Retirement plan

BERNMAN MOLD & ENGINEERING, INC. 401K PROFIT SHARING PLAN

Name: BERNMAN MOLD & ENGINEERING, INC. - BERNMAN MOLD & ENGINEERING, INC. 401K PROFIT SHARING PLAN (2019) Form 5500
Creator: BERNMAN MOLD & ENGINEERING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERNMAN MOLD & ENGINEERING, INC. 401K PROFIT SHARING PLAN, BERNMAN MOLD & ENGINEERING, INC.

BERNMAN MOLD & ENGINEERING, INC.EIN 33-0813325Plan #001PY 2019

1219 S. BON VIEW AVENUE - ONTARIO, CA 91761909-930-3844

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$23K

No prior year

Total participants

No prior year

Average account balance

$1,658

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 8,238 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,238 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$485K

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

110.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$98K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+17.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3503

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 codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

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

$1,658

$116,203-98.6%

$93,621-98.2%

$152,897-98.9%

Participation rate

86.7%

78.1%+8.6pp

75.8%+10.8pp

82.5%+4.2pp

Annual return

0.00%

35.96%-36.0pp

32.76%-32.8pp

345.43%-345.4pp

Employer contribution / active EE

$551

$3,219-82.9%

$2,719-79.7%

$4,764-88.4%

Participant deferral / active EE

$939

$4,605-79.6%

$4,070-76.9%

$5,851-83.9%

Admin fee / account holder

$10,751-100.0%

$7,890-100.0%

$11,599-100.0%

BERNMAN MOLD & ENGINEERING, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

BERNMAN MOLD & ENGINEERING, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion