Retirement plan

BELTMAN GROUP INCORPORATED 401(K) SAVINGS AND RETIREMENT PLAN AND TRUST AGREEMENT

Name: BELTMANN GROUP INCORPORATED - BELTMAN GROUP INCORPORATED 401(K) SAVINGS AND RETIREMENT PLAN AND TRUST AGREEMENT (2023) Form 5500
Creator: BELTMANN GROUP INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BELTMAN GROUP INCORPORATED 401(K) SAVINGS AND RETIREMENT PLAN AND TRUST AGREEMENT, BELTMANN GROUP INCORPORATED

BELTMANN GROUP INCORPORATEDEIN 41-1287134Plan #003PY 2023

2480 LONG LAKE ROAD - ROSEVILLE, MN 55113651-639-2984LinkedIn1-10 employees

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$23.5M

+17.1% from 2022

Total participants

695

+47.9% from 2022

Average account balance

$40,466

-13.5% from 2022

Annual return

12.43%

+25.07 pp from 2022

Benchmarks

See 103 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort103 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.69M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

581

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.

85.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$163

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 13 · EIN 06-1050034 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Contract Administrator	$46,354
SAGEVIEW ADVISORY GROUP, LLC2 years Service code 27 · EIN 33-0818667	Advisory (Plan)	$28,000

Plan features & details

Pension benefit codes2E2J2G2K2S2R2T

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$74K

$129 / participant

Investment mgmt$28K37.8%
Contract admin$46K62.2%

% of EOY assets

0.315%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BERGANKDV
Auditor EIN: 411431613
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,466

$31,038+30.4%

$65,583-38.3%

$74,473-45.7%

Participation rate

80.1%

66.9%+13.2pp

65.0%+15.2pp

70.7%+9.4pp

Annual return

12.43%

38.60%-26.2pp

47.46%-35.0pp

34.36%-21.9pp

Employer contribution / active EE

$1,188-100.0%

$1,692-100.0%

$2,638-100.0%

Participant deferral / active EE

$3,631

$2,792+30.0%

$2,833+28.2%

$4,530-19.9%

Admin fee / account holder

$127

$299-57.4%

$4,112-96.9%

$347-63.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 13 · EIN 06-1050034

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Contract Administrator

$46,354

SAGEVIEW ADVISORY GROUP, LLC2 years

Service code 27 · EIN 33-0818667

Advisory (Plan)

$28,000

BELTMAN GROUP INCORPORATED 401(K) SAVINGS AND RETIREMENT PLAN AND TRUST AGREEMENT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BELTMAN GROUP INCORPORATED 401(K) SAVINGS AND RETIREMENT PLAN AND TRUST AGREEMENT

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