Retirement plan

BATTLE CREEK TILE & MOSAIC COMPANY PROFIT SHARING/401(K) PLAN

Name: BATTLE CREEK TILE & MOSAIC COMPANY - BATTLE CREEK TILE & MOSAIC COMPANY PROFIT SHARING/401(K) PLAN (2019) Form 5500
Creator: BATTLE CREEK TILE & MOSAIC COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BATTLE CREEK TILE & MOSAIC COMPANY PROFIT SHARING/401(K) PLAN, BATTLE CREEK TILE & MOSAIC COMPANY

BATTLE CREEK TILE & MOSAIC COMPANYEIN 38-1687321Plan #002PY 2019

1338 WEST MICHIGAN AVENUE - BATTLE CREEK, MI 49037269-962-8779battlecreektile.comLinkedIn1-10 employeesbuilding materials

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.8M

-17.9% from 2018

Total participants

-4.0% from 2018

Average account balance

$121,907

-10.8% from 2018

Annual return

11.07%

+12.65 pp from 2018

Benchmarks

See 40,731 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort40,731 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.54M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

108.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$161K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+7.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17744

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 codes2E2F2G2J3D

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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$51491 / participant

Other / not subdivided$1M100.0%

% of EOY assets

40.401%

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

$121,907

$107,363+13.5%

$92,909+31.2%

$152,897-20.3%

Participation rate

95.5%

79.8%+15.7pp

76.0%+19.4pp

82.5%+13.0pp

Annual return

11.07%

145.63%-134.6pp

109.44%-98.4pp

345.43%-334.4pp

Employer contribution / active EE

$2,195

$4,222-48.0%

$3,653-39.9%

$4,764-53.9%

Participant deferral / active EE

$2,758

$4,848-43.1%

$4,238-34.9%

$5,851-52.9%

Admin fee / account holder

$49,252

$7,082+595.5%

$5,795+749.9%

$11,599+324.6%

BATTLE CREEK TILE & MOSAIC COMPANY PROFIT SHARING/401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BATTLE CREEK TILE & MOSAIC COMPANY PROFIT SHARING/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