Retirement plan

BIGGE CRANE AND RIGGING CO. 401(K) PROFIT

Name: BIGGE CRANE AND RIGGING CO. - BIGGE CRANE AND RIGGING CO. 401(K) PROFIT (2024) Form 5500
Creator: BIGGE CRANE AND RIGGING CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BIGGE CRANE AND RIGGING CO. 401(K) PROFIT, BIGGE CRANE AND RIGGING CO.

BIGGE CRANE AND RIGGING CO.EIN 94-3291765Plan #001PY 2024

10700 BIGGE AVENUE - SAN LEANDRO, CA 94577510-877-7017bigge.comLinkedIn501-1000 employeesconstruction

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed June 7, 2018

Plan administrator

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10700 Bigge Avenue

San Leandro State: CA Zip Code: 94577

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Plans declared (1)

Nonqualified Deferred Compensation Plan4 emp

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Total assets (EOY)

$44.9M

+11.4% from 2023

Total participants

556

+8.2% from 2023

Average account balance

$123,629

+9.6% from 2023

Annual return

14.07%

-3.56 pp from 2023

Benchmarks

See 1,563 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,563 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$44.88M

Not enough data

1 years with asset history on file

Average account balance

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

$124K

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.

363

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.

58.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$274

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY10+ years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$99,461
KESTRA INVESTMENT SERVICES LLC6 years Filed as: KESTRA ADVISORY SERVICES LLC Service code 99 · EIN 35-2552359	Other Fees	$52,974

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.

Expense breakdown

Schedule H Part II

Admin total

$99K

$216 / participant

Contract admin$97K97.8%
Other / not subdivided$2K2.2%

% of EOY assets

0.222%

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: METZ CPA, PLLC
Auditor EIN: 464558541
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$123,629

$82,979+49.0%

$102,412+20.7%

$77,736+59.0%

Participation rate

58.1%

71.5%-13.4pp

74.5%-16.4pp

70.6%-12.5pp

Annual return

14.07%

19.11%-5.0pp

24.94%-10.9pp

31.26%-17.2pp

Employer contribution / active EE

$3,210

$3,554-9.7%

$3,870-17.0%

$2,728+17.7%

Participant deferral / active EE

$6,273

$4,109+52.7%

$5,060+24.0%

$4,651+34.9%

Admin fee / account holder

$274

$639-57.1%

$8,388-96.7%

$433-36.8%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY10+ years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$99,461

KESTRA INVESTMENT SERVICES LLC6 years

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 99 · EIN 35-2552359

Other Fees

$52,974

BIGGE CRANE AND RIGGING CO. 401(K) PROFIT

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

BIGGE CRANE AND RIGGING CO. 401(K) PROFIT

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