Retirement plan

BARRACUDA INDUSTRIES 401(K) PLAN

Name: BARRACUDA INDUSTRIES - BARRACUDA INDUSTRIES 401(K) PLAN (2020) Form 5500
Creator: BARRACUDA INDUSTRIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BARRACUDA INDUSTRIES 401(K) PLAN, BARRACUDA INDUSTRIES

BARRACUDA INDUSTRIESEIN 20-2334084Plan #001PY 2020

48230 WEST ROAD, PO BOX 930439 - WIXOM, MI 48939248-624-5050LinkedIn51-200 employeeschemicals

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$2.1M

+32.8% from 2019

Total participants

109

-0.9% from 2019

Average account balance

$24,811

+60.0% from 2019

Annual return

24.12%

+4.53 pp from 2019

Benchmarks

See 5,720 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,720 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.75M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

77.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$258K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+18.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4014

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

Top 2 by compensation

Provider	Service type	Compensation
GREYSTONE CONSULTING1 year Filed as: GREYSTONE FINANCIAL GROUP, LLC Service code 27 665 HULET DR. · BLOOMFIELD HILLS, MI 48302	Advisory (Plan)	$10,735
PROFESSIONAL CAPITAL SERVICES, LLC1 year Service code 13 1801 MARKET STREET · PHILADELPHIA, PA 19103	Contract Administrator	$9,236

Plan features & details

Pension benefit codes2E2G2J2K3D

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.
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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$20K

$219 / participant

Investment mgmt$11K53.8%
Contract admin$9K46.2%

% of EOY assets

0.970%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DOEREN MAYHEW
Auditor EIN: 382492570
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,811

$81,208-69.4%

$98,920-74.9%

$79,852-68.9%

Participation rate

71.4%

72.5%-1.1pp

76.0%-4.6pp

69.6%+1.8pp

Annual return

24.12%

60.99%-36.9pp

196.47%-172.4pp

31.72%-7.6pp

Employer contribution / active EE

$1,960-100.0%

$2,689-100.0%

$2,471-100.0%

Participant deferral / active EE

$2,796

$3,265-14.3%

$4,245-34.1%

$3,740-25.2%

Admin fee / account holder

$241

$6,013-96.0%

$6,643-96.4%

$5,306-95.5%

Provider

Service type

Compensation

GREYSTONE CONSULTING1 year

Filed as: GREYSTONE FINANCIAL GROUP, LLC

Service code 27

665 HULET DR. · BLOOMFIELD HILLS, MI 48302

Advisory (Plan)

$10,735

PROFESSIONAL CAPITAL SERVICES, LLC1 year

Service code 13

1801 MARKET STREET · PHILADELPHIA, PA 19103

Contract Administrator

$9,236

BARRACUDA INDUSTRIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARRACUDA INDUSTRIES 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