Retirement plan

BROADBAND INFRASTRUCTURE, INC. 401(K) PLAN

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

BROADBAND INFRASTRUCTURE, INC.EIN 84-2486533Plan #001PY 2023

136 JOHNS ROAD - GREER, SC 29650864-655-4053broadbandinfrastructure.comLinkedIn11-50 employeestelecommunications

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$742K

+53.1% from 2022

Total participants

-9.5% from 2022

Average account balance

$37,101

+45.4% from 2022

Annual return

19.81%

+39.55 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$878K

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$141K

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

+12.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4983

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,101

$93,598-60.4%

$135,974-72.7%

$75,173-50.6%

Participation rate

47.1%

75.2%-28.1pp

81.9%-34.9pp

67.2%-20.1pp

Annual return

19.81%

30.89%-11.1pp

68.30%-48.5pp

160.72%-140.9pp

Employer contribution / active EE

$1,620

$3,538-54.2%

$4,859-66.7%

$2,671-39.4%

Participant deferral / active EE

$3,120

$6,405-51.3%

$7,760-59.8%

$4,126-24.4%

Admin fee / account holder

$6,978-100.0%

$10,767-100.0%

$5,651-100.0%

BROADBAND INFRASTRUCTURE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

BROADBAND INFRASTRUCTURE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion