Retirement plan

BUNDY ASSOCIATES RETIREMENT PLAN

Name: RUSSELL T. BUNDY ASSOCIATES, INC. - BUNDY ASSOCIATES RETIREMENT PLAN (2022) Form 5500
Creator: RUSSELL T. BUNDY ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUNDY ASSOCIATES RETIREMENT PLAN, RUSSELL T. BUNDY ASSOCIATES, INC.

RUSSELL T. BUNDY ASSOCIATES, INC.EIN 23-1670915Plan #001PY 2022

417 EAST WATER STREET - URBANA, OH 43078937-652-2151LinkedIn501-1000 employeesconsumer goods

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$47.8M

-19.2% from 2021

Total participants

638

-6.7% from 2021

Average account balance

$77,668

-13.6% from 2021

Annual return

-19.60%

-35.23 pp from 2021

Benchmarks

See 1,338 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,338 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$55.34M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

668

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.

84.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$171

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$90,071
MERCER3 years Filed as: MERCER INVESTMENT MANAGEMENT INC Service code 27 · EIN 30-0282430	Advisory (Plan)	$37,599
STRATEGIC ADVISORS, INC.7 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$25,281

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$153K

$309 / participant

Investment mgmt$25K16.5%
Other / not subdivided$128K83.5%

% of EOY assets

0.320%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLARK, SCHAEFER, HACKETT & CO.,
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,668

$71,142+9.2%

$119,608-35.1%

$64,814+19.8%

Participation rate

95.6%

78.6%+16.9pp

79.3%+16.3pp

71.5%+24.1pp

Annual return

-19.60%

-10.01%-9.6pp

-14.98%-4.6pp

32.84%-52.4pp

Employer contribution / active EE

$3,132

$2,497+25.4%

$4,232-26.0%

$2,507+24.9%

Participant deferral / active EE

$5,632

$4,490+25.4%

$5,601+0.5%

$4,310+30.7%

Admin fee / account holder

$248

$162+53.1%

$10,326-97.6%

$188+32.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$90,071

MERCER3 years

Filed as: MERCER INVESTMENT MANAGEMENT INC

Service code 27 · EIN 30-0282430

Advisory (Plan)

$37,599

STRATEGIC ADVISORS, INC.7 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$25,281

BUNDY ASSOCIATES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BUNDY ASSOCIATES 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