Retirement plan

BLOOM ENGINEERING COMPANY, INC. SAVINGS PLAN

Name: BLOOM ENGINEERING COMPANY, INC. - BLOOM ENGINEERING COMPANY, INC. SAVINGS PLAN (2016) Form 5500
Creator: BLOOM ENGINEERING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLOOM ENGINEERING COMPANY, INC. SAVINGS PLAN, BLOOM ENGINEERING COMPANY, INC.

BLOOM ENGINEERING COMPANY, INC.EIN 25-0938174Plan #003PY 2016

5460 HORNING ROAD - PITTSBURGH, PA 15236412-653-3500bloomeng.comLinkedIn51-200 employeesmechanical or industrial engineering

Other plans on this EIN

2 filings

#001Retirement-$4.7M assets #002Retirement-$3.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.9M

+15.0% from 2015

Total participants

154

-6.1% from 2015

Average account balance

$77,794

+23.2% from 2015

Annual return

8.35%

+8.97 pp from 2015

Benchmarks

See 4,221 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,221 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.05M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

123

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

$1.67M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+15.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$295

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
LUTTNER FINANCIAL GROUP2+ years Service code 27 244 BLVD OF THE ALLIES · PITTSBURGH, PA 15213	Advisory (Plan)	$26,781
PROFESSIONAL CAPITAL SERVICES, LLC2+ years Filed as: PROFESSIONAL CAPITAL SERVICES Service code 12 · EIN 23-3038464	Consulting (general); Participant loa...	$26,057
BRINKER CAPITAL2+ years Service code 28 1055 WESTLAKES DRIVE · BERWYN, PA 19312	Investment Management	$21,424

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
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

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

$82K

$619 / participant

Investment mgmt$48K59.0%
Contract admin$26K31.9%
Other / not subdivided$7K9.0%

% of EOY assets

0.686%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SISTERSON & CO., LLP
Auditor EIN: 251467156
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,794

$60,165+29.3%

$74,184+4.9%

$55,167+41.0%

Participation rate

99.2%

74.2%+25.1pp

76.6%+22.6pp

69.0%+30.3pp

Annual return

8.35%

10.00%-1.6pp

17.74%-9.4pp

169.23%-160.9pp

Employer contribution / active EE

$6,835

$1,600+327.3%

$2,370+188.4%

$1,963+248.3%

Participant deferral / active EE

$5,430

$2,973+82.7%

$3,550+53.0%

$3,054+77.8%

Admin fee / account holder

$534

$419+27.3%

$5,586-90.4%

$504+5.9%

Provider

Service type

Compensation

LUTTNER FINANCIAL GROUP2+ years

Service code 27

244 BLVD OF THE ALLIES · PITTSBURGH, PA 15213

Advisory (Plan)

$26,781

PROFESSIONAL CAPITAL SERVICES, LLC2+ years

Filed as: PROFESSIONAL CAPITAL SERVICES

Service code 12 · EIN 23-3038464

Consulting (general); Participant loa...

$26,057

BRINKER CAPITAL2+ years

Service code 28

1055 WESTLAKES DRIVE · BERWYN, PA 19312

Investment Management

$21,424

BLOOM ENGINEERING COMPANY, INC. SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLOOM ENGINEERING COMPANY, INC. SAVINGS 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