Retirement plan

BAESLERS, INC. 401K PROFIT SHARING PLAN

Name: BAESLERS, INC. - BAESLERS, INC. 401K PROFIT SHARING PLAN (2022) Form 5500
Creator: BAESLERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAESLERS, INC. 401K PROFIT SHARING PLAN, BAESLERS, INC.

BAESLERS, INC.EIN 35-1443141Plan #002PY 2022

2900 POPLAR ST - TERRE HAUTE, IN 478032661812-232-2498LinkedIn201-500 employeesfood & beverages

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$2.3M

-13.2% from 2021

Total participants

149

-7.5% from 2021

Average account balance

$20,217

-20.9% from 2021

Annual return

-16.21%

-26.99 pp from 2021

Benchmarks

See 2,204 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,204 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.84M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

102

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.

74.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$247K

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

+10.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$149

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY8+ years Service code 15 · EIN 01-0233346	Recordkeeping	$13,189

Plan features & details

Pension benefit codes2E2G2J2F3D

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

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.

Expense breakdown

Schedule H Part II

Admin total

$13K

$107 / participant

Contract admin$13K100.0%

% of EOY assets

0.577%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SACKRIDER & COMPANY, INC.
Auditor EIN: 351327464
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,217

$49,471-59.1%

$79,583-74.6%

$66,949-69.8%

Participation rate

70.7%

61.4%+9.4pp

69.5%+1.2pp

69.8%+0.9pp

Annual return

-16.21%

84.30%-100.5pp

0.16%-16.4pp

1.57%-17.8pp

Employer contribution / active EE

$818

$1,266-35.4%

$2,414-66.1%

$2,545-67.9%

Participant deferral / active EE

$1,233

$3,160-61.0%

$3,986-69.1%

$4,239-70.9%

Admin fee / account holder

$117

$595-80.4%

$6,835-98.3%

$594-80.3%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY8+ years

Service code 15 · EIN 01-0233346

Recordkeeping

$13,189

BAESLERS, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAESLERS, 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