Retirement plan

BAE INDUSTRIES 401K PLAN

Name: BAE INDUSTRIES, INC. - BAE INDUSTRIES 401K PLAN (2024) Form 5500
Creator: BAE INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAE INDUSTRIES 401K PLAN, BAE INDUSTRIES, INC.

BAE INDUSTRIES, INC.EIN 38-1944452Plan #001PY 2024

26020 SHERWOOD AVE - WARREN, MI 480911252586-754-3000baeind.comLinkedIn201-500 employeesautomotive

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$17.8M

+5.0% from 2023

Total participants

354

-28.8% from 2023

Average account balance

$50,997

+47.9% from 2023

Annual return

11.82%

-4.83 pp from 2023

Benchmarks

See 2,380 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,380 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.85M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

350

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.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$315

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
CAPFINANCIAL PARTNERS LLC5 years Service code 27 · EIN 26-0058143	Advisory (Plan)	$40,478
WATKINS ROSS6 years Service code 49 · EIN 38-1477362	Other Services	$2,200

Plan features & details

Pension benefit codes2E2J2K2S3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$110K

$380 / participant

Other / not subdivided$110K100.0%

% of EOY assets

0.618%

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: WIPFLI, LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,997

$89,093-42.8%

$102,434-50.2%

$77,736-34.4%

Participation rate

98.6%

80.9%+17.7pp

76.5%+22.1pp

70.6%+28.0pp

Annual return

11.82%

25.03%-13.2pp

29.46%-17.6pp

31.26%-19.4pp

Employer contribution / active EE

$1,001

$2,699-62.9%

$3,023-66.9%

$2,728-63.3%

Participant deferral / active EE

$3,751

$5,147-27.1%

$5,055-25.8%

$4,651-19.3%

Admin fee / account holder

$315

$236+33.6%

$9,462-96.7%

$433-27.3%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC5 years

Service code 27 · EIN 26-0058143

Advisory (Plan)

$40,478

WATKINS ROSS6 years

Service code 49 · EIN 38-1477362

Other Services

$2,200

BAE INDUSTRIES 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAE INDUSTRIES 401K 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