Retirement plan

BAUM'S CASTORINE COMPANY, INC. 401(K) PROFIT SHARING PLAN

Name: BAUM'S CASTORINE COMPANY, INC. - BAUM'S CASTORINE COMPANY, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: BAUM'S CASTORINE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAUM'S CASTORINE COMPANY, INC. 401(K) PROFIT SHARING PLAN, BAUM'S CASTORINE COMPANY, INC.

BAUM'S CASTORINE COMPANY, INC.EIN 15-0240840Plan #001PY 2024

200 MATTHEW STREET, BOX 230 - ROME, NY 13440315-336-8154baumscastorine.comLinkedIn11-50 employeeschemicals

Prospect flagsLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$2.2M

+14.2% from 2023

Total participants

+7.7% from 2023

Average account balance

$270,720

+14.2% from 2023

Annual return

8.92%

+1.31 pp from 2023

Benchmarks

See 8,636 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,636 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.17M

Not enough data

1 years with asset history on file

Average account balance

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

$271K

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$100K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+8.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2J2T3D

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).
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$270,720

$126,519+114.0%

$106,201+154.9%

$145,959+85.5%

Participation rate

50.0%

77.7%-27.7pp

75.3%-25.3pp

80.3%-30.3pp

Annual return

8.92%

225.10%-216.2pp

116.26%-107.3pp

561.95%-553.0pp

Employer contribution / active EE

$1,872

$3,726-49.8%

$3,170-40.9%

$4,661-59.8%

Participant deferral / active EE

$6,480

$5,716+13.4%

$5,012+29.3%

$6,689-3.1%

Admin fee / account holder

$17,312-100.0%

$11,039-100.0%

$13,398-100.0%

BAUM'S CASTORINE COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

BAUM'S CASTORINE COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion