Retirement plan

BIG RIVER RESOURCES WEST BURLINGTON, LLC EE 401(K) SAVINGS PLAN

Name: BIG RIVER RESOURCES WEST BURLINGTON, LLC - BIG RIVER RESOURCES WEST BURLINGTON, LLC EE 401(K) SAVINGS PLAN (2024) Form 5500
Creator: BIG RIVER RESOURCES WEST BURLINGTON, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BIG RIVER RESOURCES WEST BURLINGTON, LLC EE 401(K) SAVINGS PLAN, BIG RIVER RESOURCES WEST BURLINGTON, LLC

BIG RIVER RESOURCES WEST BURLINGTON, LLCEIN 71-0913379Plan #001PY 2024

211 N GEAR AVE STE 200 - WEST BURLINGTON, IA 526551027319-753-1100LinkedIn201-500 employeesoil & energy

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$29.7M

+19.5% from 2023

Total participants

318

+8.5% from 2023

Average account balance

$93,845

+10.0% from 2023

Annual return

14.86%

-0.76 pp from 2023

Benchmarks

See 1,848 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,848 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.66M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

316

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+14.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$447

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 2 by compensation

Provider	Service type	Compensation
AT RETIREMENT SERVICES, LLC1 year Service code 15 · EIN 83-3455979	Recordkeeping	$81,215
TWO WEST CAPITAL ADVISORS10+ years Filed as: TWO RIVERS BANK & TRUST Service code 16 222 N MAIN STREET · BURLINGTON, IA 52601	Consulting	$59,958

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3H

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$141K

$642 / participant

Other / not subdivided$141K100.0%

% of EOY assets

0.476%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: OLSEN THIELEN & CO, LTD
Auditor EIN: 411360831
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,845

$78,562+19.5%

$105,608-11.1%

$74,429+26.1%

Participation rate

99.1%

72.8%+26.3pp

75.3%+23.8pp

67.2%+31.9pp

Annual return

14.86%

15.94%-1.1pp

116.50%-101.6pp

1368.38%-1353.5pp

Employer contribution / active EE

$6,288

$2,521+149.4%

$3,167+98.5%

$2,625+139.5%

Participant deferral / active EE

$5,104

$4,321+18.1%

$5,010+1.9%

$4,348+17.4%

Admin fee / account holder

$447

$2,217-79.8%

$11,028-95.9%

$1,944-77.0%

Provider

Service type

Compensation

AT RETIREMENT SERVICES, LLC1 year

Service code 15 · EIN 83-3455979

Recordkeeping

$81,215

TWO WEST CAPITAL ADVISORS10+ years

Filed as: TWO RIVERS BANK & TRUST

Service code 16

222 N MAIN STREET · BURLINGTON, IA 52601

Consulting

$59,958

BIG RIVER RESOURCES WEST BURLINGTON, LLC EE 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BIG RIVER RESOURCES WEST BURLINGTON, LLC EE 401(K) SAVINGS 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