Retirement plan

THE BRANCH GROUP INC AND AFFILIATES EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN

Name: THE BRANCH GROUP INC - THE BRANCH GROUP INC AND AFFILIATES EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN (2023) Form 5500
Creator: THE BRANCH GROUP INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE BRANCH GROUP INC AND AFFILIATES EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN, THE BRANCH GROUP INC

THE BRANCH GROUP INCEIN 54-6047677Plan #003PY 2023

PO BOX 40004 - ROANOKE, VA 240220004540-982-1678branchgroup.comLinkedIn1001-5000 employeesconstruction

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$104.7M

+19.6% from 2022

Total participants

1,595

+12.6% from 2022

Average account balance

$71,599

+2.5% from 2022

Annual return

18.28%

+19.82 pp from 2022

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$126.43M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

1,642

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+17.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$78

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$115,677
TI TRUST SERVICES5 years Service code 21 · EIN 20-1171923	Bank Trustee	$0
WILSHIRE ASSOCIATES INCORPORATED3 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2F2H2J2P2Q2T

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$116K

$98 / participant

Investment mgmt$116K100.0%

% of EOY assets

0.110%

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: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,599

$88,479-19.1%

$96,538-25.8%

$80,169-10.7%

Participation rate

88.8%

79.9%+8.9pp

74.3%+14.5pp

72.9%+15.9pp

Annual return

18.28%

22.53%-4.2pp

35.74%-17.5pp

40.39%-22.1pp

Employer contribution / active EE

$7,774

$4,177+86.1%

$3,740+107.8%

$2,978+161.0%

Participant deferral / active EE

$2,484

$3,961-37.3%

$4,880-49.1%

$5,016-50.5%

Admin fee / account holder

$79

$211-62.6%

$6,737-98.8%

$145-45.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$115,677

TI TRUST SERVICES5 years

Service code 21 · EIN 20-1171923

Bank Trustee

WILSHIRE ASSOCIATES INCORPORATED3 years

Service code 27 · EIN 95-2755361

Advisory (Plan)

THE BRANCH GROUP INC AND AFFILIATES EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE BRANCH GROUP INC AND AFFILIATES EMPLOYEE STOCK OWNERSHIP AND 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