Retirement plan

BUFFALO LAKE ERIE WIRELESS SYSTEMS, CO. , LLC 401(K) PLAN

Name: DBA BLUE WIRELESS - BUFFALO LAKE ERIE WIRELESS SYSTEMS, CO. , LLC 401(K) PLAN (2020) Form 5500
Creator: DBA BLUE WIRELESS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUFFALO LAKE ERIE WIRELESS SYSTEMS, CO. , LLC 401(K) PLAN, DBA BLUE WIRELESS

DBA BLUE WIRELESSEIN 20-0028369Plan #001PY 2020

4915 AUBURN AVENUE SUITE 208 - BETHESDA, MD 20814716-607-1093

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$144K

+4.4% from 2019

Total participants

-59.3% from 2019

Average account balance

$13,105

+13.9% from 2019

Annual return

11.34%

-5.12 pp from 2019

Benchmarks

See 9,166 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort9,166 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+4.06%

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 codes2E2F2G2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$16K

Other / not subdivided$16K100.0%

% of EOY assets

10.761%

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

$13,105

$115,901-88.7%

$100,525-87.0%

$158,931-91.8%

Participation rate

0.0%

81.6%-81.6pp

79.4%-79.4pp

82.0%-82.0pp

Annual return

11.34%

34.80%-23.5pp

30.89%-19.6pp

302.86%-291.5pp

Employer contribution / active EE

$4,104-100.0%

$3,418-100.0%

$4,761-100.0%

Participant deferral / active EE

$6,675-100.0%

$6,270-100.0%

$5,982-100.0%

Admin fee / account holder

$1,410

$10,998-87.2%

$8,082-82.6%

$11,247-87.5%

BUFFALO LAKE ERIE WIRELESS SYSTEMS, CO. , LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BUFFALO LAKE ERIE WIRELESS SYSTEMS, CO. , LLC 401(K) 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