Retirement plan

BARLETTA ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN

Name: BARLETTA ENGINEERING CORPORATION - BARLETTA ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: BARLETTA ENGINEERING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BARLETTA ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN, BARLETTA ENGINEERING CORPORATION

BARLETTA ENGINEERING CORPORATIONEIN 04-3034210Plan #002PY 2023

40 SHAWMUT ROAD - SUITE 200 - CANTON, MA 02021781-821-6222

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$46.4M

+18.7% from 2022

Total participants

169

+3.7% from 2022

Average account balance

$286,592

+16.5% from 2022

Annual return

13.73%

+31.21 pp from 2022

Benchmarks

See 3,254 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,254 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$65.82M

Not enough data

1 years with asset history on file

Average account balance

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

$387K

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.

170

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.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.99M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+13.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$337

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
DARMODY MERLINO & CO., LLP1 year Filed as: DARMODY, MERLINO & CO., LLP Service code 99 · EIN 04-2273266	Other Fees	$38,000
AMERICAN FUNDS2 years Filed as: MATRIX PRIVATE CAPITAL GROUP LLC Service code 99 · EIN 38-4016001	Other Fees	$31,935
MORNINGSTAR4 years Service code 27 · EIN 36-3297908	Advisory (Plan)	$22,186
VOYA RETIREMENT INSURANCE & ANNUITY3 years Filed as: VOYA RETIREMENT INS AND ANNUITY CO Service code 27	Advisory (Plan)	$22,186
ASCENSUS LLC2 years Filed as: MAP RETIREMENT USA LLC Service code 99 · EIN 22-2000222	Other Fees	$8,563
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MGMT Service code 26 · EIN 36-4317381	Advisory (Participants)	$8,133
VOYA RETIREMENT INSURANCE & ANNUITY3 years Filed as: VOYA RETIREMENT INS & ANNUITY CO. Service code 26 · EIN 71-0294708	Advisory (Participants)	$0
WILLIAM BLAIR1 year Filed as: WILLIAM BLAIR & COMPANY Service code 99 · EIN 36-2214610	Other Fees	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D2S2T

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).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all 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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$66K

$511 / participant

Contract admin$66K100.0%

% of EOY assets

0.143%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: DARMODY, MERLINO & CO., LLP
Auditor EIN: 042273266
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$286,592

$76,670+273.8%

$96,683+196.4%

$71,457+301.1%

Participation rate

94.6%

66.6%+28.0pp

74.3%+20.3pp

67.9%+26.7pp

Annual return

13.73%

48.29%-34.6pp

35.69%-22.0pp

28.85%-15.1pp

Employer contribution / active EE

$10,348

$3,031+241.4%

$3,737+176.9%

$2,588+299.9%

Participant deferral / active EE

$11,739

$3,771+211.3%

$4,878+140.6%

$4,289+173.7%

Admin fee / account holder

$410

$2,028-79.8%

$6,730-93.9%

$1,587-74.2%

Provider

Service type

Compensation

DARMODY MERLINO & CO., LLP1 year

Filed as: DARMODY, MERLINO & CO., LLP

Service code 99 · EIN 04-2273266

Other Fees

$38,000

AMERICAN FUNDS2 years

Filed as: MATRIX PRIVATE CAPITAL GROUP LLC

Service code 99 · EIN 38-4016001

Other Fees

$31,935

MORNINGSTAR4 years

Service code 27 · EIN 36-3297908

Advisory (Plan)

$22,186

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Filed as: VOYA RETIREMENT INS AND ANNUITY CO

Service code 27

Advisory (Plan)

$22,186

ASCENSUS LLC2 years

Filed as: MAP RETIREMENT USA LLC

Service code 99 · EIN 22-2000222

Other Fees

$8,563

MORNINGSTAR3 years

Filed as: MORNINGSTAR INVESTMENT MGMT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$8,133

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Filed as: VOYA RETIREMENT INS & ANNUITY CO.

Service code 26 · EIN 71-0294708

Advisory (Participants)

WILLIAM BLAIR1 year

Filed as: WILLIAM BLAIR & COMPANY

Service code 99 · EIN 36-2214610

Other Fees

BARLETTA ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARLETTA ENGINEERING CORPORATION 401(K) PROFIT SHARING 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