Retirement plan

THE BIONDO GROUP, INC. 401(K) PROFIT SHARING PLAN

Name: THE BIONDO GROUP, INC. - THE BIONDO GROUP, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: THE BIONDO GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE BIONDO GROUP, INC. 401(K) PROFIT SHARING PLAN, THE BIONDO GROUP, INC.

THE BIONDO GROUP, INC.EIN 13-2611235Plan #005PY 2020

46 SOUTHFIELD AVENUE, SUITE 400 - STAMFORD, CT 06902203-327-5301biondogroup.comLinkedIn11-50 employeesdesign

Prospect flagsHigh feesLow participationHigh assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$3.8M

+18.7% from 2019

Total participants

+12.5% from 2019

Average account balance

$765,678

+18.7% from 2019

Annual return

20.76%

-13.34 pp from 2019

Benchmarks

See 9,162 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort9,162 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.60M

Not enough data

1 years with asset history on file

Average account balance

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

$1.2M

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$600

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$200

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

+6.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$132940

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2H2J2T3D

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$105K

$13139 / participant

Other / not subdivided$105K100.0%

% of EOY assets

2.746%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$765,678

$115,917+560.5%

$100,535+661.6%

$158,982+381.6%

Participation rate

50.0%

81.6%-31.6pp

79.4%-29.4pp

82.0%-32.0pp

Annual return

20.76%

34.80%-14.0pp

30.90%-10.1pp

302.99%-282.2pp

Employer contribution / active EE

$4,105-100.0%

$3,419-100.0%

$4,763-100.0%

Participant deferral / active EE

$1,138

$6,677-83.0%

$6,271-81.9%

$5,983-81.0%

Admin fee / account holder

$21,022

$11,002+91.1%

$8,085+160.0%

$11,252+86.8%

THE BIONDO GROUP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE BIONDO GROUP, INC. 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