Retirement plan

BTAS, INC. 401(K) PROFIT SHARING PLAN

Name: BTAS, INC. - BTAS, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: BTAS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BTAS, INC. 401(K) PROFIT SHARING PLAN, BTAS, INC.

BTAS, INC.EIN 31-1431073Plan #002PY 2023

4391 DAYTON-XENIA ROAD - BEAVERCREEK, OH 45432937-431-9431

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$12.5M

+3.7% from 2022

Total participants

208

-10.3% from 2022

Average account balance

$68,520

+8.8% from 2022

Annual return

14.90%

+31.22 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.03M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

158

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.

61.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$799K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+10.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18

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 4 by compensation

Provider	Service type	Compensation
PARK AVENUE SECURITIES LLC2 years Filed as: PARK AVENUE SECURITIES Service code 55	Other Commissions	$24,380
DUVALL & ASSOCIATES9+ years Service code 10 · EIN 31-1182600 400 SUGAR CAMP CIRCLE · DAYTON, OH 45409	Accounting	$7,744
PARK AVENUE SECURITIES LLC9+ years Filed as: PARK AVENUE SECURITIES, LLC Service code 55 · EIN 13-4023176 7 HANOVER SQUARE H4D · NEW YORK, NY 10004	Other Commissions	$0
FIDELITY INVESTMENTS INSTITUTIONAL5 years Filed as: FIDELITY INVESTMENTS INST. OPERATIO Service code 37 · EIN 04-2647786	Loan Processing	-$5,945

Plan features & details

Pension benefit codes2E2J2K2F2G3D2T

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.
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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2K

$25 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.014%

all-in expense ratio

Categories reported

0 / 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: DUVALL & ASSOCIATES, INC.
Auditor EIN: 311182600
Audit fees: $7,744
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,520

$93,598-26.8%

$135,974-49.6%

$75,173-8.9%

Participation rate

64.8%

75.2%-10.4pp

81.9%-17.1pp

67.2%-2.4pp

Annual return

14.90%

30.89%-16.0pp

68.30%-53.4pp

160.72%-145.8pp

Employer contribution / active EE

$2,520

$3,538-28.8%

$4,859-48.1%

$2,671-5.7%

Participant deferral / active EE

$9,931

$6,405+55.0%

$7,760+28.0%

$4,126+140.7%

Admin fee / account holder

$10

$6,978-99.9%

$10,767-99.9%

$5,651-99.8%

Provider

Service type

Compensation

PARK AVENUE SECURITIES LLC2 years

Filed as: PARK AVENUE SECURITIES

Service code 55

Other Commissions

$24,380

DUVALL & ASSOCIATES9+ years

Service code 10 · EIN 31-1182600

400 SUGAR CAMP CIRCLE · DAYTON, OH 45409

Accounting

$7,744

PARK AVENUE SECURITIES LLC9+ years

Filed as: PARK AVENUE SECURITIES, LLC

Service code 55 · EIN 13-4023176

7 HANOVER SQUARE H4D · NEW YORK, NY 10004

Other Commissions

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Filed as: FIDELITY INVESTMENTS INST. OPERATIO

Service code 37 · EIN 04-2647786

Loan Processing

-$5,945

BTAS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BTAS, INC. 401(K) PROFIT SHARING 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