Retirement plan

BOIRON, INC. PROFIT SHARING & 401(K) PLAN

Name: BOIRON, INC. - BOIRON, INC. PROFIT SHARING & 401(K) PLAN (2022) Form 5500
Creator: BOIRON, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOIRON, INC. PROFIT SHARING & 401(K) PLAN, BOIRON, INC.

BOIRON, INC.EIN 23-2063718Plan #001PY 2022

4 CAMPUS BOULEVARD - NEWTOWN SQUARE, PA 19073610-325-7464boironusa.comLinkedIn51-200 employeespharmaceuticals

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$21M

-9.4% from 2021

Total participants

164

+3.1% from 2021

Average account balance

$138,189

-10.0% from 2021

Annual return

-15.02%

-37.57 pp from 2021

Benchmarks

See 1,872 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,872 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.03M

Not enough data

1 years with asset history on file

Average account balance

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

$192K

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.

162

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.

90.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+14.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$571

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 2 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.8+ years Filed as: WELLS FARGO ADVISORS Service code 27 1 NORTH JEFFERSON AVE. · ST. LOUIS, MO 63103	Advisory (Plan)	$53,295
NEWPORT GROUP, INC.3 years Filed as: NEWPORT GOURP, INC. Service code 13 · EIN 27-2037969	Contract Administrator	$24,265

Plan features & details

Pension benefit codes2E2F2G2J2T3D3F3H

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$78K

$558 / participant

Investment mgmt$53K68.3%
Contract admin$24K31.1%
Other / not subdivided$4950.6%

% of EOY assets

0.372%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EISNERAMPER, LLP
Auditor EIN: 871363769
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$138,189

$72,620+90.3%

$90,756+52.3%

$66,930+106.5%

Participation rate

91.4%

73.7%+17.7pp

75.7%+15.7pp

69.8%+21.6pp

Annual return

-15.02%

-12.28%-2.7pp

-12.16%-2.9pp

1.57%-16.6pp

Employer contribution / active EE

$5,815

$2,369+145.4%

$2,922+99.0%

$2,545+128.5%

Participant deferral / active EE

$7,853

$3,979+97.4%

$4,565+72.0%

$4,238+85.3%

Admin fee / account holder

$514

$707-27.4%

$8,445-93.9%

$593-13.5%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.8+ years

Filed as: WELLS FARGO ADVISORS

Service code 27

1 NORTH JEFFERSON AVE. · ST. LOUIS, MO 63103

Advisory (Plan)

$53,295

NEWPORT GROUP, INC.3 years

Filed as: NEWPORT GOURP, INC.

Service code 13 · EIN 27-2037969

Contract Administrator

$24,265

BOIRON, INC. PROFIT SHARING & 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOIRON, INC. PROFIT SHARING & 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