Retirement plan

BWI COMPANIES, INC. 401(K) PLAN

Name: BWI COMPANIES, INC. - BWI COMPANIES, INC. 401(K) PLAN (2023) Form 5500
Creator: BWI COMPANIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BWI COMPANIES, INC. 401(K) PLAN, BWI COMPANIES, INC.

BWI COMPANIES, INC.EIN 75-1789544Plan #002PY 2023

1355 NORTH KINGS HWY - NASH, TX 75569903-838-8561bwicompanies.comLinkedIn501-1000 employeeswholesale

Prospect flagsHigh feesLow participation

Top hat statement on fileNQDC

Filed April 9, 1993 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$63.6M

+14.5% from 2022

Total participants

695

+4.7% from 2022

Average account balance

$139,433

+13.2% from 2022

Annual return

16.74%

+33.72 pp from 2022

Benchmarks

See 1,360 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,360 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$67.41M

Not enough data

1 years with asset history on file

Average account balance

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

$157K

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.

429

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.

60.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$483

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$78,106
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$36,021
NEWPORT GROUP, INC.4 years Filed as: NEWPORT GROUP CONSULTING LLC Service code 27 1350 TREAT BLVD · WALNUT CREEK, CA 94597	Advisory (Plan)	$20,000
BWI COMPANIES INC1 year Service code 99 PO BOX 990 · NASH, TX 75569	Other Fees	$19,745

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$154K

$267 / participant

Recordkeeping$78K50.8%
Investment mgmt$56K36.4%
Other / not subdivided$20K12.8%

% of EOY assets

0.242%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: $0
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$139,433

$91,372+52.6%

$129,995+7.3%

$74,419+87.4%

Participation rate

58.5%

77.8%-19.3pp

78.5%-20.0pp

70.7%-12.2pp

Annual return

16.74%

23.21%-6.5pp

-137.18%+153.9pp

34.38%-17.6pp

Employer contribution / active EE

$1,713

$2,563-33.2%

$4,320-60.3%

$2,637-35.0%

Participant deferral / active EE

$4,232

$4,721-10.4%

$5,820-27.3%

$4,528-6.5%

Admin fee / account holder

$337

$283+19.1%

$10,614-96.8%

$348-3.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$78,106

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$36,021

NEWPORT GROUP, INC.4 years

Filed as: NEWPORT GROUP CONSULTING LLC

Service code 27

1350 TREAT BLVD · WALNUT CREEK, CA 94597

Advisory (Plan)

$20,000

BWI COMPANIES INC1 year

Service code 99

PO BOX 990 · NASH, TX 75569

Other Fees

$19,745

BWI COMPANIES, INC. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BWI COMPANIES, INC. 401(K) PLAN

Top hat statement on fileNQDC

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