Retirement plan

CAP GROUP 401K

Name: BEDFORD MACHINE & TOOL INC. - CAP GROUP 401K (2020) Form 5500
Creator: BEDFORD MACHINE & TOOL INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAP GROUP 401K, BEDFORD MACHINE & TOOL INC.

BEDFORD MACHINE & TOOL INC.EIN 35-1723488Plan #001PY 2020

2103 JOHN WILLIAMS BOULEVARD - BEDFORD, IN 47421812-275-1948LinkedIn11-50 employeesautomotive

Prospect flagsLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$6.5M

+17.1% from 2019

Total participants

317

-0.6% from 2019

Average account balance

$26,783

+18.5% from 2019

Annual return

13.15%

-4.68 pp from 2019

Benchmarks

See 2,346 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,346 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.51M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

293

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.

91.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$150

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 10 of 11 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$24,483
GLOBAL RETIREMENT PARTNERS LLC4 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$13,107
COMPENSATION SYSTEMS, INC.4 years Service code 13 · EIN 35-1277460	Contract Administrator	$9,331
COMPENSATION SYSTEMS, INC.1 year Filed as: COMPENSATION SYSTEMS INC Service code 14 · EIN 35-1277460	Plan Administrator	$2,087
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
LEGG MASON1 year Service code 52 · EIN 13-4146187	Indirect Investment Fees	$0
LORD ABBETT4 years Service code 52 · EIN 13-3731507	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT4 years Service code 52	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT1 year Filed as: MFS INVESTMENT MGT Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
T ROWE PRICE RPS INC4 years Filed as: T. ROWE PRICE Service code 52 · EIN 52-1151266	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3B3D3H

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

5 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$40K

$139 / participant

Investment mgmt$13K33.0%
Contract admin$24K61.7%
Other / not subdivided$2K5.3%

% of EOY assets

0.607%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BLUE & CO., LLC
Auditor EIN: 351178661
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,783

$79,519-66.3%

$95,964-72.1%

$73,412-63.5%

Participation rate

74.5%

81.2%-6.7pp

77.1%-2.6pp

72.2%+2.3pp

Annual return

13.15%

19.20%-6.0pp

91.64%-78.5pp

59.30%-46.1pp

Employer contribution / active EE

$319

$2,048-84.4%

$2,541-87.4%

$2,234-85.7%

Participant deferral / active EE

$1,787

$4,138-56.8%

$4,167-57.1%

$3,806-53.0%

Admin fee / account holder

$163

$184-11.8%

$6,797-97.6%

$158+3.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$24,483

GLOBAL RETIREMENT PARTNERS LLC4 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$13,107

COMPENSATION SYSTEMS, INC.4 years

Service code 13 · EIN 35-1277460

Contract Administrator

$9,331

COMPENSATION SYSTEMS, INC.1 year

Filed as: COMPENSATION SYSTEMS INC

Service code 14 · EIN 35-1277460

Plan Administrator

$2,087

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

LEGG MASON1 year

Service code 52 · EIN 13-4146187

Indirect Investment Fees

LORD ABBETT4 years

Service code 52 · EIN 13-3731507

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT4 years

Service code 52

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT1 year

Filed as: MFS INVESTMENT MGT

Service code 52 · EIN 04-3158862

Indirect Investment Fees

T ROWE PRICE RPS INC4 years

Filed as: T. ROWE PRICE

Service code 52 · EIN 52-1151266

Indirect Investment Fees

CAP GROUP 401K

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAP GROUP 401K

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