Retirement plan

BBS ENTERPRISES, INC. PROFIT SHARING PLAN

Name: BBS ENTERPRISES, INC - BBS ENTERPRISES, INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: BBS ENTERPRISES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BBS ENTERPRISES, INC. PROFIT SHARING PLAN, BBS ENTERPRISES, INC

BBS ENTERPRISES, INCEIN 61-1937922Plan #001PY 2024

4680 N. ROYAL ATLANTA DRIVE - TUCKER, GA 300843801770-491-0343

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$7.6M

+15.2% from 2023

Total participants

240

+5.7% from 2023

Average account balance

$35,087

+4.7% from 2023

Annual return

21.01%

+16.09 pp from 2023

Benchmarks

See 3,445 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,445 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.65M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

218

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.

83.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$743K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+21.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$270

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 3 by compensation

Provider	Service type	Compensation
SUGARLOAF WEALTH MANAGEMENT, LLC5+ years Service code 28 2736 MEADOW CHURCH RD · DULUTH, GA 30097	Investment Management	$16,968
ERISA SERVICES, INC.2 years Service code 13 PO BOX 24628 · KNOXVILLE, TN 379332628	Contract Administrator	$14,314
NATIONWIDE5+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$5,100

Plan features & details

Pension benefit codes2A2E2F2G2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$59K

$439 / participant

Contract admin$59K100.0%

% of EOY assets

0.769%

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: BENNETT THRASHER LLP
Auditor EIN: 581673613
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,087

$80,763-56.6%

$102,412-65.7%

$74,459-52.9%

Participation rate

83.6%

65.7%+17.9pp

74.5%+9.1pp

67.2%+16.4pp

Annual return

21.01%

27.57%-6.6pp

24.94%-3.9pp

1369.70%-1348.7pp

Employer contribution / active EE

$2,712

$3,160-14.2%

$3,870-29.9%

$2,626+3.3%

Participant deferral / active EE

$2,835

$3,862-26.6%

$5,060-44.0%

$4,350-34.8%

Admin fee / account holder

$270

$2,371-88.6%

$8,388-96.8%

$1,945-86.1%

Provider

Service type

Compensation

SUGARLOAF WEALTH MANAGEMENT, LLC5+ years

Service code 28

2736 MEADOW CHURCH RD · DULUTH, GA 30097

Investment Management

$16,968

ERISA SERVICES, INC.2 years

Service code 13

PO BOX 24628 · KNOXVILLE, TN 379332628

Contract Administrator

$14,314

NATIONWIDE5+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$5,100

BBS ENTERPRISES, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BBS ENTERPRISES, INC. PROFIT SHARING 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