Retirement plan

BARNES HEALTH CARE SERVICES 401K PLAN

Name: BARNES DRUG STORES OF VALDOSTA, INC. - BARNES HEALTH CARE SERVICES 401K PLAN (2024) Form 5500
Creator: BARNES DRUG STORES OF VALDOSTA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BARNES HEALTH CARE SERVICES 401K PLAN, BARNES DRUG STORES OF VALDOSTA, INC.

BARNES DRUG STORES OF VALDOSTA, INC.EIN 58-0954259Plan #001PY 2024

200 S. PATTERSON STREET, P.O. BOX 1187 - VALDOSTA, GA 31601229-245-6039LinkedIn201-500 employeesmedical devices

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$5.3M

-7.6% from 2023

Total participants

273

-8.7% from 2023

Average account balance

$21,686

+1.9% from 2023

Annual return

11.95%

-4.31 pp from 2023

Benchmarks

See 2,310 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,310 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.29M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

244

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.

84.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$322K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$182

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 4 by compensation

Provider	Service type	Compensation
CLEMENTS, PURVIS & STEWART, PC9 years Service code 10 · EIN 58-1414947	Accounting	$15,000
APRIO BENEFIT ADVISORS LLC3 years Filed as: APRIO BENEFIT ADVISORS, LLC Service code 13 · EIN 58-2526504 2002 SUMMIT BLVD STE 120 · ATLANTA, GA 303191498	Contract Administrator	$14,789
AMERICAN FUNDS4 years Filed as: CAPITAL GROUP RETIREMENT PLAN SRVCS Service code 64 55 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$14,209
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS, LLC Service code 27 401 S TRYON ST 11TH FLOOR D1050-111 · CHARLOTTE, NC 28081	Advisory (Plan)	$10,688

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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 employer contribution
Employer contribution per participant 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.

Expense breakdown

Schedule H Part II

Admin total

$44K

$239 / participant

Investment mgmt$44K100.0%

% of EOY assets

0.837%

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: CLEMENTS, PURVIS & STEWART, PC
Auditor EIN: 581414947
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,686

$59,448-63.5%

$93,696-76.9%

$74,459-70.9%

Participation rate

84.3%

59.6%+24.7pp

68.7%+15.6pp

67.2%+17.1pp

Annual return

11.95%

82.11%-70.2pp

133.74%-121.8pp

1369.70%-1357.8pp

Employer contribution / active EE

$181

$1,266-85.7%

$2,422-92.5%

$2,626-93.1%

Participant deferral / active EE

$1,561

$3,052-48.9%

$4,417-64.7%

$4,350-64.1%

Admin fee / account holder

$182

$3,027-94.0%

$8,287-97.8%

$1,945-90.7%

Provider

Service type

Compensation

CLEMENTS, PURVIS & STEWART, PC9 years

Service code 10 · EIN 58-1414947

Accounting

$15,000

APRIO BENEFIT ADVISORS LLC3 years

Filed as: APRIO BENEFIT ADVISORS, LLC

Service code 13 · EIN 58-2526504

2002 SUMMIT BLVD STE 120 · ATLANTA, GA 303191498

Contract Administrator

$14,789

AMERICAN FUNDS4 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SRVCS

Service code 64

55 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$14,209

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO ADVISORS, LLC

Service code 27

401 S TRYON ST 11TH FLOOR D1050-111 · CHARLOTTE, NC 28081

Advisory (Plan)

$10,688

BARNES HEALTH CARE SERVICES 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARNES HEALTH CARE SERVICES 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