P PlanScore

Home / Employer profile

Department of Labor filing

BUILD AMERICA MUTUAL ASSURANCE C

BUILD AMERICA MUTUAL ASSURANCE COMPANY 401(K) PLAN · For the plan year ended Dec 31, 2022

Spot something wrong?
Public filing 2022 · received Aug 11, 2023Verified current terms Not available

Plan at a glance

How good does the filing look?

90filing comparison
out of 100

The filing signals stronger employer support and/or lower plan-paid administrative costs than many comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support
$8,313

Reported employer contributions per active participant.

Higher than about 91% of comparable plans
#People in the filing
88

Active participants reported for 2022.

The filing does not say how many employees are currently contributing.
¢Visible plan-paid fees
$14 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 86% of comparable plans
↗Investment performance
Not available

Plan assets changed -17.5%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.
What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓
Filing comparison · 202290out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions91st percentileTypical peer $1,903 · based on 6,950 comparable plans
Lower reported administrative expense86th percentileTypical peer $127 · based on 7,543 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2022, BUILD AMERICA MUTUAL ASSURANCE C reported $731,559 in employer contributions across the plan and 88 active participants. That works out to $8,313 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy85%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 0.0%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 0.0%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context90/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions
$731,559
Participant contributions
$1,404,231
Other contributions
Not reported
Employer share of reported contributions
34.3%
Beginning assets
$25,501,178
Ending assets
$21,027,647
Ending net assets
$21,027,647
Ending liabilities
$0
Total income
-$2,023,478
Total expenses
$2,450,053
Administrative expenses
$1,562
Participant loans
$138,657

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant
2022
$8,313
Plan-paid administrative expenses per participant
2022
$14
Active participants
2022
88
Detailed filing history
Plan yearPer active participantActive participantsPlan assetsFiling ID
2022$8,3138821M20230810230717NAL0016702515001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets
0.7%
Independent accountant’s opinion
Unqualified opinion Code 1
Late participant contributions reported
Not stated in the filing
Public plan identifier
454858468-001

Reported plan details

Identity and filing status

Plan type
Retirement plan
Employer arrangement
Single-employer plan
Plan effective date
Oct 1, 2021
Industry
Finance and insurance
Amended filing
No
Final filing for this plan
No
Short plan year
No
401(k) feature reported
Yes
Show DOL characteristic codes2E2F2G2J2K2T3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

ProviderPlan yearDirect compensationIndirect compensation
ALLIANZ GLOBAL INVESTORS DISTRIBUTO2022Not reportedunknown
AMERICAN FUNDS DISTRIBUTORS, INC.2022Not reportedunknown
BAIRD2022Not reportedunknown
BLACKROCK INVESTMENTS, INC.2022Not reportedunknown
CALVERT DISTRIBUTORS, INC.2022Not reportedunknown
COHEN & STEERS CAPITAL MANAGEMENT2022Not reportedunknown
DELAWARE INVESTMENTS2022Not reportedunknown
DIMENSIONAL FUND ADVISORS2022Not reportedunknown
FIDELITY DISTRIBUTORS CORP.2022Not reportedunknown
FRANKLIN TEMPLETON DISTRIBUTORS, IN2022Not reportedunknown
INVESCO2022Not reportedunknown
J.P. MORGAN INVESTMENT MANAGEMENT2022Not reportedunknown
LEGG MASON INVESTOR SERVICES, LLC2022Not reportedunknown
MFS FUND DISTRIBUTORS, INC.2022Not reportedunknown
PUTNAM RETAIL MANAGEMENT2022Not reportedunknown
QUASER DISTRIBUTORS2022Not reportedunknown
TIAA-CREF FUNDS2022Not reportedunknown
VANGUARD2022Not reportedunknown

Current plan terms

Help fill the gap the filing leaves.

If you have a current SPD, fee disclosure, or enrollment guide, you can share it with us. We check the source and date before adding anything to the profile.

Share a document →
Filing ACK_ID20230810230717NAL0016702515001
Data sourceDOL Form 5500 bulk data ↗
Filing searchEFAST2 ↗