Retirement plan

D.J. BITZAN JEWELERS, INC. 401(K) PROFIT SHARING PLAN

Name: D.J. BITZAN JEWELERS, INC. - D.J. BITZAN JEWELERS, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: D.J. BITZAN JEWELERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, D.J. BITZAN JEWELERS, INC. 401(K) PROFIT SHARING PLAN, D.J. BITZAN JEWELERS, INC.

D.J. BITZAN JEWELERS, INC.EIN 41-1355394Plan #001PY 2018

203 WAITE AVENUE NORTH - WAITE PARK, MN 56387320-251-4812djbitzan.comLinkedIn11-50 employeesluxury goods & jewelry

Prospect flagsHigh retiree %High fees

How to read this page

Total assets (EOY)

$2.5M

-11.0% from 2017

Total participants

+4.8% from 2017

Average account balance

$124,902

-11.0% from 2017

Annual return

-8.44%

-29.63 pp from 2017

Benchmarks

See 18,624 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort18,624 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.66M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

188.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$184K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+18.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$528

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 codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$213K

$16400 / participant

Other / not subdivided$213K100.0%

% of EOY assets

8.535%

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

$124,902

$95,975+30.1%

$74,549+67.5%

$135,379-7.7%

Participation rate

84.6%

75.7%+9.0pp

69.1%+15.5pp

82.6%+2.0pp

Annual return

-8.44%

56.96%-65.4pp

32.53%-41.0pp

519.79%-528.2pp

Employer contribution / active EE

$5,127

$2,716+88.8%

$1,961+161.4%

$4,779+7.3%

Participant deferral / active EE

$5,749

$3,844+49.6%

$3,108+85.0%

$5,609+2.5%

Admin fee / account holder

$10,660

$6,522+63.5%

$5,059+110.7%

$10,828-1.5%

D.J. BITZAN JEWELERS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

D.J. BITZAN JEWELERS, INC. 401(K) PROFIT SHARING 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