Retirement plan

BECKER ORTHOPEDIC APPLIANCE COMPANY EMPLOYEES' SAVINGS AND PROFIT SHARING PLAN AND TRUST

Name: BECKER ORTHOPEDIC APPLIANCE COMPANY - BECKER ORTHOPEDIC APPLIANCE COMPANY EMPLOYEES' SAVINGS AND PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: BECKER ORTHOPEDIC APPLIANCE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BECKER ORTHOPEDIC APPLIANCE COMPANY EMPLOYEES' SAVINGS AND PROFIT SHARING PLAN AND TRUST, BECKER ORTHOPEDIC APPLIANCE COMPANY

BECKER ORTHOPEDIC APPLIANCE COMPANYEIN 38-1258429Plan #002PY 2024

635 EXECUTIVE DRIVE - TROY, MI 480834576248-588-7480LinkedIn1-10 employeesreal estate

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9.1M

+4.3% from 2023

Total participants

-32.3% from 2023

Average account balance

$105,697

+23.7% from 2023

Annual return

17.88%

-0.48 pp from 2023

Benchmarks

See 8,999 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort8,999 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.09M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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

$211K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+17.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$156

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

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 codes2E2F2G2J

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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$13K

$228 / participant

Other / not subdivided$13K100.0%

% of EOY assets

0.148%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CENKO, VENDITTELLI, HAYNES & TOKARZ
Auditor EIN: 810584482
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$105,697

$101,778+3.9%

$164,975-35.9%

$80,925+30.6%

Participation rate

100.0%

71.8%+28.2pp

78.6%+21.4pp

67.7%+32.3pp

Annual return

17.88%

16.73%+1.2pp

70.12%-52.2pp

35.65%-17.8pp

Employer contribution / active EE

$2,954-100.0%

$4,343-100.0%

$2,756-100.0%

Participant deferral / active EE

$3,574

$4,477-20.2%

$6,033-40.8%

$4,299-16.9%

Admin fee / account holder

$156

$8,221-98.1%

$12,688-98.8%

$6,940-97.7%

BECKER ORTHOPEDIC APPLIANCE COMPANY EMPLOYEES' SAVINGS AND PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BECKER ORTHOPEDIC APPLIANCE COMPANY EMPLOYEES' SAVINGS AND PROFIT SHARING PLAN AND TRUST

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