Retirement plan

SBC 401(K) PLAN AND TRUST

Name: SBC, INC. - SBC 401(K) PLAN AND TRUST (2024) Form 5500
Creator: SBC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SBC 401(K) PLAN AND TRUST, SBC, INC.

SBC, INC.EIN 81-0540152Plan #001PY 2024

1165 N 14TH ST, SUITE 4, OFFICE A - BOZEMAN, MT 59715406-585-0735

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$12.7M

+16.6% from 2023

Total participants

142

-5.3% from 2023

Average account balance

$91,350

+20.8% from 2023

Annual return

9.54%

-4.72 pp from 2023

Benchmarks

See 18,593 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,593 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$12.70M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

139

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

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

+9.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$516

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 6 by compensation

Provider	Service type	Compensation
LPL FINANCIAL7 years Service code 27 PO BOX 502533 · SAN DIEGO, CA 921502533	Advisory (Plan)	$22,486
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$20,857
GREAT-WEST LIFE & ANNUITY INSURANCE8 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$10,331
LEAFHOUSE FINANCIAL ADVISORS, LLC9 years Filed as: LEAFHOUSE FINANCIAL ADVISOR Service code 99 6011 W COURTYARD · AUSTIN, TX 78730	Other Fees	$8,994
SANNAH M BRANDT LLC DBA UPA10+ years Service code 13 12 LARIAT LOOP · BOZEMAN, MT 59715	Contract Administrator	$8,994
SANNAH M BRANDT LLC DBA UPA10+ years Filed as: SANNAH M. BRANDT LLC DBA UPA Service code 13	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$72K

$731 / participant

Recordkeeping$21K29.1%
Investment mgmt$33K45.8%
Contract admin$9K12.6%
Other / not subdivided$9K12.6%

% of EOY assets

0.564%

all-in expense ratio

Categories reported

3 / 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: AMATICS CPA GROUP
Auditor EIN: 463057681
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,350

$81,460+12.1%

$103,333-11.6%

$80,856+13.0%

Participation rate

96.9%

66.8%+30.1pp

74.5%+22.4pp

67.6%+29.3pp

Annual return

9.54%

25.55%-16.0pp

24.88%-15.3pp

35.59%-26.1pp

Employer contribution / active EE

$5,281

$3,105+70.1%

$3,868+36.5%

$2,755+91.7%

Participant deferral / active EE

$5,212

$3,869+34.7%

$5,057+3.0%

$4,296+21.3%

Admin fee / account holder

$516

$6,566-92.1%

$8,355-93.8%

$6,918-92.5%

Provider

Service type

Compensation

LPL FINANCIAL7 years

Service code 27

PO BOX 502533 · SAN DIEGO, CA 921502533

Advisory (Plan)

$22,486

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$20,857

GREAT-WEST LIFE & ANNUITY INSURANCE8 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$10,331

LEAFHOUSE FINANCIAL ADVISORS, LLC9 years

Filed as: LEAFHOUSE FINANCIAL ADVISOR

Service code 99

6011 W COURTYARD · AUSTIN, TX 78730

Other Fees

$8,994

SANNAH M BRANDT LLC DBA UPA10+ years

Service code 13

12 LARIAT LOOP · BOZEMAN, MT 59715

Contract Administrator

$8,994

SANNAH M BRANDT LLC DBA UPA10+ years

Filed as: SANNAH M. BRANDT LLC DBA UPA

Service code 13

Contract Administrator

SBC 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SBC 401(K) PLAN AND TRUST

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