Retirement plan

BAUM'S CASTORINE CO., INC. 401(K) SALARY SAVINGS PLAN

Name: BAUM'S CASTORINE CO.,INC. - BAUM'S CASTORINE CO., INC. 401(K) SALARY SAVINGS PLAN (2021) Form 5500
Creator: BAUM'S CASTORINE CO.,INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAUM'S CASTORINE CO., INC. 401(K) SALARY SAVINGS PLAN, BAUM'S CASTORINE CO.,INC.

BAUM'S CASTORINE CO.,INC.EIN 15-0240840Plan #001PY 2021

200 MATTHEW ST. - ROME, NY 13440315-336-8154baumscastorine.comLinkedIn11-50 employeeschemicals

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$2.2M

+5.3% from 2020

Total participants

-15.4% from 2020

Average account balance

$239,840

+28.7% from 2020

Annual return

9.12%

-2.14 pp from 2020

Benchmarks

See 8,357 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,357 peers

Snapshot2021

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 codes3D2E2J2F2T

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 employer contribution
Employer 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.)

Expense breakdown

Schedule H Part II

Admin total

$142K

$17779 / participant

Other / not subdivided$142K100.0%

% of EOY assets

6.589%

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

$239,840

$127,779+87.7%

$106,551+125.1%

$167,518+43.2%

Participation rate

75.0%

78.3%-3.3pp

76.1%-1.1pp

82.1%-7.1pp

Annual return

9.12%

33.87%-24.8pp

26.80%-17.7pp

478.71%-469.6pp

Employer contribution / active EE

$450

$3,427-86.9%

$2,819-84.0%

$4,838-90.7%

Participant deferral / active EE

$7,642

$5,088+50.2%

$4,398+73.7%

$6,342+20.5%

Admin fee / account holder

$15,803

$11,228+40.7%

$7,408+113.3%

$12,312+28.4%

BAUM'S CASTORINE CO., INC. 401(K) SALARY SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAUM'S CASTORINE CO., INC. 401(K) SALARY SAVINGS 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