Retirement plan

THE BONNOT COMPANY 401(K) RETIREMENT PLAN

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

THE BONNOT COMPANYEIN 34-0254460Plan #001PY 2024

1301 HOME AVENUE - AKRON, OH 44310330-896-6544thebonnotco.comLinkedIn11-50 employeesmachinery

Other plans on this EIN

1 filing

#003Retirement-$865K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.2M

+37.4% from 2020

Total participants

+40.9% from 2020

Average account balance

$162,396

+16.3% from 2020

Annual return

18.28%

-1.15 pp from 2020

Benchmarks

See 10,657 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,657 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.22M

Not enough data

1 years with asset history on file

Average account balance

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

$162K

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

$182K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+18.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3763

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 codes2E2J2F2G3D

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.
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

$98K

$3763 / participant

Other / not subdivided$98K100.0%

% of EOY assets

2.317%

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

$162,396

$58,275+178.7%

$81,844+98.4%

$80,935+100.6%

Participation rate

80.8%

63.5%+17.3pp

72.4%+8.4pp

67.7%+13.1pp

Annual return

18.28%

41.82%-23.5pp

778.87%-760.6pp

35.66%-17.4pp

Employer contribution / active EE

$1,797

$2,346-23.4%

$2,916-38.4%

$2,757-34.8%

Participant deferral / active EE

$5,194

$3,285+58.1%

$4,323+20.1%

$4,299+20.8%

Admin fee / account holder

$3,763

$4,749-20.8%

$7,355-48.8%

$6,924-45.7%

THE BONNOT COMPANY 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE BONNOT COMPANY 401(K) RETIREMENT 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