Retirement plan

BRISTOL BAY NATIVE CORPORATION 401(K) SAVINGS PLAN

Name: BRISTOL BAY NATIVE CORPORATION - BRISTOL BAY NATIVE CORPORATION 401(K) SAVINGS PLAN (2024) Form 5500
Creator: BRISTOL BAY NATIVE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRISTOL BAY NATIVE CORPORATION 401(K) SAVINGS PLAN, BRISTOL BAY NATIVE CORPORATION

BRISTOL BAY NATIVE CORPORATIONEIN 92-0042041Plan #002PY 2024

111 W. 16TH AVENUE, SUITE 400 - ANCHORAGE, AK 99501907-278-3602bbnc.netLinkedIn1001-5000 employeesexecutive office

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed March 16, 2018

Plan administrator

Plan administrator name— Sign in and upgrade to view

111 W 16th Ave, Ste 400

Anchorage State: AK Zip Code: 99501

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Plans declared (1)

Bristol Bay Native Corporation Non-qualified Deferred Compensation Plan37 emp

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Total assets (EOY)

$479.8M

+15.7% from 2023

Total participants

9,825

+7.0% from 2023

Average account balance

$56,742

+6.9% from 2023

Annual return

13.27%

-4.61 pp from 2023

Benchmarks

See 1,214 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,214 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$479.81M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

8,456

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.

74.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$55.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$72

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 4 by compensation

Provider	Service type	Compensation
NWPS4 years Service code 15 · EIN 91-2090931	Recordkeeping	$417,764
MATRIX TRUST COMPANY5 years Filed as: MATRIX TRUST Service code 19 · EIN 65-1214236	Securities Custodian	$101,650
UBS FINANCIAL SERVICES INC10+ years Filed as: UBS FINANCIAL SERVICES INC. Service code 26 · EIN 13-2638116	Advisory (Participants)	$45,000
MOSS ADAMS LLP2 years Filed as: MOSS ADAMS Service code 10 · EIN 91-0189318	Accounting	$44,346

Plan features & details

Pension benefit codes2E2G2J2K2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

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

$609K

$113 / participant

Recordkeeping$418K68.6%
Trustee / custodial$102K16.7%
Investment mgmt$45K7.4%
Other / not subdivided$44K7.3%

% of EOY assets

0.127%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US
Auditor EIN: 301413443
Audit fees: $44,346
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,742

$99,314-42.9%

$136,072-58.3%

$99,314-42.9%

Participation rate

74.6%

71.7%+2.9pp

76.4%-1.8pp

71.7%+2.9pp

Annual return

13.27%

17.67%-4.4pp

580.46%-567.2pp

17.67%-4.4pp

Employer contribution / active EE

$4,661

$3,264+42.8%

$4,216+10.6%

$3,264+42.8%

Participant deferral / active EE

$5,610

$5,346+4.9%

$7,028-20.2%

$5,346+4.9%

Admin fee / account holder

$72

$109-34.1%

$6,718-98.9%

$109-34.1%

Provider

Service type

Compensation

NWPS4 years

Service code 15 · EIN 91-2090931

Recordkeeping

$417,764

MATRIX TRUST COMPANY5 years

Filed as: MATRIX TRUST

Service code 19 · EIN 65-1214236

Securities Custodian

$101,650

UBS FINANCIAL SERVICES INC10+ years

Filed as: UBS FINANCIAL SERVICES INC.

Service code 26 · EIN 13-2638116

Advisory (Participants)

$45,000

MOSS ADAMS LLP2 years

Filed as: MOSS ADAMS

Service code 10 · EIN 91-0189318

Accounting

$44,346

BRISTOL BAY NATIVE CORPORATION 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRISTOL BAY NATIVE CORPORATION 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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