Retirement plan

BRISTOL BAY NATIVE ASSOCIATION 401(K) PLAN

Name: BRISTOL BAY NATIVE ASSOCIATION - BRISTOL BAY NATIVE ASSOCIATION 401(K) PLAN (2023) Form 5500
Creator: BRISTOL BAY NATIVE ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRISTOL BAY NATIVE ASSOCIATION 401(K) PLAN, BRISTOL BAY NATIVE ASSOCIATION

BRISTOL BAY NATIVE ASSOCIATIONEIN 92-0041473Plan #001PY 2023

PO BOX 310 - DILLINGHAM, AK 99576907-842-5257bbnc.netLinkedIn1001-5000 employeesexecutive office

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$8.4M

+7.6% from 2022

Total participants

227

-11.0% from 2022

Average account balance

$38,613

+16.0% from 2022

Annual return

12.67%

+27.96 pp from 2022

Benchmarks

See 5,708 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.01M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

219

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.

76.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$706K

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

+9.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
ABG PORTFOLIO STRATEGIES, INC.5 years Filed as: ALERA INVESTMENT ADVISORS Service code 26 · EIN 82-1301707 THREE PARWAY NORTH, SUITE 500 · DEERFIELD, IL 60015	Advisory (Participants)	$28,934
JOHN HANCOCK LIFE INSURANCE COMPANY5 years Service code 15 · EIN 01-0233346	Recordkeeping	$4,713

Plan features & details

Pension benefit codes2A2E2F2G2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ROGERS, ALTMAN & COMPANY
Auditor EIN: 920143182
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,613

$61,356-37.1%

$149,696-74.2%

$71,511-46.0%

Participation rate

92.1%

62.5%+29.5pp

78.8%+13.3pp

67.9%+24.1pp

Annual return

12.67%

35.86%-23.2pp

134.46%-121.8pp

28.86%-16.2pp

Employer contribution / active EE

$2,979

$2,382+25.1%

$4,821-38.2%

$2,589+15.1%

Participant deferral / active EE

$2,210

$2,920-24.3%

$5,682-61.1%

$4,291-48.5%

Admin fee / account holder

$1,263-100.0%

$13,212-100.0%

$1,588-100.0%

Provider

Service type

Compensation

ABG PORTFOLIO STRATEGIES, INC.5 years

Filed as: ALERA INVESTMENT ADVISORS

Service code 26 · EIN 82-1301707

THREE PARWAY NORTH, SUITE 500 · DEERFIELD, IL 60015

Advisory (Participants)

$28,934

JOHN HANCOCK LIFE INSURANCE COMPANY5 years

Service code 15 · EIN 01-0233346

Recordkeeping

$4,713

BRISTOL BAY NATIVE ASSOCIATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

BRISTOL BAY NATIVE ASSOCIATION 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