Retirement plan

BUIST ELECTRIC INC EMPLOYEE STOCK OWNERSHIP PLAN

Name: BUIST ELECTRIC INC - BUIST ELECTRIC INC EMPLOYEE STOCK OWNERSHIP PLAN (2017) Form 5500
Creator: BUIST ELECTRIC INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUIST ELECTRIC INC EMPLOYEE STOCK OWNERSHIP PLAN, BUIST ELECTRIC INC

BUIST ELECTRIC INCEIN 38-2177580Plan #002PY 2017

2 - 84TH STREET SW - BYRON CENTER, MI 49315616-583-5200LinkedIn1-10 employeeselectrical/electronic manufacturing

Other plans on this EIN

1 filing

#001Retirement-$30.1M assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed January 8, 2021

Plan administrator

Plan administrator name— Sign in and upgrade to view

2 84th Street SW

Byron Center, MI 49315

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Plans declared (1)

Buist Electric, Inc. Stock Appreciation Rights Plan3 emp

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Total assets (EOY)

$25M

+11.0% from 2016

Total participants

316

+6.0% from 2016

Average account balance

$80,196

+4.2% from 2016

Annual return

10.98%

+2.78 pp from 2016

Benchmarks

See 1,124 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,124 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$59.98M

Not enough data

1 years with asset history on file

Average account balance

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

$132K

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.

455

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.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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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 codes2A2O2Q3I3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$55

$0 / participant

Other / not subdivided$55100.0%

% of EOY assets

0.000%

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: MONROE SWEERIS AND TROMP PLC
Auditor EIN: 382621598
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,196

$60,545+32.5%

$92,240-13.1%

$69,631+15.2%

Participation rate

98.7%

72.2%+26.5pp

76.5%+22.2pp

70.7%+28.0pp

Annual return

10.98%

19.71%-8.7pp

176.29%-165.3pp

27571.02%-27560.0pp

Employer contribution / active EE

$1,407

$2,633-46.6%

$3,680-61.8%

$2,032-30.7%

Participant deferral / active EE

$2,828-100.0%

$3,897-100.0%

$3,224-100.0%

Admin fee / account holder

$145-99.9%

$5,194-100.0%

$110-99.8%

BUIST ELECTRIC INC EMPLOYEE STOCK OWNERSHIP 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

BUIST ELECTRIC INC EMPLOYEE STOCK OWNERSHIP 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