Retirement plan
RETIREMENT PLAN OF PRO BRUSH DIVISION OF VISTRON CORPORATION
BP CORPORATION NORTH AMERICA INC.EIN 36-1812780Plan #063PY 2020
501 WESTLAKE PARK BLVD., ATTN L CARGILL - HOUSTON, TX 77079888-788-9278
Prospect flagsHigh retiree %Low fidelity bondWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
CLIFFORD E. YORK
Signed 09/05/2021
Plan administrator entity
EMPLOYEE BENEFITS PLAN ADMINISTRATOR
EIN 743259348
501 WESTLAKE PARK BLVD · HOUSTON, TX 77079
Summary metrics
Total assets (EOY)
$674K
-11.5% from 2017
Total participants
102
+7.1% from 2017
Average account balance
$0
No prior year
Annual return
25.57%
-22.90 pp from 2017
Benchmarks
Peer group
Industry32 - Manufacturing
Plan typeDefined benefit
Participants<25
Cohort659 peers
Snapshot2020
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $15,000
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $120,737
0
Admin fee / account holder
$0
median $9,698
93
Annual return
25.57%
median 8.06%
Overall peer rank
93of 100
93rd percentileavg across 6 metrics
Analytics
2016 - 2024
Total assets (EOY)
Plan-year ending balance
$835K
Average account balance
Total assets / participants with a balance (line 6g)
$9K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
99
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
Not enough data
0 years with eligibility data
Contributions (total)
Employer and participant dollars contributed each year
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+27.17%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 1 by compensation
| Provider | Service type | Compensation |
|---|---|---|
JPMORGAN CHASE BANK, N.A.5+ years Service code 21 · EIN 13-4994650 | Bank Trustee | $0 |
Enrolled actuary
1 attachment
SB
PHILIP HELPPI
MERCER
Enrollment #2008575
ONE TOWNE SQUARE, SUITE 1100
SOUTHFIELD, MI 48076
(248) 945-5562
Signed 2021-03-12
Top hat statement on fileNQDC
Filed April 8, 2024 (most recent of 5 filings on file)
Plan administrator
Plans declared (1)
- BP Excess Partnership Savings Plan15 emp
Plan features & details
Pension benefit codes1A1I3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1IFrozen planAs of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
3 tripped
- ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
- InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- DELOITTE & TOUCHE LLP
- Auditor EIN
- 133891517
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified