Retirement plan

BENNY BOYD, LTD. 401(K) PROFIT SHARING PLAN

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

BENNY BOYD, LTD.EIN 74-2967581Plan #002PY 2022

601 NORTH KEY AVE. - LAMPASAS, TX 765501107512-556-4880LinkedIn51-200 employeesretail

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$4M

No prior year

Total participants

157

No prior year

Average account balance

$34,971

No prior year

Annual return

-16.57%

No prior year

Benchmarks

See 2,204 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,204 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.43M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

68.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$369K

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

+18.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$84

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
RESOURCE BENEFITS ADMINISTRATORS1+ years Service code 15 · EIN 74-2533381	Recordkeeping	$5,675
AMERICAN FUNDS1+ years Filed as: CAPITAL GROUP RETIREMENT PLAN SVS Service code 15 · EIN 72-4555287	Recordkeeping	$4,726

Plan features & details

Pension benefit codes2E2G2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$10K

$91 / participant

Other / not subdivided$10K100.0%

% of EOY assets

0.261%

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: BROCKWAY GERSBACH FRANKLIN & NIEMEI
Auditor EIN: 742531836
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,971

$49,471-29.3%

$79,583-56.1%

$66,949-47.8%

Participation rate

62.6%

61.4%+1.3pp

69.5%-6.9pp

69.8%-7.2pp

Annual return

-16.57%

84.30%-100.9pp

0.16%-16.7pp

1.57%-18.1pp

Employer contribution / active EE

$1,087

$1,266-14.2%

$2,414-55.0%

$2,545-57.3%

Participant deferral / active EE

$3,002

$3,160-5.0%

$3,986-24.7%

$4,239-29.2%

Admin fee / account holder

$91

$595-84.6%

$6,835-98.7%

$594-84.6%

Provider

Service type

Compensation

RESOURCE BENEFITS ADMINISTRATORS1+ years

Service code 15 · EIN 74-2533381

Recordkeeping

$5,675

AMERICAN FUNDS1+ years

Filed as: CAPITAL GROUP RETIREMENT PLAN SVS

Service code 15 · EIN 72-4555287

Recordkeeping

$4,726

BENNY BOYD, LTD. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BENNY BOYD, LTD. 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