Retirement plan

BERGSTROM INC. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN

Name: BERGSTROM INC. - BERGSTROM INC. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN (2017) Form 5500
Creator: BERGSTROM INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERGSTROM INC. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN, BERGSTROM INC.

BERGSTROM INC.EIN 36-2138104Plan #001PY 2017

2390 BLACKHAWK ROAD - ROCKFORD, IL 61109815-874-7821bergstrominc.comLinkedIn1001-5000 employeestransportation/trucking/railroad

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$44.9M

+13.6% from 2016

Total participants

615

+0.3% from 2016

Average account balance

$86,041

+19.7% from 2016

Annual return

14.90%

+5.35 pp from 2016

Benchmarks

See 2,359 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,359 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$63.71M

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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.

540

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.

86.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$127

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 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.3+ years Service code 15 · EIN 27-2037969	Recordkeeping	$34,057
MARQUETTE ASSOCIATES3+ years Filed as: MARQUETTE & ASSOCIATES Service code 27 · EIN 36-3485298	Advisory (Plan)	$20,700
CLIFTONLARSONALLEN LLP3+ years Service code 10 · EIN 41-0746749	Accounting	$4,104

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$62K

$127 / participant

Investment mgmt$25K40.1%
Contract admin$34K55.1%
Other / not subdivided$3K4.7%

% of EOY assets

0.138%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,041

$69,305+24.1%

$82,312+4.5%

$69,631+23.6%

Participation rate

80.9%

80.3%+0.6pp

76.9%+4.0pp

70.7%+10.2pp

Annual return

14.90%

21.47%-6.6pp

25.88%-11.0pp

27571.02%-27556.1pp

Employer contribution / active EE

$1,853

$1,887-1.8%

$2,428-23.7%

$2,032-8.8%

Participant deferral / active EE

$3,453

$3,568-3.2%

$3,706-6.8%

$3,224+7.1%

Admin fee / account holder

$118

$97+21.8%

$5,608-97.9%

$110+7.2%

Provider

Service type

Compensation

NEWPORT GROUP, INC.3+ years

Service code 15 · EIN 27-2037969

Recordkeeping

$34,057

MARQUETTE ASSOCIATES3+ years

Filed as: MARQUETTE & ASSOCIATES

Service code 27 · EIN 36-3485298

Advisory (Plan)

$20,700

CLIFTONLARSONALLEN LLP3+ years

Service code 10 · EIN 41-0746749

Accounting

$4,104

BERGSTROM INC. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERGSTROM INC. PROFIT SHARING AND EMPLOYEE SAVINGS 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