What are the fees in the Bb&C Management 401(k) plan?

For plan year 2022, Bb&C Management reported $20,042 in plan administrative expenses, or 1.56% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

What is the Bb&C Management 401(k) match?

In 2022, employer contributions to the Bb&C Management plan averaged $506 per active participant, below the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Bb&C Management 401(k)?

The average participant account balance was $31,435 for plan year 2022, based on 30 accounts.

Bb&C Management401(k)

Name: Bb&C Management 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

BB&C MANAGEMENT 401K PLAN · HICKORY, NC · plan year 2022

Reported admin expense ratio · 2022

1.56%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Bb&C Management reported $20,042 in plan administrative expenses for 2022: 1.56% of average plan assets, higher than ~90% of peers. Employer contributions averaged $506 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in North Carolina (1,893rd of 2,005), and 3,084th of 3,341 in other services. In 2022, employees put in $1.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$943,041
Participants with balances30
Active participants165
Employer contributions$83,426
Employee contributions$85,131
Employer contribution per active participant$506
Average account balance$31,435
Benefits paid to participants$680,563
Plan auditUnmodified (clean) audit opinion
AuditorDAVIDSON,HOLLAND,WHITESELL&CO.,PLLC

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$11,327

Investment management$8,715

Total administrative$20,042

The Bb&C Management 401(k) match · 2022

Employer contribution per active participant$506

Median for plans this size$1,114

Bb&C Management's 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$20,042 · 1.56%

Similar plansOther Services · North Carolina
Marquis Contract Corp NC$1.6M · 1.63%
Stricklands Enterprises, LLC NC$1.6M · 3.38%
Parks Heating & Cooling, Inc. NC$1.4M · 1.31%
Lolly Therapeutics LLC NC$982K · 0.37%
Squared Away Partners LLC NC$832K · 0.50%
2U Laundry, Inc. NC$614K · 0.25%
Grace Chapel Christian Church NC$385K · 1.22%
Magic One LLC NC$273K · 2.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262126442 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.