Retirement plan

BPS COMPANY OF MICHIGAN

Name: BPS COMPANY OF MICHIGAN - BPS COMPANY OF MICHIGAN (2022) 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 2022

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

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$791K

+1.2% from 2021

Total participants

0.0% from 2021

Average account balance

$791,459

+1.2% from 2021

Annual return

-7.01%

+2.19 pp from 2021

Benchmarks

See 22,382 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,382 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.06M

Not enough data

1 years with asset history on file

Average account balance

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

$2.1M

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

$78K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$78K

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

+72.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$398

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.

Expense breakdown

Schedule H Part II

Admin total

$285

$285 / participant

Other / not subdivided$285100.0%

% of EOY assets

0.036%

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

$791,459

$100,772+685.4%

$86,690+813.0%

$134,493+488.5%

Participation rate

100.0%

78.9%+21.1pp

76.6%+23.4pp

81.2%+18.8pp

Annual return

-7.01%

29.06%-36.1pp

35.93%-42.9pp

418.01%-425.0pp

Employer contribution / active EE

$38,500

$3,490+1003.3%

$2,837+1257.2%

$4,740+712.2%

Participant deferral / active EE

$26,000

$5,338+387.0%

$4,656+458.4%

$6,400+306.3%

Admin fee / account holder

$285

$10,920-97.4%

$7,490-96.2%

$11,425-97.5%

BPS COMPANY OF MICHIGAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BPS COMPANY OF MICHIGAN

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