Retirement plan

MICHAEL BAKER INTERNATIONAL 401(K) PLAN

Name: MICHAEL BAKER INTERNATIONAL HOLDCO CORPORATION - MICHAEL BAKER INTERNATIONAL 401(K) PLAN (2023) Form 5500
Creator: MICHAEL BAKER INTERNATIONAL HOLDCO CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICHAEL BAKER INTERNATIONAL 401(K) PLAN, MICHAEL BAKER INTERNATIONAL HOLDCO CORPORATION

MICHAEL BAKER INTERNATIONAL HOLDCO CORPORATIONEIN 25-0927646Plan #002PY 2023

500 GRANT STREET, SUITE 5400 - PITTSBURGH, PA 15219412-269-4600mbakerintl.comLinkedIn1001-5000 employeescivil engineering

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$813M

-6.3% from 2016

Total participants

5,444

-10.8% from 2016

Average account balance

$151,040

+1.6% from 2016

Annual return

20.04%

-6.91 pp from 2016

Benchmarks

See 928 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort928 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$933.44M

Not enough data

1 years with asset history on file

Average account balance

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

$165K

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.

5,653

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$62.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$46

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 5 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP8 years Service code 12 · EIN 93-1253576	Claims processing; Custodial (other t...	$536,230
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$92,074
ANEW ADVISORS LLC2 years Filed as: ANEW ADVISORS, LLC Service code 27 · EIN 87-1992226	Advisory (Plan)	$34,130
BAKER TILLY US, LLP1 year Service code 10 · EIN 39-0859910	Accounting	$15,150
UBS FINANCIAL SERVICES INC1 year Service code 10 · EIN 13-2638166	Accounting	$3,878

Plan features & details

Pension benefit codes2E2F2H2J2K2S2T3D3H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$257K

$72 / participant

Investment mgmt$126K49.2%
Contract admin$111K43.4%
Other / not subdivided$19K7.4%

% of EOY assets

0.032%

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: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: $19,028
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$151,040

$107,415+40.6%

$135,998+11.1%

$80,187+88.4%

Participation rate

98.3%

78.0%+20.3pp

81.9%+16.4pp

72.9%+25.3pp

Annual return

20.04%

91.99%-72.0pp

68.37%-48.3pp

40.40%-20.4pp

Employer contribution / active EE

$4,400

$3,878+13.5%

$4,860-9.5%

$2,980+47.7%

Participant deferral / active EE

$11,454

$8,189+39.9%

$7,761+47.6%

$5,016+128.3%

Admin fee / account holder

$48

$127-62.5%

$10,769-99.6%

$145-67.1%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP8 years

Service code 12 · EIN 93-1253576

Claims processing; Custodial (other t...

$536,230

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$92,074

ANEW ADVISORS LLC2 years

Filed as: ANEW ADVISORS, LLC

Service code 27 · EIN 87-1992226

Advisory (Plan)

$34,130

BAKER TILLY US, LLP1 year

Service code 10 · EIN 39-0859910

Accounting

$15,150

UBS FINANCIAL SERVICES INC1 year

Service code 10 · EIN 13-2638166

Accounting

$3,878

MICHAEL BAKER INTERNATIONAL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MICHAEL BAKER INTERNATIONAL 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