Retirement plan

MESSNER FLOORING 401K SAVINGS PLAN

Name: BJ MESSNER CO., INC. /DBA MESSNER FLOORING - MESSNER FLOORING 401K SAVINGS PLAN (2023) Form 5500
Creator: BJ MESSNER CO., INC. /DBA MESSNER FLOORING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MESSNER FLOORING 401K SAVINGS PLAN, BJ MESSNER CO., INC. /DBA MESSNER FLOORING

BJ MESSNER CO., INC. /DBA MESSNER FLOORINGEIN 16-0878051Plan #001PY 2023

1344 UNIVERSITY AVENUE - ROCHESTER, NY 14607585-271-5670

Other plans on this EIN

1 filing

#002Retirement-$574K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2M

+21.8% from 2022

Total participants

+4.8% from 2022

Average account balance

$90,376

+16.2% from 2022

Annual return

16.35%

+28.63 pp from 2022

Benchmarks

See 22,163 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,163 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.61M

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$383K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+12.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$837

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 codes2E2G2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

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

$224K

$12447 / participant

Other / not subdivided$224K100.0%

% of EOY assets

11.268%

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

$90,376

$102,663-12.0%

$86,216+4.8%

$139,466-35.2%

Participation rate

100.0%

74.5%+25.5pp

69.0%+31.0pp

80.3%+19.7pp

Annual return

16.35%

1924.52%-1908.2pp

1169.42%-1153.1pp

373.66%-357.3pp

Employer contribution / active EE

$9,145

$3,035+201.4%

$2,382+284.0%

$4,754+92.4%

Participant deferral / active EE

$7,734

$4,677+65.3%

$3,986+94.0%

$6,712+15.2%

Admin fee / account holder

$10,184

$8,663+17.6%

$6,853+48.6%

$11,409-10.7%

MESSNER FLOORING 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MESSNER FLOORING 401K 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