Retirement plan

BRODERICK GENERAL ENGINEERING, INC. 401(K) PROFIT SHARING PLAN

Name: BRODERICK GENERAL ENGINEERING, INC. - BRODERICK GENERAL ENGINEERING, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: BRODERICK GENERAL ENGINEERING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRODERICK GENERAL ENGINEERING, INC. 401(K) PROFIT SHARING PLAN, BRODERICK GENERAL ENGINEERING, INC.

BRODERICK GENERAL ENGINEERING, INC.EIN 68-0400334Plan #002PY 2022

21750 EIGHTH STREET EAST, SUITE B - SONOMA, CA 95476707-996-7809broderickge.comLinkedIn1-10 employeesconstruction

Other plans on this EIN

1 filing

#003Retirement--

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.4M

-12.3% from 2021

Total participants

-6.2% from 2021

Average account balance

$31,306

-14.5% from 2021

Annual return

-22.04%

-32.45 pp from 2021

Benchmarks

See 17,340 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort17,340 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.38M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

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.

106.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$303K

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

+12.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3918

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$30K

$482 / participant

Other / not subdivided$30K100.0%

% of EOY assets

1.242%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,306

$64,729-51.6%

$112,263-72.1%

$68,490-54.3%

Participation rate

79.4%

67.2%+12.2pp

75.1%+4.3pp

67.9%+11.5pp

Annual return

-22.04%

-11.40%-10.6pp

27.49%-49.5pp

-7.85%-14.2pp

Employer contribution / active EE

$1,882

$2,746-31.5%

$3,636-48.2%

$2,597-27.5%

Participant deferral / active EE

$2,905

$3,566-18.5%

$4,729-38.6%

$4,028-27.9%

Admin fee / account holder

$389

$5,222-92.6%

$6,410-93.9%

$5,403-92.8%

BRODERICK GENERAL ENGINEERING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRODERICK GENERAL ENGINEERING, INC. 401(K) 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