Retirement plan

BISCO INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN

Name: BISCO INDUSTRIES, INC. - BISCO INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN (2016) Form 5500
Creator: BISCO INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BISCO INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN, BISCO INDUSTRIES, INC.

BISCO INDUSTRIES, INC.EIN 36-2807386Plan #001PY 2016

1500 N. LAKEVIEW AVE. - ANAHEIM, CA 928071819714-693-2901biscoind.comLinkedIn501-1000 employeeselectrical/electronic manufacturing

Prospect flagsLow participationLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$7.3M

No prior year

Total participants

498

No prior year

Average account balance

$21,876

No prior year

Annual return

7.65%

No prior year

Benchmarks

See 1,219 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,219 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.28M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

792

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.

82.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.24M

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

+20.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12

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 2 by compensation

Provider	Service type	Compensation
WINDES, INC.1+ years Service code 13 · EIN 95-3001179 111 W. OCEAN BLVD. · LONG BEACH, CA 90802	Contract Administrator	$13,812
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 14201	Recordkeeping	$1,642

Plan features & details

Pension benefit codes2A2E2H2J2K2R3D

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.
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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$16K

$47 / participant

Contract admin$15K94.5%
Other / not subdivided$9015.5%

% of EOY assets

0.223%

all-in expense ratio

Categories reported

1 / 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: COTE & COMPANY, APC
Auditor EIN: 943216001
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,876

$107,378-79.6%

$108,582-79.9%

$57,658-62.1%

Participation rate

53.2%

77.1%-23.9pp

79.6%-26.4pp

70.2%-17.1pp

Annual return

7.65%

12.80%-5.2pp

-51.70%+59.3pp

5.13%+2.5pp

Employer contribution / active EE

$611

$1,782-65.7%

$3,758-83.7%

$1,974-69.1%

Participant deferral / active EE

$1,921

$3,221-40.3%

$4,311-55.4%

$3,061-37.2%

Admin fee / account holder

$49

$108-55.0%

$7,645-99.4%

$95-48.3%

Provider

Service type

Compensation

WINDES, INC.1+ years

Service code 13 · EIN 95-3001179

111 W. OCEAN BLVD. · LONG BEACH, CA 90802

Contract Administrator

$13,812

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

P.O. BOX 600 · BUFFALO, NY 14201

Recordkeeping

$1,642

BISCO INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BISCO INDUSTRIES, INC. PROFIT SHARING AND 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