Retirement plan

BASLER ELECTRIC HIGHLAND MANUFACTURING 401(K) PLAN

Name: BASLER ELECTRIC COMPANY - BASLER ELECTRIC HIGHLAND MANUFACTURING 401(K) PLAN (2019) Form 5500
Creator: BASLER ELECTRIC COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BASLER ELECTRIC HIGHLAND MANUFACTURING 401(K) PLAN, BASLER ELECTRIC COMPANY

BASLER ELECTRIC COMPANYEIN 37-0628928Plan #004PY 2019

12570 ROUTE 143 - HIGHLAND, IL 62249618-654-2341

Other plans on this EIN

1 filing

#003Retirement-$53.8M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$6M

+13.3% from 2018

Total participants

132

-3.6% from 2018

Average account balance

$46,806

+10.7% from 2018

Annual return

18.99%

+27.51 pp from 2018

Benchmarks

See 4,277 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,277 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.71M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

120

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.

79.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$234K

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

+17.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11

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
BWTP1 year Service code 10 · EIN 43-1698328	Accounting	$9,527
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 37 · EIN 04-2647786	Loan Processing	-$1,976

Plan features & details

Pension benefit codes2F2G2J2T3D2E

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.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$9K

$85 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.151%

all-in expense ratio

Categories reported

0 / 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: BWTP P.C.
Auditor EIN: 431698328
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,806

$65,376-28.4%

$87,104-46.3%

$65,185-28.2%

Participation rate

97.2%

75.3%+21.9pp

76.9%+20.3pp

70.2%+27.0pp

Annual return

18.99%

31.27%-12.3pp

28.19%-9.2pp

29.38%-10.4pp

Employer contribution / active EE

$1,303

$1,822-28.5%

$2,521-48.3%

$2,177-40.1%

Participant deferral / active EE

$1,202

$3,388-64.5%

$4,048-70.3%

$3,514-65.8%

Admin fee / account holder

$71

$520-86.4%

$7,491-99.1%

$847-91.6%

Provider

Service type

Compensation

BWTP1 year

Service code 10 · EIN 43-1698328

Accounting

$9,527

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$1,976

BASLER ELECTRIC HIGHLAND MANUFACTURING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BASLER ELECTRIC HIGHLAND MANUFACTURING 401(K) 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