Retirement plan

SOUTH BAY CONSTRUCTION COMPANY 401(K) PROFIT SHARING PLAN

Name: S.B.C.C., INC. - SOUTH BAY CONSTRUCTION COMPANY 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: S.B.C.C., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH BAY CONSTRUCTION COMPANY 401(K) PROFIT SHARING PLAN, S.B.C.C., INC.

S.B.C.C., INC.dba SOUTH BAY CONSTRUCTION COMPANYEIN 77-0336472Plan #001PY 2017

1711 DELL AVENUE - CAMPBELL, CA 95008408-379-5500

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$9.1M

+35.2% from 2016

Total participants

135

+20.5% from 2016

Average account balance

$71,590

+19.2% from 2016

Annual return

17.90%

+5.19 pp from 2016

Benchmarks

See 2,582 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,582 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.16M

Not enough data

1 years with asset history on file

Average account balance

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

$176K

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.

86.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+15.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1474

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
SLOY DAHL & HOLST1 year Filed as: SLOY, DAHL, & HOLST Service code 27 · EIN 93-0989022	Advisory (Plan)	$58,895
SPECTRUM PENSION CONSULTANTS, INC.1 year Service code 12 · EIN 91-1035498	Custodial (securities); Consulting (p...	$38,828

Plan features & details

Pension benefit codes2E2F2G2J3B3D2K

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$98K

$850 / participant

Investment mgmt$59K60.3%
Contract admin$39K39.7%

% of EOY assets

1.075%

all-in expense ratio

Categories reported

2 / 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: BPM LLP
Auditor EIN: 814234542
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,590

$58,726+21.9%

$92,240-22.4%

$62,293+14.9%

Participation rate

93.0%

68.3%+24.7pp

76.5%+16.6pp

69.5%+23.5pp

Annual return

17.90%

43.62%-25.7pp

176.29%-158.4pp

28.90%-11.0pp

Employer contribution / active EE

$4,670

$2,392+95.3%

$3,680+26.9%

$2,042+128.7%

Participant deferral / active EE

$6,662

$2,766+140.9%

$3,897+71.0%

$3,169+110.2%

Admin fee / account holder

$769

$556+38.3%

$5,194-85.2%

$479+60.5%

Provider

Service type

Compensation

SLOY DAHL & HOLST1 year

Filed as: SLOY, DAHL, & HOLST

Service code 27 · EIN 93-0989022

Advisory (Plan)

$58,895

SPECTRUM PENSION CONSULTANTS, INC.1 year

Service code 12 · EIN 91-1035498

Custodial (securities); Consulting (p...

$38,828

SOUTH BAY CONSTRUCTION COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH BAY CONSTRUCTION COMPANY 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