Retirement plan

B&W FIBERGLASS, INC. 401K PLAN

Name: B&W FIBERGLASS, INC. - B&W FIBERGLASS, INC. 401K PLAN (2022) Form 5500
Creator: B&W FIBERGLASS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, B&W FIBERGLASS, INC. 401K PLAN, B&W FIBERGLASS, INC.

B&W FIBERGLASS, INC.EIN 56-2117554Plan #001PY 2022

100 GLASS WAY - SHELBY, NC 28152704-434-8005whychoosebw.comLinkedIn201-500 employeestextiles

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$2.9M

-25.7% from 2021

Total participants

163

0.0% from 2021

Average account balance

$29,760

-21.9% from 2021

Annual return

-16.21%

-26.45 pp from 2021

Benchmarks

See 5,987 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,987 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.57M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

115.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$375K

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

+13.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2422

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

Top 2 by compensation

Provider	Service type	Compensation
EPLAN ADVISORS, LLC2 years Filed as: EPLAN ADVISORS Service code 17 · EIN 36-1543746	Pension Consulting	$9,480
LAWRENCE C. MUSGROVE ASSOCIATES3 years Filed as: LAWRENCE MARIN Service code 27 750 S NEW HOPE RD · GASTONIA, NC 20854	Advisory (Plan)	$7,861

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$20K

$171 / participant

Investment mgmt$17K88.1%
Contract admin$2K11.9%

% of EOY assets

0.689%

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: FRAZIER & DEETER, LLC
Auditor EIN: 581433845
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,760

$84,493-64.8%

$125,381-76.3%

$66,938-55.5%

Participation rate

41.7%

76.4%-34.7pp

82.4%-40.6pp

69.8%-28.1pp

Annual return

-16.21%

-8.49%-7.7pp

572.31%-588.5pp

1.58%-17.8pp

Employer contribution / active EE

$1,249

$3,554-64.9%

$4,815-74.1%

$2,545-50.9%

Participant deferral / active EE

$2,268

$6,783-66.6%

$7,448-69.5%

$4,238-46.5%

Admin fee / account holder

$205

$685-70.1%

$10,007-98.0%

$594-65.5%

Provider

Service type

Compensation

EPLAN ADVISORS, LLC2 years

Filed as: EPLAN ADVISORS

Service code 17 · EIN 36-1543746

Pension Consulting

$9,480

LAWRENCE C. MUSGROVE ASSOCIATES3 years

Filed as: LAWRENCE MARIN

Service code 27

750 S NEW HOPE RD · GASTONIA, NC 20854

Advisory (Plan)

$7,861

B&W FIBERGLASS, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

B&W FIBERGLASS, INC. 401K 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