SERVICES, INC. (2022) Form 5500
Creator: BLUE RIDGE LEGAL SERVICES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF BLUE RIDGE LEGAL SERVICES, INC., BLUE RIDGE LEGAL SERVICES, INC

BLUE RIDGE LEGAL SERVICES, INCEIN 54-1048944Plan #001PY 2022

204 N HIGH ST - HARRISONBURG, VA 228023802540-433-1830brls.orgLinkedIn11-50 employeeslegal services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.6M

-12.2% from 2021

Total participants

-2.2% from 2021

Average account balance

$86,701

-3.8% from 2021

Annual return

-14.09%

-27.52 pp from 2021

Benchmarks

See 9,363 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,363 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.42M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

132.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$260K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1036

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2G3D2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$181K

$5850 / participant

Other / not subdivided$181K100.0%

% of EOY assets

4.981%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,701

$54,355+59.5%

$82,744+4.8%

$68,486+26.6%

Participation rate

90.3%

63.9%+26.4pp

72.6%+17.8pp

67.9%+22.4pp

Annual return

-14.09%

-13.67%-0.4pp

702.22%-716.3pp

-7.85%-6.2pp

Employer contribution / active EE

$3,977

$2,219+79.3%

$3,008+32.2%

$2,597+53.2%

Participant deferral / active EE

$4,421

$3,246+36.2%

$4,395+0.6%

$4,028+9.8%

Admin fee / account holder

$4,318

$4,397-1.8%

$5,325-18.9%

$5,404-20.1%

403(B) THRIFT PLAN FOR EMPLOYEES OF BLUE RIDGE LEGAL SERVICES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF BLUE RIDGE LEGAL SERVICES, INC.

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