Retirement plan

JOHN BOWMAN, INC. EMPLOYEE 401(K) PLAN

Name: JOHN BOWMAN, INC. - JOHN BOWMAN, INC. EMPLOYEE 401(K) PLAN (2020) Form 5500
Creator: JOHN BOWMAN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOHN BOWMAN, INC. EMPLOYEE 401(K) PLAN, JOHN BOWMAN, INC.

JOHN BOWMAN, INC.EIN 84-0562424Plan #004PY 2020

9439 BANDLEY DRIVE - FOUNTAIN, CO 80817719-633-2469jbiconstruction.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.3M

+19.2% from 2019

Total participants

136

+11.5% from 2019

Average account balance

$81,425

+14.0% from 2019

Annual return

14.06%

-4.48 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.17M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

66.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$419K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$799

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
CREATIVE PLANNING LLC2 years Filed as: CREATIVE PLANNING, INC Service code 26 5440 WEST 110TH STREET, STE 102 · OVERLAND PARK, KS 66211	Advisory (Participants)	$37,330
EPIC RETIREMENT PLAN SERVICES2 years Filed as: TPP RETIREMENT PLAN SPECIALISTS LLC Service code 64 · EIN 20-1301962	Recordkeeping Fees	$12,709

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

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

$56K

$530 / participant

Investment mgmt$37K66.5%
Contract admin$16K28.4%
Other / not subdivided$3K5.1%

% of EOY assets

0.605%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,425

$66,124+23.1%

$90,440-10.0%

$73,493+10.8%

Participation rate

79.2%

69.7%+9.6pp

72.7%+6.6pp

70.7%+8.6pp

Annual return

14.06%

17.65%-3.6pp

1294.38%-1280.3pp

28.51%-14.5pp

Employer contribution / active EE

$2,346-100.0%

$3,263-100.0%

$2,270-100.0%

Participant deferral / active EE

$4,311

$3,039+41.9%

$3,964+8.8%

$3,740+15.3%

Admin fee / account holder

$493

$396+24.3%

$5,615-91.2%

$513-4.0%

Provider

Service type

Compensation

CREATIVE PLANNING LLC2 years

Filed as: CREATIVE PLANNING, INC

Service code 26

5440 WEST 110TH STREET, STE 102 · OVERLAND PARK, KS 66211

Advisory (Participants)

$37,330

EPIC RETIREMENT PLAN SERVICES2 years

Filed as: TPP RETIREMENT PLAN SPECIALISTS LLC

Service code 64 · EIN 20-1301962

Recordkeeping Fees

$12,709

JOHN BOWMAN, INC. EMPLOYEE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JOHN BOWMAN, INC. EMPLOYEE 401(K) 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