Retirement plan

BUILDING & EARTH SCIENCES, INC. 401(K) PLAN

Name: BUILDING & EARTH SCIENCES, INC. - BUILDING & EARTH SCIENCES, INC. 401(K) PLAN (2024) Form 5500
Creator: BUILDING & EARTH SCIENCES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUILDING & EARTH SCIENCES, INC. 401(K) PLAN, BUILDING & EARTH SCIENCES, INC.

BUILDING & EARTH SCIENCES, INC.EIN 63-1195354Plan #001PY 2024

5545 DERBY DR - IRONDALE, AL 352105414205-836-6300

Prospect flagsLow participationLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$15M

+27.9% from 2023

Total participants

316

+15.3% from 2023

Average account balance

$70,285

+12.3% from 2023

Annual return

20.83%

+2.72 pp from 2023

Benchmarks

See 3,298 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.97M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

213

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.

59.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+20.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$266

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
LINCOLN NATIONAL CORPORATION7 years Service code 15 · EIN 35-0472300 P.O. BOX 7877 · FORT WAYNE, IN 46802	Recordkeeping	$34,316
MERRILL LYNCH PIERCE FENNER & SMITH6 years Filed as: MERRILL LYNCH Service code 20 · EIN 63-1195354 PO BOX 1501 · PENNINGTON, NJ 85341	Trustee (individual)	$20,524
AZALEA ADMINISTRATION LLC6 years Filed as: AZALEA ADMINISTRATION Service code 13 PO BOX 180293 · MOBILE, AL 36618	Contract Administrator	$9,063

Plan features & details

Pension benefit codes2E2J2K2G2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$57K

$221 / participant

Investment mgmt$57K100.0%

% of EOY assets

0.379%

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: BLACK & PINCKARD LLC
Auditor EIN: 260079381
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,285

$106,230-33.8%

$147,080-52.2%

$77,736-9.6%

Participation rate

59.9%

78.4%-18.5pp

82.2%-22.3pp

70.6%-10.7pp

Annual return

20.83%

56.91%-36.1pp

420.17%-399.3pp

31.26%-10.4pp

Employer contribution / active EE

$1,807

$4,072-55.6%

$4,933-63.4%

$2,728-33.8%

Participant deferral / active EE

$3,323

$8,001-58.5%

$8,066-58.8%

$4,651-28.6%

Admin fee / account holder

$266

$338-21.3%

$12,989-97.9%

$433-38.5%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION7 years

Service code 15 · EIN 35-0472300

P.O. BOX 7877 · FORT WAYNE, IN 46802

Recordkeeping

$34,316

MERRILL LYNCH PIERCE FENNER & SMITH6 years

Filed as: MERRILL LYNCH

Service code 20 · EIN 63-1195354

PO BOX 1501 · PENNINGTON, NJ 85341

Trustee (individual)

$20,524

AZALEA ADMINISTRATION LLC6 years

Filed as: AZALEA ADMINISTRATION

Service code 13

PO BOX 180293 · MOBILE, AL 36618

Contract Administrator

$9,063

BUILDING & EARTH SCIENCES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BUILDING & EARTH SCIENCES, INC. 401(K) 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