Retirement plan

BLACKSTONE CONSULTING, INC. RETIREMENT PLAN

Name: BLACKSTONE CONSULTING, INC. - BLACKSTONE CONSULTING, INC. RETIREMENT PLAN (2021) Form 5500
Creator: BLACKSTONE CONSULTING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLACKSTONE CONSULTING, INC. RETIREMENT PLAN, BLACKSTONE CONSULTING, INC.

BLACKSTONE CONSULTING, INC.EIN 95-4459467Plan #001PY 2021

11726 SAN VICENTE BLVD STE 550 - LOS ANGELES, CA 90049424-293-5361blackstone-consulting.comLinkedIn5001-10000 employeesenvironmental services

Prospect flagsLow returnsLow participationLow assets / participantLow employer contributionLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$1.7M

+38.6% from 2020

Total participants

292

-11.2% from 2020

Average account balance

$8,650

+66.5% from 2020

Annual return

11.09%

-19.81 pp from 2020

Benchmarks

See 1,089 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,089 peers

Snapshot2021

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.80M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

47.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$935K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$69

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 4 by compensation

Provider	Service type	Compensation
BAS PARTNERS5 years Service code 10 15800 PINES BLVD STE 300 · PEMBROKE PINES, FL 330271212	Accounting	$3,200
GREAT-WEST LIFE & ANNUITY INSURANCE7+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$3,194
BOON ADMINISTRATIVE SERVICES INC5 years Service code 13 6300 BRIDGE POINT PKWY · AUSTIN, TX 78730	Contract Administrator	$3,000
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,233

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$12K

$56 / participant

Investment mgmt$5K45.0%
Contract admin$3K27.5%
Other / not subdivided$3K27.5%

% of EOY assets

0.675%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BAS PARTNERS
Auditor EIN: 208779390
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,650

$79,694-89.1%

$96,139-91.0%

$79,386-89.1%

Participation rate

54.9%

54.0%+0.9pp

68.4%-13.6pp

70.7%-15.9pp

Annual return

11.09%

40.84%-29.8pp

191.94%-180.9pp

116.85%-105.8pp

Employer contribution / active EE

$25

$1,443-98.3%

$2,797-99.1%

$2,427-99.0%

Participant deferral / active EE

$1,838

$2,539-27.6%

$4,349-57.7%

$4,046-54.6%

Admin fee / account holder

$58

$630-90.7%

$5,537-98.9%

$626-90.7%

Provider

Service type

Compensation

BAS PARTNERS5 years

Service code 10

15800 PINES BLVD STE 300 · PEMBROKE PINES, FL 330271212

Accounting

$3,200

GREAT-WEST LIFE & ANNUITY INSURANCE7+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$3,194

BOON ADMINISTRATIVE SERVICES INC5 years

Service code 13

6300 BRIDGE POINT PKWY · AUSTIN, TX 78730

Contract Administrator

$3,000

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,233

BLACKSTONE CONSULTING, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLACKSTONE CONSULTING, INC. 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