Retirement plan

B & I CONTRACTORS, INC. 401(K) PLAN

Name: B & I CONTRACTORS, INC. - B & I CONTRACTORS, INC. 401(K) PLAN (2018) Form 5500
Creator: B & I CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, B & I CONTRACTORS, INC. 401(K) PLAN, B & I CONTRACTORS, INC.

B & I CONTRACTORS, INC.EIN 59-1107790Plan #002PY 2018

2701 PRINCE STREET - FORT MYERS, FL 33916239-332-4646bandiflorida.comLinkedIn501-1000 employeesconstruction

Other plans on this EIN

2 filings

#001Retirement-$38.3M assets #003Retirement-$780K assets

Prospect flagsLow participationLow assets / participantLow employer contribution

Top hat statement on fileNQDC

Filed November 28, 2022

Plan administrator

Plan administrator name— Sign in and upgrade to view

2701 Prince Street

Fort Myers, FL 33916

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

B&I contractors, Inc Non Qualified Plan14 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$4.9M

+21.4% from 2017

Total participants

755

+40.6% from 2017

Average account balance

$8,454

-31.9% from 2017

Annual return

-0.10%

-19.26 pp from 2017

Benchmarks

See 1,182 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,182 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$21.28M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

1,237

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.

90.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$133

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Service code 64 8515 EAST ORCHARD ROAD · GREEWNWOOD VILLAGE, CO 80111	Recordkeeping Fees	$31,686
UBS FINANCIAL SERVICES INC2 years Filed as: UBS FINANCIAL SVCS INS AGCY Service code 55	Other Commissions	$10,216
BLUE CHIP RETIREMENT PLANS, INC.2 years Filed as: BLUE RIDGE ESOP ASSOCIATES Service code 13 154 HANSEN RD STE 102 · CHARLOTTESVILE, VA 22911	Contract Administrator	$6,430
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,823
UBS FINANCIAL SERVICES INC2 years Filed as: UBS FINANCIAL SVCS INS AGCY INC Service code 55 1000 HARBOR BLVD 8TH FL · WEEHAWKEN, NJ 07087	Other Commissions	$0

Plan features & details

Pension benefit codes2F2G2J2K2T3D2S

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).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$36K

$61 / participant

Contract admin$36K100.0%

% of EOY assets

0.745%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HUGHES SNELL AND COMPANY
Auditor EIN: 592309183
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,454

$56,443-85.0%

$83,848-89.9%

$55,725-84.8%

Participation rate

69.7%

72.0%-2.4pp

76.1%-6.5pp

70.9%-1.2pp

Annual return

-0.10%

393.67%-393.8pp

850.88%-851.0pp

244.93%-245.0pp

Employer contribution / active EE

$430

$2,682-84.0%

$3,631-88.2%

$2,078-79.3%

Participant deferral / active EE

$1,299

$2,965-56.2%

$4,082-68.2%

$3,356-61.3%

Admin fee / account holder

$63

$156-59.7%

$5,478-98.9%

$115-45.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Service code 64

8515 EAST ORCHARD ROAD · GREEWNWOOD VILLAGE, CO 80111

Recordkeeping Fees

$31,686

UBS FINANCIAL SERVICES INC2 years

Filed as: UBS FINANCIAL SVCS INS AGCY

Service code 55

Other Commissions

$10,216

BLUE CHIP RETIREMENT PLANS, INC.2 years

Filed as: BLUE RIDGE ESOP ASSOCIATES

Service code 13

154 HANSEN RD STE 102 · CHARLOTTESVILE, VA 22911

Contract Administrator

$6,430

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,823

UBS FINANCIAL SERVICES INC2 years

Filed as: UBS FINANCIAL SVCS INS AGCY INC

Service code 55

1000 HARBOR BLVD 8TH FL · WEEHAWKEN, NJ 07087

Other Commissions

B & I CONTRACTORS, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

B & I CONTRACTORS, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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