Retirement plan

EMPLOYEE BENEFIT PLAN OF BARAGA TELEPHONE COMPANY

Name: BARAGA TELEPHONE COMPANY - EMPLOYEE BENEFIT PLAN OF BARAGA TELEPHONE COMPANY (2020) Form 5500
Creator: BARAGA TELEPHONE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF BARAGA TELEPHONE COMPANY, BARAGA TELEPHONE COMPANY

BARAGA TELEPHONE COMPANYEIN 38-0325700Plan #003PY 2020

204 STATE AVE - BARAGA, MI 499089662906-353-6644baragatelephone.comLinkedIn11-50 employeestelecommunications

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$10.7M

+14.5% from 2019

Total participants

0.0% from 2019

Average account balance

$280,383

+17.5% from 2019

Annual return

18.19%

-2.22 pp from 2019

Benchmarks

See 3,013 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,013 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.66M

Not enough data

1 years with asset history on file

Average account balance

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

$340K

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.

135.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$593K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+13.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$23567

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

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

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 codes2F2G2T

Plan features

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$773K

$22730 / participant

Other / not subdivided$773K100.0%

% of EOY assets

7.253%

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

$280,383

$70,486+297.8%

$100,528+178.9%

$79,852+251.1%

Participation rate

97.1%

73.6%+23.4pp

79.4%+17.6pp

69.6%+27.4pp

Annual return

18.19%

21.90%-3.7pp

30.90%-12.7pp

31.72%-13.5pp

Employer contribution / active EE

$6,535

$2,165+201.9%

$3,419+91.2%

$2,471+164.5%

Participant deferral / active EE

$6,145

$5,182+18.6%

$6,271-2.0%

$3,740+64.3%

Admin fee / account holder

$20,337

$4,480+354.0%

$8,084+151.6%

$5,306+283.3%

EMPLOYEE BENEFIT PLAN OF BARAGA TELEPHONE COMPANY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF BARAGA TELEPHONE COMPANY

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