Retirement plan

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

Name: BAR CONSTRUCTORS, INC. - BAR CONSTRUCTORS, INC. 401(K) PROFIT SHARING PLAN (2021) 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 2021

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

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$12.6M

+15.4% from 2020

Total participants

132

+3.1% from 2020

Average account balance

$113,185

+18.5% from 2020

Annual return

12.04%

+5.66 pp from 2020

Benchmarks

See 2,981 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,981 peers

Snapshot2021

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 17 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-2746212	Indirect Investment Fees	$2,050
ARMANINO LLP4 years Filed as: ARMANINO, LLP Service code 13 · EIN 94-6214841	Contract Administrator	$900
ALGER5 years Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
ALLSPRING1 year Service code 52 · EIN 83-6834374	Indirect Investment Fees	$0
AMERICAN CENTURY5 years Service code 52 · EIN 43-1819235	Indirect Investment Fees	$0
BARON5 years Service code 52 · EIN 13-3806818	Indirect Investment Fees	$0
BLACKROCK1 year Service code 52 · EIN 13-2949519	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC6 years Service code 28 · EIN 61-1732930	Investment Management	$0
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INS CO Service code 49 · EIN 84-0467907	Other Services	$0
INVESCO5 years Service code 52 · EIN 90-0342299	Indirect Investment Fees	$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

1 tripped

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

$2K

$19 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.016%

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: TURNER, STONE & COMPANY, L.L.P.
Auditor EIN: 752608885
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,185

$77,670+45.7%

$109,163+3.7%

$79,393+42.6%

Participation rate

80.7%

67.8%+12.9pp

75.9%+4.9pp

70.7%+10.0pp

Annual return

12.04%

23.44%-11.4pp

25.75%-13.7pp

116.87%-104.8pp

Employer contribution / active EE

$6,713

$2,798+139.9%

$3,723+80.3%

$2,428+176.5%

Participant deferral / active EE

$3,123

$3,518-11.2%

$4,654-32.9%

$4,046-22.8%

Admin fee / account holder

$18

$732-97.5%

$6,754-99.7%

$627-97.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-2746212

Indirect Investment Fees

$2,050

ARMANINO LLP4 years

Filed as: ARMANINO, LLP

Service code 13 · EIN 94-6214841

Contract Administrator

$900

ALGER5 years

Service code 52 · EIN 90-0342299

Indirect Investment Fees

ALLSPRING1 year

Service code 52 · EIN 83-6834374

Indirect Investment Fees

AMERICAN CENTURY5 years

Service code 52 · EIN 43-1819235

Indirect Investment Fees

BARON5 years

Service code 52 · EIN 13-3806818

Indirect Investment Fees

BLACKROCK1 year

Service code 52 · EIN 13-2949519

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC6 years

Service code 28 · EIN 61-1732930

Investment Management

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INS CO

Service code 49 · EIN 84-0467907

Other Services

INVESCO5 years

Service code 52 · EIN 90-0342299

Indirect Investment Fees

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