Plan Ledger DOL Form 5500 · updated monthly

Bbmk Contracting LLC401(k)

BBMK CONTRACTING LLC 401(K) PLAN · BOCA RATON, FL · plan year 2022

Reported admin expense ratio · 2022
0.66%

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

Bbmk Contracting LLC reported $15,570 in plan administrative expenses for 2022: 0.66% of average plan assets, above the peer median. Employer contributions averaged $2,273 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 construction employers. By assets it is among the smaller plans on file in Florida (3,059th of 3,644), and 4,756th of 5,337 in construction. In 2022, employees put in $1.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,226,511
Participants with balances75
Active participants112
Employer contributions$254,595
Employee contributions$313,163
Employer contribution per active participant$2,273
Average account balance$29,687
Benefits paid to participants$475,143
Plan auditUnmodified (clean) audit opinion
The Bbmk Contracting LLC 401(k) match · 2022
Employer contribution per active participant$2,273
Median for plans this size$1,114

Bbmk Contracting LLC's 2022 employer contribution ran above the $1,114 median for plans its size, placing it in the top 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

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$15,570 · 0.66%
Same employer
Similar plansConstruction · Florida
Carr & Sons Masonry Inc FL$2.3M · 0.96%
Jax Refrigeration, Inc. FL$2.3M · 0.74%
Heichel Plumbing, Inc. FL$2.2M · 1.91%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 263188529 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.