Retirement plan

BRUNDAGE-BONE CONCRETE PUMPING 401(K) RETIREMENT SAVINGS PLAN

Name: BRUNDAGE-BONE CONCRETE PUMPING, INC - BRUNDAGE-BONE CONCRETE PUMPING 401(K) RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: BRUNDAGE-BONE CONCRETE PUMPING, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRUNDAGE-BONE CONCRETE PUMPING 401(K) RETIREMENT SAVINGS PLAN, BRUNDAGE-BONE CONCRETE PUMPING, INC

BRUNDAGE-BONE CONCRETE PUMPING, INCEIN 84-0972141Plan #001PY 2022

500 EAST 84TH AVENUE, SUITE A-5 - THORNTON, CO 80229303-253-6248brundagebone.comLinkedIn501-1000 employeesconstruction

Prospect flagsLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$44.7M

-7.7% from 2021

Total participants

1,713

+38.7% from 2021

Average account balance

$33,014

-29.8% from 2021

Annual return

-7.87%

-41.97 pp from 2021

Benchmarks

See 502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort502 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$59.92M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

1,289

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.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.61M

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

+13.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$83

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$59,317
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL FINANCIAL GROU Service code 27 · EIN 42-1520346	Advisory (Plan)	$29,334
PENSIONMARK FINANCIAL GROUP LLC1 year Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 27 · EIN 61-1758632	Advisory (Plan)	$26,630
KIMBERLIN COMPANY, PLLC1 year Service code 10 7517 S. MCCLINTOCK · TEMPE, AZ 85283	Accounting	$0
PLANTE & MORAN, PLLC1 year Service code 10 3000 TOWN CENTER · SOUTHFIELD, MI 48075	Accounting	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$106K

$69 / participant

Investment mgmt$56K52.6%
Contract admin$51K47.4%

% of EOY assets

0.238%

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: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,014

$76,774-57.0%

$112,228-70.6%

$77,904-57.6%

Participation rate

76.8%

80.2%-3.3pp

75.1%+1.8pp

73.7%+3.1pp

Annual return

-7.87%

-10.25%+2.4pp

27.45%-35.3pp

12.21%-20.1pp

Employer contribution / active EE

$566

$3,977-85.8%

$3,635-84.4%

$2,848-80.1%

Participant deferral / active EE

$2,612

$3,778-30.9%

$4,728-44.7%

$4,806-45.6%

Admin fee / account holder

$79

$239-67.1%

$6,410-98.8%

$133-40.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$59,317

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL FINANCIAL GROU

Service code 27 · EIN 42-1520346

Advisory (Plan)

$29,334

PENSIONMARK FINANCIAL GROUP LLC1 year

Filed as: PENSIONMARK FINANCIAL GROUP, LLC

Service code 27 · EIN 61-1758632

Advisory (Plan)

$26,630

KIMBERLIN COMPANY, PLLC1 year

Service code 10

7517 S. MCCLINTOCK · TEMPE, AZ 85283

Accounting

PLANTE & MORAN, PLLC1 year

Service code 10

3000 TOWN CENTER · SOUTHFIELD, MI 48075

Accounting

BRUNDAGE-BONE CONCRETE PUMPING 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRUNDAGE-BONE CONCRETE PUMPING 401(K) RETIREMENT SAVINGS 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