Retirement plan

BILCARE RESEARCH, INC. RETIREMENT SAVINGS PLAN

Name: BILCARE RESEARCH, INC. - BILCARE RESEARCH, INC. RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: BILCARE RESEARCH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BILCARE RESEARCH, INC. RETIREMENT SAVINGS PLAN, BILCARE RESEARCH, INC.

BILCARE RESEARCH, INC.EIN 38-3655283Plan #001PY 2017

1389 SCHOOL HOUSE RD - DELAWARE CITY, DE 197060537302-838-3203

Prospect flagsLow fidelity bondFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$6.2M

+26.7% from 2016

Total participants

136

+6.3% from 2016

Average account balance

$45,728

+19.2% from 2016

Annual return

18.77%

+11.20 pp from 2016

Benchmarks

See 14,968 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,968 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.86M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

115.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$599K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+20.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16381

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

Top 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Filed as: TRANSAMERICA RETIREMENT SOLUTIONS C Service code 15 · EIN 31-1281022 1150 SOUTH OLIVE STREET · LOS ANGELES, CA 90015	Recordkeeping	$28,950
SECURITIES AMERICA INC2+ years Filed as: SECURITIES SERVICE NETWORK INC. Service code 22	Insurance Broker	$11,956
ATLANTIC PENSION SERVICES, INC.3+ years Service code 15 · EIN 23-2942715 511 SCHOOLHOUSE ROAD, SUITE 400 · KENNETT SQUARE, PA 19348	Recordkeeping	$4,116
MESIROW FINANCIAL INVESTMENT MANAGE3+ years Filed as: MESIROW FINANCIAL, INC Service code 27 · EIN 36-3194849	Advisory (Plan)	$1,054
SECURITIES AMERICA INC3+ years Filed as: SECURITIES SERVICE NETWORK, INC. Service code 22 · EIN 62-1664787 9729 COGDILL ROAD · KNOXVILLE, TN 37932	Insurance Broker	$0

Plan features & details

Pension benefit codes2A2G2J2K3D3H

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).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$34K

$348 / participant

Contract admin$34K100.0%

% of EOY assets

0.549%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MORGENSTERN, WAXMAN, ELLERSHAW LLC
Auditor EIN: 814670608
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,728

$67,602-32.4%

$82,312-44.4%

$70,126-34.8%

Participation rate

100.0%

72.8%+27.2pp

76.9%+23.1pp

69.5%+30.5pp

Annual return

18.77%

21.57%-2.8pp

25.88%-7.1pp

73.15%-54.4pp

Employer contribution / active EE

$4,021

$1,755+129.1%

$2,428+65.6%

$2,343+71.6%

Participant deferral / active EE

$3,237

$2,987+8.4%

$3,706-12.7%

$3,332-2.8%

Admin fee / account holder

$251

$4,512-94.4%

$5,608-95.5%

$4,645-94.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS C

Service code 15 · EIN 31-1281022

1150 SOUTH OLIVE STREET · LOS ANGELES, CA 90015

Recordkeeping

$28,950

SECURITIES AMERICA INC2+ years

Filed as: SECURITIES SERVICE NETWORK INC.

Service code 22

Insurance Broker

$11,956

ATLANTIC PENSION SERVICES, INC.3+ years

Service code 15 · EIN 23-2942715

511 SCHOOLHOUSE ROAD, SUITE 400 · KENNETT SQUARE, PA 19348

Recordkeeping

$4,116

MESIROW FINANCIAL INVESTMENT MANAGE3+ years

Filed as: MESIROW FINANCIAL, INC

Service code 27 · EIN 36-3194849

Advisory (Plan)

$1,054

SECURITIES AMERICA INC3+ years

Filed as: SECURITIES SERVICE NETWORK, INC.

Service code 22 · EIN 62-1664787

9729 COGDILL ROAD · KNOXVILLE, TN 37932

Insurance Broker

BILCARE RESEARCH, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BILCARE RESEARCH, INC. RETIREMENT SAVINGS 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