Retirement plan

B & P FINANCIAL SERVICES, INC. DBA M3 INVESTMENT SERVICES RETIREMENT PLAN

Name: B & P FINANCIAL SERVICES, INC. DBA M3 INVESTMENT SERVICES - B & P FINANCIAL SERVICES, INC. DBA M3 INVESTMENT SERVICES RETIREMENT PLAN (2020) Form 5500
Creator: B & P FINANCIAL SERVICES, INC. DBA M3 INVESTMENT SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, B & P FINANCIAL SERVICES, INC. DBA M3 INVESTMENT SERVICES RETIREMENT PLAN, B & P FINANCIAL SERVICES, INC. DBA M3 INVESTMENT SERVICES

B & P FINANCIAL SERVICES, INC. DBA M3 INVESTMENT SERVICESEIN 38-3272048Plan #001PY 2020

990 N. MAIN STREET - ROYAL OAK, MI 48067248-543-3400

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$964K

+43.2% from 2019

Total participants

+30.0% from 2019

Average account balance

$74,150

+10.2% from 2019

Annual return

25.87%

+18.39 pp from 2019

Benchmarks

See 32,151 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort32,151 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.49M

Not enough data

1 years with asset history on file

Average account balance

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

$149K

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.

111.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$174K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+23.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$33513

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 codes2E2J2F2G3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$236 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.269%

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

$74,150

$197,625-62.5%

$177,840-58.3%

$158,966-53.4%

Participation rate

100.0%

88.5%+11.5pp

87.7%+12.3pp

82.0%+18.0pp

Annual return

25.87%

58.76%-32.9pp

48.32%-22.5pp

302.95%-277.1pp

Employer contribution / active EE

$1,010

$6,698-84.9%

$5,919-82.9%

$4,762-78.8%

Participant deferral / active EE

$9,616

$8,405+14.4%

$7,714+24.7%

$5,983+60.7%

Admin fee / account holder

$199

$15,405-98.7%

$12,431-98.4%

$11,250-98.2%

B & P FINANCIAL SERVICES, INC. DBA M3 INVESTMENT SERVICES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

B & P FINANCIAL SERVICES, INC. DBA M3 INVESTMENT SERVICES RETIREMENT 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