Retirement plan

BARBECK COMMUNICATIONS 401(K) PLAN

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

BARBECK COMMUNICATIONS GROUP, INC.EIN 37-1376294Plan #001PY 2022

645 S. FRANKLIN STREET - DECATUR, IL 62521217-428-7000LinkedIn1-10 employeesretail

Prospect flagsHigh feesLow fidelity bond

Top hat statement on fileNQDC

Filed December 2, 2021

Plan administrator

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645 S. Franklin Street

Decatur, IL 62521

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Plans declared (1)

Barbeck Communications Group, Inc. Matthew A. Beck Deferred Compensation Plan1 emp

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Total assets (EOY)

$1M

-39.3% from 2021

Total participants

-59.1% from 2021

Average account balance

$112,264

-25.8% from 2021

Annual return

-20.34%

-35.40 pp from 2021

Benchmarks

See 10,382 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort10,382 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$642K

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$54K

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

+13.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8505

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

0 years with F_SCH_H allocation on file

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Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2F2G3D2T

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$404K

$67330 / participant

Other / not subdivided$404K100.0%

% of EOY assets

39.983%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,264

$99,644+12.7%

$86,438+29.9%

$134,532-16.6%

Participation rate

100.0%

82.1%+17.9pp

80.3%+19.7pp

81.2%+18.8pp

Annual return

-20.34%

6787.26%-6807.6pp

4397.19%-4417.5pp

418.27%-438.6pp

Employer contribution / active EE

$4,017

$4,402-8.8%

$3,769+6.6%

$4,741-15.3%

Participant deferral / active EE

$10,795

$7,247+48.9%

$6,952+55.3%

$6,401+68.6%

Admin fee / account holder

$44,887

$8,375+436.0%

$6,733+566.7%

$11,429+292.8%

BARBECK COMMUNICATIONS 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARBECK COMMUNICATIONS 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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