Retirement plan

BULLARD ENTERPRISES 401(K) PROFIT SHARING PLAN & TRUST

Name: BULLARD ENTERPRISES LLC - BULLARD ENTERPRISES 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: BULLARD ENTERPRISES LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BULLARD ENTERPRISES 401(K) PROFIT SHARING PLAN & TRUST, BULLARD ENTERPRISES LLC

BULLARD ENTERPRISES LLCEIN 56-1269091Plan #002PY 2020

9131 ANSON WAY STE 305 - RALEIGH, NC 276153267919-847-5574

Prospect flagsLow returnsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$5.6M

+5.6% from 2019

Total participants

531

+9.3% from 2019

Average account balance

$32,694

-10.5% from 2019

Annual return

6.25%

-3.34 pp from 2019

Benchmarks

See 690 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort690 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.26M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

196

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.

32.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$584K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+9.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$209

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 2 by compensation

Provider	Service type	Compensation
TAGSTONE CAPITAL, INC.3 years Service code 15 4400 PARK ROAD · CHARLOTTE, NC 28209	Recordkeeping	$27,119
PAYCHEX, INC.4 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Recordkeeping	$12,512

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$40K

$81 / participant

Investment mgmt$27K67.1%
Contract admin$13K32.9%

% of EOY assets

0.723%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

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: S. PRESTON DOUGLAS & ASSOCIATES LLP
Auditor EIN: 560731535
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,694

$29,369+11.3%

$77,552-57.8%

$73,412-55.5%

Participation rate

28.0%

37.9%-9.9pp

54.2%-26.2pp

72.2%-44.2pp

Annual return

6.25%

358.15%-351.9pp

54.82%-48.6pp

59.30%-53.0pp

Employer contribution / active EE

$316

$406-22.1%

$987-68.0%

$2,234-85.9%

Participant deferral / active EE

$500

$941-46.9%

$1,861-73.2%

$3,806-86.9%

Admin fee / account holder

$236

$123+92.7%

$2,859-91.7%

$158+49.7%

Provider

Service type

Compensation

TAGSTONE CAPITAL, INC.3 years

Service code 15

4400 PARK ROAD · CHARLOTTE, NC 28209

Recordkeeping

$27,119

PAYCHEX, INC.4 years

Service code 15 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Recordkeeping

$12,512

BULLARD ENTERPRISES 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BULLARD ENTERPRISES 401(K) PROFIT SHARING PLAN & TRUST

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