Retirement plan

BRISTOL ID TECHNOLOGIES 401(K) PROFIT SHARING PLAN

Name: BRISTOL GRAPHICS, INC. DBA BRISTOL ID TECHNOLOGIES, INC. - BRISTOL ID TECHNOLOGIES 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: BRISTOL GRAPHICS, INC. DBA BRISTOL ID TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRISTOL ID TECHNOLOGIES 401(K) PROFIT SHARING PLAN, BRISTOL GRAPHICS, INC. DBA BRISTOL ID TECHNOLOGIES, INC.

BRISTOL GRAPHICS, INC. DBA BRISTOL ID TECHNOLOGIES, INC.EIN 16-1423296Plan #001PY 2022

1370 ROCHESTER STREET - LIMA, NY 14485585-582-5120

Prospect flagsLow assets / participantLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$3.4M

-13.5% from 2021

Total participants

214

+8.1% from 2021

Average account balance

$16,680

-23.3% from 2021

Annual return

-16.66%

-30.05 pp from 2021

Benchmarks

See 1,872 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,872 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.07M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

160

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.

90.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$515K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$460

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$18,369
INTELLICENTS INVESTMENT SOLUTIONS I1 year Filed as: INTELLICENTS INVESTMENT SOLUTIONS Service code 27 100 N BROADWAY · ALBERT LEA, MN 56007	Advisory (Plan)	$13,638
THE FINWAY GROUP1 year Filed as: THE FINWAY GROUP LLC Service code 13 5625 MILLS CIVIC PKWY STE 101 · WEST DES MOINES, IA 50266	Contract Administrator	$500
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$432

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$33K

$250 / participant

Investment mgmt$15K44.7%
Contract admin$18K55.3%

% of EOY assets

0.962%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHEN & COMPANY LTD
Auditor EIN: 341912961
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,680

$72,620-77.0%

$90,756-81.6%

$66,930-75.1%

Participation rate

91.5%

73.7%+17.8pp

75.7%+15.8pp

69.8%+21.7pp

Annual return

-16.66%

-12.28%-4.4pp

-12.16%-4.5pp

1.57%-18.2pp

Employer contribution / active EE

$559

$2,369-76.4%

$2,922-80.9%

$2,545-78.0%

Participant deferral / active EE

$2,965

$3,979-25.5%

$4,565-35.0%

$4,238-30.0%

Admin fee / account holder

$160

$707-77.3%

$8,445-98.1%

$593-73.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$18,369

INTELLICENTS INVESTMENT SOLUTIONS I1 year

Filed as: INTELLICENTS INVESTMENT SOLUTIONS

Service code 27

100 N BROADWAY · ALBERT LEA, MN 56007

Advisory (Plan)

$13,638

THE FINWAY GROUP1 year

Filed as: THE FINWAY GROUP LLC

Service code 13

5625 MILLS CIVIC PKWY STE 101 · WEST DES MOINES, IA 50266

Contract Administrator

$500

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$432

BRISTOL ID TECHNOLOGIES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRISTOL ID TECHNOLOGIES 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