Retirement plan

DICK'S PLUMBING & HEATING OF BEMIDJI, INC. PROFIT SHARING 401(K)

Name: DICK'S PLUMBING & HEATING OF BEMIDJI, INC. - DICK'S PLUMBING & HEATING OF BEMIDJI, INC. PROFIT SHARING 401(K) (2020) Form 5500
Creator: DICK'S PLUMBING & HEATING OF BEMIDJI, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DICK'S PLUMBING & HEATING OF BEMIDJI, INC. PROFIT SHARING 401(K), DICK'S PLUMBING & HEATING OF BEMIDJI, INC.

DICK'S PLUMBING & HEATING OF BEMIDJI, INC.EIN 41-1582449Plan #001PY 2020

427 MAG SEVEN COURT, SW - BEMIDJI, MN 56601218-751-4964dicksplumbingandheating.comLinkedIn11-50 employeesrenewables & environment

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$557K

+14.3% from 2019

Total participants

-5.3% from 2019

Average account balance

$32,772

+14.3% from 2019

Annual return

10.42%

+0.96 pp from 2019

Benchmarks

See 42,043 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort42,043 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$323K

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$44K

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

+17.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$789

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 codes2E2F2J2T3D

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).
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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$24K

$2385 / participant

Other / not subdivided$24K100.0%

% of EOY assets

4.281%

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

$32,772

$115,796-71.7%

$101,264-67.6%

$158,950-79.4%

Participation rate

90.0%

79.4%+10.6pp

75.8%+14.2pp

82.0%+8.0pp

Annual return

10.42%

56.15%-45.7pp

46.48%-36.1pp

302.91%-292.5pp

Employer contribution / active EE

$1,541

$4,175-63.1%

$3,660-57.9%

$4,762-67.6%

Participant deferral / active EE

$2,473

$4,958-50.1%

$4,370-43.4%

$5,983-58.7%

Admin fee / account holder

$1,403

$7,247-80.6%

$5,947-76.4%

$11,248-87.5%

DICK'S PLUMBING & HEATING OF BEMIDJI, INC. PROFIT SHARING 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DICK'S PLUMBING & HEATING OF BEMIDJI, INC. PROFIT SHARING 401(K)

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