Retirement plan

BETHEL MILLS, INC. RETIREMENT PLAN

Name: BETHEL MILLS - BETHEL MILLS, INC. RETIREMENT PLAN (2023) Form 5500
Creator: BETHEL MILLS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BETHEL MILLS, INC. RETIREMENT PLAN, BETHEL MILLS

BETHEL MILLSEIN 03-0105255Plan #002PY 2023

PO BOX 61 - BETHEL, VT 05032802-234-9300bethelmills.comLinkedIn51-200 employeesbuilding materials

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$2.9M

+37.3% from 2022

Total participants

126

-2.3% from 2022

Average account balance

$23,156

+40.6% from 2022

Annual return

15.40%

+23.83 pp from 2022

Benchmarks

See 9,478 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,478 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.84M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$32K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

119

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

91.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$600K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.49%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$196

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC1 year Filed as: CETERA Service code 27 P.O. BOX 293 · ST. CLOUD, MN 56301	Advisory (Plan)	$12,709
AMERICAN FUNDS1 year Service code 64 · EIN 95-6817943 P.O.BOX 6040 · INDIANAPOLIS, IN 462066040	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2H2J2K2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

1 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$17K

$188 / participant

Contract admin$17K100.0%

% of EOY assets

0.591%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NATHAN WECHSLER & CO
Auditor EIN: 020327524
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,156

$65,566-64.7%

$86,235-73.1%

$75,177-69.2%

Participation rate

100.0%

60.5%+39.5pp

69.0%+31.0pp

67.2%+32.8pp

Annual return

15.40%

46.07%-30.7pp

1170.03%-1154.6pp

160.75%-145.4pp

Employer contribution / active EE

$4,110

$1,553+164.6%

$2,381+72.6%

$2,671+53.9%

Participant deferral / active EE

$2,573

$3,023-14.9%

$3,987-35.5%

$4,126-37.6%

Admin fee / account holder

$137

$5,470-97.5%

$6,856-98.0%

$5,651-97.6%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC1 year

Filed as: CETERA

Service code 27

P.O. BOX 293 · ST. CLOUD, MN 56301

Advisory (Plan)

$12,709

AMERICAN FUNDS1 year

Service code 64 · EIN 95-6817943

P.O.BOX 6040 · INDIANAPOLIS, IN 462066040

Recordkeeping Fees

BETHEL MILLS, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BETHEL MILLS, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion