Retirement plan

BANES AND MAYER, INC. PROFIT SHARING PLAN

Name: BANES AND MAYER, INC. - BANES AND MAYER, INC. PROFIT SHARING PLAN (2023) Form 5500
Creator: BANES AND MAYER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BANES AND MAYER, INC. PROFIT SHARING PLAN, BANES AND MAYER, INC.

BANES AND MAYER, INC.EIN 23-1298432Plan #003PY 2023

540 UNION SQUARE DRIVE, SUITE 9 - NEW HOPE, PA 18938215-641-1750

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$8.1M

+15.7% from 2022

Total participants

0.0% from 2022

Average account balance

$2,693,266

+15.7% from 2022

Annual return

13.87%

+24.80 pp from 2022

Benchmarks

See 8,686 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,686 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.63M

Not enough data

1 years with asset history on file

Average account balance

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

$3.5M

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

$55K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+14.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$58

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 codes2E2J

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

$2,693,266

$118,467+2173.4%

$98,450+2635.7%

$139,456+1831.3%

Participation rate

100.0%

77.5%+22.5pp

75.2%+24.8pp

80.3%+19.7pp

Annual return

13.87%

18.95%-5.1pp

21.16%-7.3pp

373.45%-359.6pp

Employer contribution / active EE

$21,433

$3,611+493.6%

$3,049+603.0%

$4,753+351.0%

Participant deferral / active EE

$21,667

$5,393+301.7%

$4,739+357.2%

$6,711+222.8%

Admin fee / account holder

$14,057-100.0%

$8,961-100.0%

$11,407-100.0%

BANES AND MAYER, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

BANES AND MAYER, INC. PROFIT SHARING PLAN

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