Retirement plan

BUSCHUR ELECTRIC, INC. 401(K) PLAN AND TRUST

Name: BUSCHUR ELECTRIC, INC. - BUSCHUR ELECTRIC, INC. 401(K) PLAN AND TRUST (2020) Form 5500
Creator: BUSCHUR ELECTRIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUSCHUR ELECTRIC, INC. 401(K) PLAN AND TRUST, BUSCHUR ELECTRIC, INC.

BUSCHUR ELECTRIC, INC.EIN 34-1311779Plan #001PY 2020

305 WEST FIRST STREET - MINSTER, OH 458651210419-628-3407buschurelectric.comLinkedIn11-50 employeesconstruction

Prospect flagsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$3.1M

+2.0% from 2019

Total participants

+14.3% from 2019

Average account balance

$183,464

+2.0% from 2019

Annual return

13.44%

-6.89 pp from 2019

Benchmarks

See 21,449 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,449 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.13M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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

$49K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1226

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 codes2E2H2J3D3F

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$408K

$20421 / participant

Other / not subdivided$408K100.0%

% of EOY assets

13.095%

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

$183,464

$112,121+63.6%

$95,960+91.2%

$158,966+15.4%

Participation rate

65.0%

79.0%-14.0pp

77.1%-12.1pp

82.0%-17.0pp

Annual return

13.44%

171.16%-157.7pp

91.63%-78.2pp

302.95%-289.5pp

Employer contribution / active EE

$1,706

$3,199-46.7%

$2,541-32.9%

$4,762-64.2%

Participant deferral / active EE

$1,082

$4,784-77.4%

$4,167-74.0%

$5,983-81.9%

Admin fee / account holder

$24,024

$10,135+137.0%

$6,797+253.5%

$11,250+113.6%

BUSCHUR ELECTRIC, INC. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BUSCHUR ELECTRIC, INC. 401(K) PLAN AND TRUST

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