Retirement plan

CONCRETE INDUSTRIES, INC. AND RELATED COMPANIES RETIREMENT PLAN

Name: B & B CONCRETE CO., INC. - CONCRETE INDUSTRIES, INC. AND RELATED COMPANIES RETIREMENT PLAN (2018) Form 5500
Creator: B & B CONCRETE CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONCRETE INDUSTRIES, INC. AND RELATED COMPANIES RETIREMENT PLAN, B & B CONCRETE CO., INC.

B & B CONCRETE CO., INC.EIN 64-0340868Plan #001PY 2018

P. O. BOX 407 - TUPELO, MS 38802662-842-6312bbconcrete.comLinkedIn51-200 employeesbuilding materials

Prospect flagsHigh feesHigh cash

How to read this page

Total assets (EOY)

$9M

-4.2% from 2017

Total participants

172

+3.0% from 2017

Average account balance

$56,609

-4.8% from 2017

Annual return

-5.49%

-16.72 pp from 2017

Benchmarks

See 1,975 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,975 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.54M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

137

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$661K

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

+14.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$402

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
REGIONS BANK4+ years Service code 24 · EIN 63-6129301 210 EAST CAPITOL STREET · JACKSON, MS 39201	Discretionary Trustee	$42,188
T. E. LOTT AND COMPANY4+ years Filed as: T E LOTT & COMPANY Service code 10 · EIN 64-0575804 P O BOX 471 · COLUMBUS, MS 39701	Accounting	$6,500
NAIL MCKINNEY PROFESSIONAL ASSOCIAT2 years Service code 15 · EIN 64-0760834 110 NORTH MADISON STREET · TUPELO, MS 38804	Recordkeeping	$6,209

Plan features & details

Pension benefit codes2A2J2K3D

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).
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$55K

$450 / participant

Investment mgmt$42K76.8%
Contract admin$6K11.3%
Other / not subdivided$7K11.8%

% of EOY assets

0.610%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: T. E. LOTT & COMPANY
Auditor EIN: 640575804
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,609

$58,093-2.6%

$80,022-29.3%

$56,287+0.6%

Participation rate

89.3%

73.6%+15.7pp

75.8%+13.5pp

69.9%+19.5pp

Annual return

-5.49%

34.63%-40.1pp

11.22%-16.7pp

-9.96%+4.5pp

Employer contribution / active EE

$1,250

$1,933-35.3%

$2,468-49.4%

$2,111-40.8%

Participant deferral / active EE

$2,028

$3,136-35.3%

$3,686-45.0%

$3,350-39.5%

Admin fee / account holder

$345

$623-44.5%

$6,521-94.7%

$521-33.7%

Provider

Service type

Compensation

REGIONS BANK4+ years

Service code 24 · EIN 63-6129301

210 EAST CAPITOL STREET · JACKSON, MS 39201

Discretionary Trustee

$42,188

T. E. LOTT AND COMPANY4+ years

Filed as: T E LOTT & COMPANY

Service code 10 · EIN 64-0575804

P O BOX 471 · COLUMBUS, MS 39701

Accounting

$6,500

NAIL MCKINNEY PROFESSIONAL ASSOCIAT2 years

Service code 15 · EIN 64-0760834

110 NORTH MADISON STREET · TUPELO, MS 38804

Recordkeeping

$6,209

CONCRETE INDUSTRIES, INC. AND RELATED COMPANIES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONCRETE INDUSTRIES, INC. AND RELATED COMPANIES RETIREMENT 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