Retirement plan

EMPLOYEES' PROFIT SHARING AND SALARY REDUCTION PLAN OF THE BLAKLEY CORPORATION

Name: THE BLAKLEY CORPORATION - EMPLOYEES' PROFIT SHARING AND SALARY REDUCTION PLAN OF THE BLAKLEY CORPORATION (2021) Form 5500
Creator: THE BLAKLEY CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEES' PROFIT SHARING AND SALARY REDUCTION PLAN OF THE BLAKLEY CORPORATION, THE BLAKLEY CORPORATION

THE BLAKLEY CORPORATIONEIN 35-0182105Plan #002PY 2021

8060 EAST 88TH STREET - INDIANAPOLIS, IN 462561263317-842-9600LinkedIn201-500 employeesbuilding materials

Prospect flagsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$8.9M

+7.9% from 2020

Total participants

131

-3.7% from 2020

Average account balance

$110,333

+13.3% from 2020

Annual return

12.38%

+0.72 pp from 2020

Benchmarks

See 2,172 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,172 peers

Snapshot2021

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Analytics

Total assets (EOY)

Plan-year ending balance

$9.10M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

145

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.

90.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$808K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$352

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
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$18,444
SHEPHERD FINANCIAL INVESTMENT ADVIS4 years Filed as: SHEPHERD FINANCIAL INVESTMENT Service code 27 · EIN 82-0759826	Advisory (Plan)	$17,047
KATZ, SAPPER & MILLER7+ years Filed as: KATZ SAPPER & MILLER Service code 10 · EIN 35-1090346	Accounting	$12,750
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$5,271

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$54K

$500 / participant

Investment mgmt$5K9.9%
Other / not subdivided$48K90.1%

% of EOY assets

0.599%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: KATZ SAPPER & MILLER LLP
Auditor EIN: 351090346
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,333

$59,263+86.2%

$96,562+14.3%

$79,386+39.0%

Participation rate

53.3%

61.9%-8.6pp

69.8%-16.5pp

70.7%-17.4pp

Annual return

12.38%

27.07%-14.7pp

37.78%-25.4pp

116.85%-104.5pp

Employer contribution / active EE

$1,129

$1,216-7.1%

$2,356-52.1%

$2,427-53.5%

Participant deferral / active EE

$3,822

$2,948+29.7%

$3,849-0.7%

$4,046-5.5%

Admin fee / account holder

$661

$658+0.3%

$6,181-89.3%

$626+5.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$18,444

SHEPHERD FINANCIAL INVESTMENT ADVIS4 years

Filed as: SHEPHERD FINANCIAL INVESTMENT

Service code 27 · EIN 82-0759826

Advisory (Plan)

$17,047

KATZ, SAPPER & MILLER7+ years

Filed as: KATZ SAPPER & MILLER

Service code 10 · EIN 35-1090346

Accounting

$12,750

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$5,271

EMPLOYEES' PROFIT SHARING AND SALARY REDUCTION PLAN OF THE BLAKLEY CORPORATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEES' PROFIT SHARING AND SALARY REDUCTION PLAN OF THE BLAKLEY CORPORATION

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