Retirement plan

BOYER 401(K) RETIREMENT PLAN

Name: THE BOYER COMPANY, L.C. - BOYER 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: THE BOYER COMPANY, L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOYER 401(K) RETIREMENT PLAN, THE BOYER COMPANY, L.C.

THE BOYER COMPANY, L.C.EIN 87-0357186Plan #001PY 2024

101 SOUTH 200 EAST, SUITE 200 - SALT LAKE CITY, UT 84111801-521-4781

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$20.6M

+4.6% from 2023

Total participants

191

-8.2% from 2023

Average account balance

$126,329

+0.1% from 2023

Annual return

12.69%

-4.43 pp from 2023

Benchmarks

See 1,092 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,092 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.59M

Not enough data

1 years with asset history on file

Average account balance

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

$126K

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.

163

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.

81.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$460

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 6 by compensation

Provider	Service type	Compensation
NATIONWIDE10+ years Service code 64 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping Fees	$37,158
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 27	Advisory (Plan)	$21,450
LEAFHOUSE FINANCIAL ADVISORS, LLC1 year Filed as: LEAFHOUSE FINANCIAL SERVICES Service code 99 · EIN 26-4311657 6504 BRIDGEPOINT PARKWAY #450 · AUSTIN, TX 78730	Other Fees	$7,428
WC ADMINISTRATORS, LLC1 year Filed as: WC ADMINISTRATORS,LLC Service code 13	Contract Administrator	$4,710
WC ADMINISTRATORS, LLC10+ years Service code 13 · EIN 20-1663072 6995 UNION PARK CENTER #320 · MIDVALE, UT 84047	Contract Administrator	$2,311
LPL FINANCIAL9 years Filed as: LPL FINANCIAL, LLC Service code 27 · EIN 95-2834236 4707 EXECUTIVE DRIVE · SAN DIEGO, CA 92121	Advisory (Plan)	$1,971

Plan features & details

Pension benefit codes2E2F2J2K2G2T3D

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.
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

$75K

$510 / participant

Contract admin$75K100.0%

% of EOY assets

0.364%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,329

$73,459+72.0%

$178,528-29.2%

$74,429+69.7%

Participation rate

81.0%

66.5%+14.4pp

77.1%+3.9pp

67.2%+13.7pp

Annual return

12.69%

17.50%-4.8pp

27.11%-14.4pp

1368.38%-1355.7pp

Employer contribution / active EE

$2,067

$2,219-6.9%

$3,950-47.7%

$2,625-21.2%

Participant deferral / active EE

$5,286

$4,515+17.1%

$6,278-15.8%

$4,348+21.6%

Admin fee / account holder

$460

$1,812-74.6%

$10,419-95.6%

$1,944-76.3%

Provider

Service type

Compensation

NATIONWIDE10+ years

Service code 64 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping Fees

$37,158

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC

Service code 27

Advisory (Plan)

$21,450

LEAFHOUSE FINANCIAL ADVISORS, LLC1 year

Filed as: LEAFHOUSE FINANCIAL SERVICES

Service code 99 · EIN 26-4311657

6504 BRIDGEPOINT PARKWAY #450 · AUSTIN, TX 78730

Other Fees

$7,428

WC ADMINISTRATORS, LLC1 year

Filed as: WC ADMINISTRATORS,LLC

Service code 13

Contract Administrator

$4,710

WC ADMINISTRATORS, LLC10+ years

Service code 13 · EIN 20-1663072

6995 UNION PARK CENTER #320 · MIDVALE, UT 84047

Contract Administrator

$2,311

LPL FINANCIAL9 years

Filed as: LPL FINANCIAL, LLC

Service code 27 · EIN 95-2834236

4707 EXECUTIVE DRIVE · SAN DIEGO, CA 92121

Advisory (Plan)

$1,971

BOYER 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOYER 401(K) RETIREMENT 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