Retirement plan

BLACKBURN, CHILDERS & STEAGALL 401K PROFIT SHARING PLAN

Name: BLACKBURN, CHILDERS & STEAGALL, PLC - BLACKBURN, CHILDERS & STEAGALL 401K PROFIT SHARING PLAN (2023) 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 2023

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

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$16.4M

+21.5% from 2022

Total participants

151

+7.1% from 2022

Average account balance

$134,742

+15.5% from 2022

Annual return

16.53%

+33.19 pp from 2022

Benchmarks

See 6,231 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,231 peers

Snapshot2023

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
PURSHE KAPLAN STERLING INV4 years Service code 27 · EIN 13-3749682	Advisory (Plan)	$8,123
BCS FINANCIAL, LLC1 year Filed as: BCS WEALTH MANAGEMENT Service code 27 · EIN 62-1731672	Advisory (Plan)	$5,515
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 60 · EIN 04-2647786	Sub-TA Fees	$1,450

Plan features & details

Pension benefit codes2F2G2J2K2R3D3H2E

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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$19K

$149 / participant

Recordkeeping$1K7.5%
Investment mgmt$14K70.3%
Other / not subdivided$4K22.2%

% of EOY assets

0.118%

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: $4,300
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$134,742

$91,439+47.4%

$135,974-0.9%

$71,511+88.4%

Participation rate

77.7%

75.7%+2.0pp

81.9%-4.2pp

67.9%+9.8pp

Annual return

16.53%

29.90%-13.4pp

68.30%-51.8pp

28.86%-12.3pp

Employer contribution / active EE

$3,025

$3,705-18.3%

$4,859-37.7%

$2,589+16.8%

Participant deferral / active EE

$6,714

$7,093-5.3%

$7,760-13.5%

$4,291+56.5%

Admin fee / account holder

$159

$1,267-87.5%

$10,767-98.5%

$1,588-90.0%

Provider

Service type

Compensation

PURSHE KAPLAN STERLING INV4 years

Service code 27 · EIN 13-3749682

Advisory (Plan)

$8,123

BCS FINANCIAL, LLC1 year

Filed as: BCS WEALTH MANAGEMENT

Service code 27 · EIN 62-1731672

Advisory (Plan)

$5,515

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$1,450

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