Retirement plan

BISCHOFF AEROSPACE 401(K) PLAN

Name: BISCHOFF AEROSPACE - BISCHOFF AEROSPACE 401(K) PLAN (2024) Form 5500
Creator: BISCHOFF AEROSPACE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BISCHOFF AEROSPACE 401(K) PLAN, BISCHOFF AEROSPACE

BISCHOFF AEROSPACEEIN 27-1454944Plan #001PY 2024

8130 NW 58 STREET - DORAL, FL 33166305-883-4410bischoffaerospace.comLinkedIn11-50 employeesairlines/aviation

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$778K

+76.1% from 2023

Total participants

0.0% from 2023

Average account balance

$37,058

+76.1% from 2023

Annual return

13.58%

-8.22 pp from 2023

Benchmarks

See 23,076 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort23,076 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$778K

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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

$309K

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

+13.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1887

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 codes2E2F2G3D

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.
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

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

$40K

$1887 / participant

Other / not subdivided$40K100.0%

% of EOY assets

5.093%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$37,058

$117,859-68.6%

$102,438-63.8%

$145,959-74.6%

Participation rate

100.0%

78.6%+21.4pp

76.5%+23.5pp

80.3%+19.7pp

Annual return

13.58%

31.72%-18.1pp

29.37%-15.8pp

561.95%-548.4pp

Employer contribution / active EE

$9,621

$3,615+166.1%

$3,024+218.2%

$4,661+106.4%

Participant deferral / active EE

$5,089

$5,732-11.2%

$5,054+0.7%

$6,689-23.9%

Admin fee / account holder

$1,887

$13,318-85.8%

$9,448-80.0%

$13,398-85.9%

BISCHOFF AEROSPACE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BISCHOFF AEROSPACE 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