Retirement plan

BEKUM AMERICA CORPORATION SAVINGS & PROTECTION PLAN

Name: BEKUM AMERICA CORPORATION - BEKUM AMERICA CORPORATION SAVINGS & PROTECTION PLAN (2023) Form 5500
Creator: BEKUM AMERICA CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BEKUM AMERICA CORPORATION SAVINGS & PROTECTION PLAN, BEKUM AMERICA CORPORATION

BEKUM AMERICA CORPORATIONEIN 38-2264142Plan #001PY 2023

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$17.6M

+5.6% from 2022

Total participants

106

-12.4% from 2022

Average account balance

$181,280

+20.9% from 2022

Annual return

19.71%

+33.91 pp from 2022

Benchmarks

See 14,456 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,456 peers

Snapshot2023

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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$2K

$22 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.011%

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: MANER COSTERISAN
Auditor EIN: 382157642
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$181,280

$80,992+123.8%

$96,534+87.8%

$75,173+141.1%

Participation rate

89.5%

71.8%+17.7pp

76.0%+13.6pp

67.2%+22.3pp

Annual return

19.71%

27.05%-7.3pp

25.88%-6.2pp

160.72%-141.0pp

Employer contribution / active EE

$980

$2,283-57.0%

$2,965-66.9%

$2,671-63.3%

Participant deferral / active EE

$6,103

$3,929+55.3%

$4,851+25.8%

$4,126+47.9%

Admin fee / account holder

$19

$6,717-99.7%

$8,253-99.8%

$5,651-99.7%

BEKUM AMERICA CORPORATION SAVINGS & PROTECTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BEKUM AMERICA CORPORATION 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