Retirement plan

BOHANNAN-HUSTON, INC. 401(K) PROFIT SHARING PLAN

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

BOHANNAN-HUSTON, INC.EIN 85-0202170Plan #001PY 2023

7500 JEFFERSON STREET NE, COURTYARD 1 - ALBUQUERQUE, NM 87109505-823-1000bhinc.comLinkedIn201-500 employeescivil engineering

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$50.3M

+10.0% from 2022

Total participants

334

-2.1% from 2022

Average account balance

$152,104

+11.4% from 2022

Annual return

15.33%

+31.53 pp from 2022

Benchmarks

See 6,228 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,228 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$56.69M

Not enough data

1 years with asset history on file

Average account balance

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

$177K

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.

320

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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)

$349

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 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS9+ years Service code 12 · EIN 13-3689044	Distribution (12b-1) fees; Recordkeep...	$43,309
SAGEVIEW ADVISORY GROUP, LLC6 years Service code 27 · EIN 33-0818667	Advisory (Plan)	$43,200
MOSS ADAMS LLP9+ years Filed as: MOSS-ADAMS LLP Service code 10 · EIN 91-0189318	Accounting	$17,816
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO., INC Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$152
NATIONAL FINANCIAL SERVICES9+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2F2G2J2K2R2S2T3D

Plan features

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.

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

$104K

$430 / participant

Recordkeeping$43K41.5%
Investment mgmt$43K41.5%
Other / not subdivided$18K17.1%

% of EOY assets

0.208%

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: MOSS ADAMS, LLP
Auditor EIN: 910189318
Audit fees: $17,816
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$152,104

$91,474+66.3%

$135,982+11.9%

$71,529+112.6%

Participation rate

98.8%

75.7%+23.1pp

81.9%+16.8pp

67.9%+30.8pp

Annual return

15.33%

29.89%-14.6pp

68.32%-53.0pp

28.97%-13.6pp

Employer contribution / active EE

$5,978

$3,705+61.3%

$4,859+23.0%

$2,590+130.8%

Participant deferral / active EE

$9,512

$7,095+34.1%

$7,760+22.6%

$4,291+121.7%

Admin fee / account holder

$316

$1,267-75.1%

$10,767-97.1%

$1,588-80.1%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS9+ years

Service code 12 · EIN 13-3689044

Distribution (12b-1) fees; Recordkeep...

$43,309

SAGEVIEW ADVISORY GROUP, LLC6 years

Service code 27 · EIN 33-0818667

Advisory (Plan)

$43,200

MOSS ADAMS LLP9+ years

Filed as: MOSS-ADAMS LLP

Service code 10 · EIN 91-0189318

Accounting

$17,816

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO., INC

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$152

NATIONAL FINANCIAL SERVICES9+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

BOHANNAN-HUSTON, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOHANNAN-HUSTON, INC. 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