Retirement plan

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

Name: BERNMAN MOLD & ENGINEERING, INC. - BERNMAN MOLD & ENGINEERING, INC. 401K PROFIT SHARING PLAN (2020) 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 2020

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

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$140K

+501.9% from 2019

Total participants

0.0% from 2019

Average account balance

$9,977

+501.9% from 2019

Annual return

102.85%

+102.85 pp from 2019

Benchmarks

See 8,252 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,252 peers

Snapshot2020

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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$280

$20 / participant

Other / not subdivided$280100.0%

% of EOY assets

0.200%

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

$9,977

$118,708-91.6%

$98,920-89.9%

$158,966-93.7%

Participation rate

85.7%

77.8%+7.9pp

76.0%+9.7pp

82.0%+3.8pp

Annual return

102.85%

372.49%-269.6pp

196.47%-93.6pp

302.95%-200.1pp

Employer contribution / active EE

$2,448

$3,334-26.6%

$2,689-9.0%

$4,762-48.6%

Participant deferral / active EE

$4,166

$5,089-18.1%

$4,245-1.9%

$5,983-30.4%

Admin fee / account holder

$20

$10,134-99.8%

$6,643-99.7%

$11,250-99.8%

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERNMAN MOLD & ENGINEERING, INC. 401K 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