Plan Ledger DOL Form 5500 · updated monthly

Bci, Inc. 401(K) Profit Sharing Plan401(k)

BCI, INC. 401(K) PROFIT SHARING PLAN · WINDSOR, CT · plan year 2023

Reported admin expense ratio · 2023
0.60%

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

Bci, Inc. 401(K) Profit Sharing Plan reported $37,997 in plan administrative expenses for 2023: 0.60% of average plan assets, above the peer median. Employer contributions averaged $907 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.

Across the 2 years on file its reported administrative ratio rose from 0.58% to 0.61%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Connecticut (847th of 1,106), and the 1,241st of 2,534 in administrative & support services. In 2023, employees put in $1.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,853,972
Participants with balances137
Active participants155
Employer contributions$140,646
Employee contributions$198,776
Employer contribution per active participant$907
Average account balance$50,029
Benefits paid to participants$285,924
Plan auditUnmodified (clean) audit opinion
AuditorNICOLA, YESTER & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 143 accts · $89K emplr
2023$6.9M · 137 accts · $141K emplr
2022$5.8M · 130 accts · $272K emplr
The Bci, Inc. 401(K) Profit Sharing Plan 401(k) match · 2023
Employer contribution per active participant$907
Median for plans this size$1,308
2024$586 per active participant
2023$907 per active participant
2022$1,811 per active participant

Bci, Inc. 401(K) Profit Sharing Plan's 2023 employer contribution ran below the $1,308 median for plans its size. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$20,733
PENSION CONSULTANTS, INC. · Recordkeeping · Loan processing$1,921
SECURITIES AMERICA ADVISORS INC. · Investment advisory (plan)$14,140

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024PENSION CONSULTANTS, INC. - CT, Transamerica
2023PENSION CONSULTANTS, INC., Transamerica

This plan has changed recordkeepers within these filings. If you left Bci, Inc. 401(K) Profit Sharing Plan before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$41,038 · 0.61%
2023$37,997 · 0.60%
2022$38,652 · 0.58%
Similar plansAdministrative & Support Services · Connecticut
The Workplace, Inc. CT$19.0M · 0.50%
Imagineers, L.L.C CT$14.0M · 0.92%
Basement Systems, Inc. CT$12.8M · 0.81%
Project Genesis, Inc. CT$6.0M · 0.07%
Aquinas Consulting, LLC CT$5.0M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061308260 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.