Retirement plan

BASSANI POWER EQUIPMENT, LLC RETIREMENT PLAN

Name: BASSANI POWER EQUIPMENT, LLC - BASSANI POWER EQUIPMENT, LLC RETIREMENT PLAN (2023) Form 5500
Creator: BASSANI POWER EQUIPMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BASSANI POWER EQUIPMENT, LLC RETIREMENT PLAN, BASSANI POWER EQUIPMENT, LLC

BASSANI POWER EQUIPMENT, LLCEIN 22-3078747Plan #001PY 2023

108 UNIONVILLE RD. - SUSSEX, NJ 074613720973-875-1900bassanipowerequipment.comLinkedIn1-10 employeesconsumer services

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$1.1M

+7.8% from 2022

Total participants

+12.5% from 2022

Average account balance

$69,976

+7.8% from 2022

Annual return

2.59%

+5.67 pp from 2022

Benchmarks

See 41,776 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,776 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$814K

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+3.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28816

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 codes2E2G2J3D

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$385

$30 / participant

Other / not subdivided$385100.0%

% of EOY assets

0.034%

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

$69,976

$96,691-27.6%

$86,656-19.2%

$139,487-49.8%

Participation rate

84.6%

74.4%+10.2pp

71.7%+12.9pp

80.3%+4.3pp

Annual return

2.59%

106.87%-104.3pp

593.09%-590.5pp

373.84%-371.3pp

Employer contribution / active EE

$1,159

$3,267-64.5%

$3,025-61.7%

$4,755-75.6%

Participant deferral / active EE

$3,036

$4,838-37.3%

$4,439-31.6%

$6,713-54.8%

Admin fee / account holder

$24

$6,414-99.6%

$5,619-99.6%

$11,407-99.8%

BASSANI POWER EQUIPMENT, LLC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BASSANI POWER EQUIPMENT, LLC RETIREMENT 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