Retirement plan

BEAVER SPORTS 401(K) PLAN

Name: BEAVER SPORTS PROPERTIES, INC. - BEAVER SPORTS 401(K) PLAN (2024) Form 5500
Creator: BEAVER SPORTS PROPERTIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BEAVER SPORTS 401(K) PLAN, BEAVER SPORTS PROPERTIES, INC.

BEAVER SPORTS PROPERTIES, INC.EIN 56-1937608Plan #001PY 2024

2929 N. OXFORD STREET - CLAREMONT, NC 28610828-459-2977

Prospect flagsLow returnsHigh feesLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.3M

-11.7% from 2023

Total participants

2,343

+92.2% from 2023

Average account balance

$38,199

+16.2% from 2023

Annual return

11.13%

-4.66 pp from 2023

Benchmarks

See 949 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort949 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.25M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

216

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.

4.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$290K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$131

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

+11.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$538

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 5 by compensation

Provider	Service type	Compensation
DAVID ROMANO2 years Filed as: DAVID, HOLLAND,WHITSELL AND CO PLLC Service code 99 · EIN 56-1706742	Other Fees	$37,000
COMPASS 360, LLC2 years Service code 15 118 PORTSMOUTH AVE STE D201 · STRATHAM, NH 03885	Recordkeeping	$28,056
THE VANGUARD GROUP, INC.4 years Service code 15 · EIN 23-1945930	Recordkeeping	$27,595
MMA SECURITIES LLC4 years Filed as: MMA SECURITIES, LLC Service code 27 PO BOX 9496 · NEW YORK, NY 100874496	Advisory (Plan)	$23,507
ASCENSUS LLC4 years Service code 15 · EIN 11-3665754	Recordkeeping	$0

Plan features & details

Pension benefit codes2T2E2J2K2F2G3D3H

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

7 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.)
OpportunityLow returns
Annual investment return 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$116K

$52 / participant

Contract admin$116K100.0%

% of EOY assets

1.410%

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: DAVIDSON, HOLLAND, WHITESELL & CO
Auditor EIN: 561706742
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,199

$122,128-68.7%

$147,080-74.0%

$199,960-80.9%

Participation rate

4.2%

78.2%-74.0pp

82.2%-78.0pp

72.0%-67.8pp

Annual return

11.13%

30.58%-19.5pp

420.17%-409.0pp

34.28%-23.2pp

Employer contribution / active EE

$18

$4,093-99.6%

$4,933-99.6%

$3,036-99.4%

Participant deferral / active EE

$113

$8,484-98.7%

$8,066-98.6%

$5,087-97.8%

Admin fee / account holder

$538

$180+199.9%

$12,989-95.9%

$269+100.0%

Provider

Service type

Compensation

DAVID ROMANO2 years

Filed as: DAVID, HOLLAND,WHITSELL AND CO PLLC

Service code 99 · EIN 56-1706742

Other Fees

$37,000

COMPASS 360, LLC2 years

Service code 15

118 PORTSMOUTH AVE STE D201 · STRATHAM, NH 03885

Recordkeeping

$28,056

THE VANGUARD GROUP, INC.4 years

Service code 15 · EIN 23-1945930

Recordkeeping

$27,595

MMA SECURITIES LLC4 years

Filed as: MMA SECURITIES, LLC

Service code 27

PO BOX 9496 · NEW YORK, NY 100874496

Advisory (Plan)

$23,507

ASCENSUS LLC4 years

Service code 15 · EIN 11-3665754

Recordkeeping

BEAVER SPORTS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BEAVER SPORTS 401(K) 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