Retirement plan

BAR CONSTRUCTORS, INC. 401(K) PROFIT SHARING PLAN

Name: BAR CONSTRUCTORS, INC. - BAR CONSTRUCTORS, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: BAR CONSTRUCTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAR CONSTRUCTORS, INC. 401(K) PROFIT SHARING PLAN, BAR CONSTRUCTORS, INC.

BAR CONSTRUCTORS, INC.EIN 74-2060682Plan #001PY 2018

P.O. BOX 10 - LANCASTER, TX 75146972-227-3287barconstructors.comLinkedIn51-200 employeesconstruction

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$8.2M

-4.9% from 2017

Total participants

145

+14.2% from 2017

Average account balance

$76,313

-11.0% from 2017

Annual return

-4.16%

-17.09 pp from 2017

Benchmarks

See 2,759 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,759 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.52M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

153

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.

73.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.21M

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

+10.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15

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 10 of 15 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$7,089
ARMANINO LLP1 year Filed as: ARMANINO, LLP Service code 13 · EIN 94-6214841	Contract Administrator	$1,713
ALGER2 years Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
AMERICAN CENTURY2 years Service code 52 · EIN 43-1819235	Indirect Investment Fees	$0
BARON2 years Service code 52 · EIN 13-3806818	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTMENT RETIREMENT SOLUTIONS Service code 28 · EIN 61-1732930	Investment Management	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC3 years Service code 28	Investment Management	$0
INVESCO2 years Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49	Other Services	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$7K

$59 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.086%

all-in expense ratio

Categories reported

0 / 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: BIRDSONG ADAMS KNIGHT CARROLL, LLP
Auditor EIN: 471745781
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,313

$55,449+37.6%

$83,831-9.0%

$56,289+35.6%

Participation rate

69.4%

68.0%+1.4pp

76.1%-6.7pp

69.9%-0.4pp

Annual return

-4.16%

-1.38%-2.8pp

850.99%-855.1pp

-9.96%+5.8pp

Employer contribution / active EE

$1,084

$2,430-55.4%

$3,631-70.1%

$2,111-48.6%

Participant deferral / active EE

$2,712

$2,935-7.6%

$4,082-33.6%

$3,350-19.1%

Admin fee / account holder

$66

$656-90.0%

$5,479-98.8%

$521-87.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$7,089

ARMANINO LLP1 year

Filed as: ARMANINO, LLP

Service code 13 · EIN 94-6214841

Contract Administrator

$1,713

ALGER2 years

Service code 52 · EIN 90-0342299

Indirect Investment Fees

AMERICAN CENTURY2 years

Service code 52 · EIN 43-1819235

Indirect Investment Fees

BARON2 years

Service code 52 · EIN 13-3806818

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTMENT RETIREMENT SOLUTIONS

Service code 28 · EIN 61-1732930

Investment Management

ENVESTNET RETIREMENT SOLUTIONS, LLC3 years

Service code 28

Investment Management

INVESCO2 years

Service code 52 · EIN 90-0342299

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49

Other Services

BAR CONSTRUCTORS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAR CONSTRUCTORS, 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