Retirement plan

BARNES, DENNIG & CO., LTD. PROFIT SHARING PLAN

Name: BARNES, DENNIG & CO., LTD. - BARNES, DENNIG & CO., LTD. PROFIT SHARING PLAN (2020) Form 5500
Creator: BARNES, DENNIG & CO., LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BARNES, DENNIG & CO., LTD. PROFIT SHARING PLAN, BARNES, DENNIG & CO., LTD.

BARNES, DENNIG & CO., LTD.EIN 31-1119890Plan #001PY 2020

150 EAST FOURTH STREET - CINCINNATI, OH 45202513-241-8313barnesdennig.comLinkedIn51-200 employeesaccounting

Prospect flagsLow returnsHigh fees

Top hat statement on fileNQDC

Filed December 11, 1992

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$26.1M

+11.8% from 2019

Total participants

182

-0.5% from 2019

Average account balance

$145,063

+13.0% from 2019

Annual return

13.44%

-7.02 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.35M

Not enough data

1 years with asset history on file

Average account balance

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

$189K

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.

208

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

$2.36M

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

+9.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1149

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
BIECHELE ROYCE ADVISORS, INC.2 years Service code 28 · EIN 35-1940654	Investment Management	$21,991
BARTLETT & CO WEALTH MANAGEMENT3 years Filed as: BARTLETT & CO. WEALTH MGMT Service code 28 · EIN 82-3939580	Investment Management	$13,734
MARINER LLC3 years Filed as: MARINER Service code 28 · EIN 20-4553256	Investment Management	$5,950
STIFEL NICOLAUS & CO INC1 year Filed as: STIFEL NICOLAUS Service code 22 · EIN 43-0538770	Insurance Broker	$5,389
MORGAN STANLEY SMITH BARNEY6+ years Service code 33 · EIN 20-8764829	Other services; Securities brokerage;...	$4,510
JOHN HANCOCK LIFE INSURANCE COMPANY6+ years Service code 15 · EIN 01-0233346	Recordkeeping	$1,020
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB Service code 28 · EIN 94-1737782	Investment Management	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T3B3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$154K

$1113 / participant

Investment mgmt$54K35.4%
Contract admin$86K55.8%
Other / not subdivided$14K8.8%

% of EOY assets

0.588%

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: HOLBROOK & MANTER, INC.
Auditor EIN: 310998651
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$145,063

$99,957+45.1%

$149,730-3.1%

$73,493+97.4%

Participation rate

98.6%

75.7%+22.8pp

82.5%+16.1pp

70.7%+27.9pp

Annual return

13.44%

53.87%-40.4pp

276.70%-263.3pp

28.51%-15.1pp

Employer contribution / active EE

$6,277

$3,191+96.7%

$4,645+35.1%

$2,270+176.5%

Participant deferral / active EE

$8,059

$6,073+32.7%

$6,843+17.8%

$3,740+115.5%

Admin fee / account holder

$854

$551+55.0%

$9,310-90.8%

$513+66.4%

Provider

Service type

Compensation

BIECHELE ROYCE ADVISORS, INC.2 years

Service code 28 · EIN 35-1940654

Investment Management

$21,991

BARTLETT & CO WEALTH MANAGEMENT3 years

Filed as: BARTLETT & CO. WEALTH MGMT

Service code 28 · EIN 82-3939580

Investment Management

$13,734

MARINER LLC3 years

Filed as: MARINER

Service code 28 · EIN 20-4553256

Investment Management

$5,950

STIFEL NICOLAUS & CO INC1 year

Filed as: STIFEL NICOLAUS

Service code 22 · EIN 43-0538770

Insurance Broker

$5,389

MORGAN STANLEY SMITH BARNEY6+ years

Service code 33 · EIN 20-8764829

Other services; Securities brokerage;...

$4,510

JOHN HANCOCK LIFE INSURANCE COMPANY6+ years

Service code 15 · EIN 01-0233346

Recordkeeping

$1,020

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB

Service code 28 · EIN 94-1737782

Investment Management

BARNES, DENNIG & CO., LTD. PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARNES, DENNIG & CO., LTD. PROFIT SHARING PLAN

Top hat statement on fileNQDC

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