Retirement plan

BEKUM AMERICA CORPORATION EMPLOYEES SAVINGS & PROTECTION PLAN

Name: BEKUM AMERICA CORPORATION - BEKUM AMERICA CORPORATION EMPLOYEES SAVINGS & PROTECTION PLAN (2019) Form 5500
Creator: BEKUM AMERICA CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BEKUM AMERICA CORPORATION EMPLOYEES SAVINGS & PROTECTION PLAN, BEKUM AMERICA CORPORATION

BEKUM AMERICA CORPORATIONEIN 38-2264142Plan #001PY 2019

1140 W. GRAND RIVER AVENUE, P.O. BOX 567 - WILLIAMSTON, MI 488950567517-655-4331LinkedIn51-200 employeesmachinery

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$16.7M

+21.4% from 2018

Total participants

111

-3.5% from 2018

Average account balance

$159,320

+24.9% from 2018

Annual return

21.83%

+27.96 pp from 2018

Benchmarks

See 4,276 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,276 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.68M

Not enough data

1 years with asset history on file

Average account balance

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

$213K

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.

121.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$677K

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

+17.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7191

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$920K

$8290 / participant

Other / not subdivided$920K100.0%

% of EOY assets

5.501%

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

$159,320

$65,378+143.7%

$87,103+82.9%

$65,186+144.4%

Participation rate

94.6%

75.3%+19.3pp

76.9%+17.7pp

70.2%+24.4pp

Annual return

21.83%

31.28%-9.4pp

28.19%-6.4pp

29.39%-7.6pp

Employer contribution / active EE

$2,432

$1,823+33.4%

$2,521-3.5%

$2,177+11.7%

Participant deferral / active EE

$5,253

$3,389+55.0%

$4,049+29.7%

$3,514+49.5%

Admin fee / account holder

$8,764

$520+1585.9%

$7,491+17.0%

$847+934.4%

BEKUM AMERICA CORPORATION EMPLOYEES SAVINGS & PROTECTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BEKUM AMERICA CORPORATION EMPLOYEES SAVINGS & PROTECTION 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