Retirement plan

BEKUM AMERICA CORPORATION SAVINGS & PROTECTION PLAN

Name: BEKUM AMERICA CORPORATION - BEKUM AMERICA CORPORATION SAVINGS & PROTECTION PLAN (2024) 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 2024

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)

$20.7M

+17.6% from 2023

Total participants

105

-0.9% from 2023

Average account balance

$213,231

+17.6% from 2023

Annual return

17.57%

-2.14 pp from 2023

Benchmarks

See 14,164 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,164 peers

Snapshot2024

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

$698K

$8720 / participant

Other / not subdivided$698K100.0%

% of EOY assets

3.373%

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

$213,231

$86,938+145.3%

$102,423+108.2%

$80,925+163.5%

Participation rate

90.0%

72.4%+17.6pp

76.5%+13.5pp

67.7%+22.3pp

Annual return

17.57%

18.89%-1.3pp

29.42%-11.9pp

35.65%-18.1pp

Employer contribution / active EE

$2,630

$2,369+11.0%

$3,023-13.0%

$2,756-4.6%

Participant deferral / active EE

$5,834

$4,120+41.6%

$5,054+15.4%

$4,299+35.7%

Admin fee / account holder

$7,191

$8,053-10.7%

$9,455-23.9%

$6,940+3.6%

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