Retirement plan

BLACKBURN, CHILDERS & STEAGALL 401K PROFIT SHARING PLAN

Name: BLACKBURN, CHILDERS & STEAGALL, PLC - BLACKBURN, CHILDERS & STEAGALL 401K PROFIT SHARING PLAN (2024) Form 5500
Creator: BLACKBURN, CHILDERS & STEAGALL, PLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLACKBURN, CHILDERS & STEAGALL 401K PROFIT SHARING PLAN, BLACKBURN, CHILDERS & STEAGALL, PLC

BLACKBURN, CHILDERS & STEAGALL, PLCEIN 62-0647474Plan #001PY 2024

801B SUNSET DRIVE - JOHNSON CITY, TN 37604423-282-4511bcscpa.comLinkedIn51-200 employeesaccounting

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$19.3M

+17.2% from 2023

Total participants

153

+1.3% from 2023

Average account balance

$145,946

+8.3% from 2023

Annual return

13.87%

-2.66 pp from 2023

Benchmarks

See 6,278 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,278 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.26M

Not enough data

1 years with asset history on file

Average account balance

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

$146K

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.

132

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.

83.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$475

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
BCS FINANCIAL, LLC1 year Filed as: BCS WEALTH MANAGEMENT LLC Service code 27 · EIN 62-1731672	Advisory (Plan)	$44,562
PURSHE KAPLAN STERLING INV5 years Service code 27 · EIN 13-3749682	Advisory (Plan)	$16,615
FIDELITY INVESTMENTS INSTITUTIONAL5 years Service code 60 · EIN 04-2647786	Sub-TA Fees	$1,651

Plan features & details

Pension benefit codes2F2G2J2K3H2E3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$63K

$482 / participant

Recordkeeping$2K2.4%
Investment mgmt$61K97.6%

% of EOY assets

0.325%

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: SMITH ELLIOTT KEARNS & COMPANY, LLC
Auditor EIN: 520783935
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$145,946

$101,672+43.5%

$147,117-0.8%

$74,478+96.0%

Participation rate

83.8%

75.5%+8.3pp

82.2%+1.7pp

67.2%+16.6pp

Annual return

13.87%

8757.83%-8744.0pp

420.54%-406.7pp

1370.56%-1356.7pp

Employer contribution / active EE

$3,171

$3,813-16.8%

$4,932-35.7%

$2,626+20.7%

Participant deferral / active EE

$7,073

$7,305-3.2%

$8,065-12.3%

$4,350+62.6%

Admin fee / account holder

$475

$1,753-72.9%

$12,993-96.3%

$1,946-75.6%

Provider

Service type

Compensation

BCS FINANCIAL, LLC1 year

Filed as: BCS WEALTH MANAGEMENT LLC

Service code 27 · EIN 62-1731672

Advisory (Plan)

$44,562

PURSHE KAPLAN STERLING INV5 years

Service code 27 · EIN 13-3749682

Advisory (Plan)

$16,615

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$1,651

BLACKBURN, CHILDERS & STEAGALL 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLACKBURN, CHILDERS & STEAGALL 401K 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