Retirement plan

BPS COMPANY OF MICHIGAN

Name: BPS COMPANY OF MICHIGAN - BPS COMPANY OF MICHIGAN (2020) Form 5500
Creator: BPS COMPANY OF MICHIGAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BPS COMPANY OF MICHIGAN, BPS COMPANY OF MICHIGAN

BPS COMPANY OF MICHIGANEIN 20-8971925Plan #001PY 2020

6690 RYNN ROAD - CLYDE, MI 48049810-985-4934

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$797K

+45.3% from 2019

Total participants

0.0% from 2019

Average account balance

$797,001

+45.3% from 2019

Annual return

35.07%

+31.76 pp from 2019

Benchmarks

See 21,446 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,446 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.15M

Not enough data

1 years with asset history on file

Average account balance

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

$1.2M

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$77K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$77K

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

+21.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$365

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 codes2J2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$797,001

$112,131+610.8%

$95,964+730.5%

$158,982+401.3%

Participation rate

100.0%

79.0%+21.0pp

77.1%+22.9pp

82.0%+18.0pp

Annual return

35.07%

171.19%-136.1pp

91.64%-56.6pp

302.99%-267.9pp

Employer contribution / active EE

$30,000

$3,199+837.8%

$2,541+1080.5%

$4,763+529.9%

Participant deferral / active EE

$26,000

$4,784+443.5%

$4,167+524.0%

$5,983+334.5%

Admin fee / account holder

$10,136-100.0%

$6,797-100.0%

$11,252-100.0%

BPS COMPANY OF MICHIGAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

BPS COMPANY OF MICHIGAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion