Retirement plan

O. BERK COMPANY OF NEW ENGLAND, L.L.C. 401(K) PLAN

Name: O. BERK COMPANY OF NEW ENGLAND, L.L.C. - O. BERK COMPANY OF NEW ENGLAND, L.L.C. 401(K) PLAN (2020) Form 5500
Creator: O. BERK COMPANY OF NEW ENGLAND, L.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, O. BERK COMPANY OF NEW ENGLAND, L.L.C. 401(K) PLAN, O. BERK COMPANY OF NEW ENGLAND, L.L.C.

O. BERK COMPANY OF NEW ENGLAND, L.L.C.EIN 22-3596817Plan #001PY 2020

300 CALLEGARI DRIVE - WEST HAVEN, CT 06516203-932-8000LinkedIn11-50 employeesconsumer goods

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$1.3M

-25.4% from 2019

Total participants

-5.0% from 2019

Average account balance

$71,047

-21.3% from 2019

Annual return

6.30%

-1.36 pp from 2019

Benchmarks

See 22,200 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,200 peers

Snapshot2020

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)

$114K

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.

54.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$148K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+16.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9647

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 codes2E2F2G2J3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$633K

$39589 / participant

Other / not subdivided$633K100.0%

% of EOY assets

49.531%

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

$71,047

$162,785-56.4%

$133,959-47.0%

$158,950-55.3%

Participation rate

93.8%

83.2%+10.5pp

79.8%+13.9pp

82.0%+11.8pp

Annual return

6.30%

41.94%-35.6pp

45.09%-38.8pp

302.91%-296.6pp

Employer contribution / active EE

$4,975-100.0%

$3,919-100.0%

$4,762-100.0%

Participant deferral / active EE

$5,628

$5,910-4.8%

$5,047+11.5%

$5,983-5.9%

Admin fee / account holder

$35,190

$11,738+199.8%

$8,928+294.2%

$11,248+212.8%

O. BERK COMPANY OF NEW ENGLAND, L.L.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

O. BERK COMPANY OF NEW ENGLAND, L.L.C. 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