Retirement plan

BAY TOWEL, INC. 401(K) PROFIT SHARING PLAN

Name: BAY TOWEL, INC. - BAY TOWEL, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: BAY TOWEL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAY TOWEL, INC. 401(K) PROFIT SHARING PLAN, BAY TOWEL, INC.

BAY TOWEL, INC.EIN 39-1027487Plan #001PY 2024

107 W MAIN ST - LITTLE CHUTE, WI 54140920-497-2000baytowel.comLinkedIn201-500 employeestextiles

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed April 21, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$5.8M

+14.3% from 2023

Total participants

194

-27.9% from 2023

Average account balance

$37,836

+74.0% from 2023

Annual return

13.27%

-4.97 pp from 2023

Benchmarks

See 2,051 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,051 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.79M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

153

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.

72.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$510K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$251

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

1 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.5 years Filed as: THE VANGUARD GROUP Service code 64 · EIN 23-1945930	Recordkeeping Fees	$24,730
NICOLT NATIONAL BANK4 years Service code 26 111 N WASHINGTON ST · GREEN BAY, WI 54301	Advisory (Participants)	$18,771
RETIREMENT STRATEGIES, INC.4 years Filed as: RETIREMENT STRATEGIES LLC Service code 15 · EIN 27-0017183	Recordkeeping	$8,757

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$38K

$254 / participant

Contract admin$38K100.0%

% of EOY assets

0.663%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HAWKINS ASH CPAS, LLP
Auditor EIN: 390912608
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,836

$60,504-37.5%

$81,882-53.8%

$74,478-49.2%

Participation rate

72.8%

62.9%+9.9pp

72.4%+0.5pp

67.2%+5.6pp

Annual return

13.27%

16.91%-3.6pp

779.47%-766.2pp

1370.56%-1357.3pp

Employer contribution / active EE

$353

$2,627-86.6%

$2,916-87.9%

$2,626-86.6%

Participant deferral / active EE

$3,028

$3,400-10.9%

$4,323-30.0%

$4,350-30.4%

Admin fee / account holder

$251

$1,492-83.2%

$7,360-96.6%

$1,946-87.1%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.5 years

Filed as: THE VANGUARD GROUP

Service code 64 · EIN 23-1945930

Recordkeeping Fees

$24,730

NICOLT NATIONAL BANK4 years

Service code 26

111 N WASHINGTON ST · GREEN BAY, WI 54301

Advisory (Participants)

$18,771

RETIREMENT STRATEGIES, INC.4 years

Filed as: RETIREMENT STRATEGIES LLC

Service code 15 · EIN 27-0017183

Recordkeeping

$8,757

BAY TOWEL, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAY TOWEL, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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