Retirement plan

BACHMAN'S 401(K) RETIREMENT SAVINGS PLAN

Name: BACHMANS INC. - BACHMAN'S 401(K) RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: BACHMANS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BACHMAN'S 401(K) RETIREMENT SAVINGS PLAN, BACHMANS INC.

BACHMANS INC.EIN 41-1708088Plan #004PY 2020

6010 LYNDALE S AVENUE - MINNEAPOLIS, MN 55419612-861-7686bachmans.comLinkedIn501-1000 employeesretail

Other plans on this EIN

1 filing

#005Retirement-$14.3M assets

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$41.9M

+4.3% from 2019

Total participants

654

-5.2% from 2019

Average account balance

$69,280

+8.8% from 2019

Annual return

9.44%

-5.40 pp from 2019

Benchmarks

See 248 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort248 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$36.33M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

603

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.

58.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$74

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 9 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 49 · EIN 04-1590850	Other Services	$23,736
SWBC INVESTMENT ADVISORY SERVICES2 years Filed as: SWBC INVESTMENT ADVISORY SVCS LLC Service code 27 · EIN 75-1553739	Advisory (Plan)	$22,828
SWBC INVESTMENT ADVISORY SERVICES1 year Filed as: SWBC INVESTMENT ADVISORY SERVI Service code 27 · EIN 75-1553739	Advisory (Plan)	$5,240
BAIRD FUNDS4 years Service code 52 · EIN 39-6037917	Indirect Investment Fees	$0
COLUMBIA4 years Service code 52 · EIN 94-1687665	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-6056833	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY4 years Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT4 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.1 year Filed as: VANGUARD Service code 52 · EIN 23-2311358	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2S2T

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.
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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$29K

$57 / participant

Investment mgmt$21K72.8%
Contract admin$8K27.2%

% of EOY assets

0.069%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BOULAY
Auditor EIN: 410887288
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,280

$51,447+34.7%

$104,607-33.8%

$73,409-5.6%

Participation rate

90.4%

68.2%+22.2pp

74.1%+16.3pp

72.2%+18.3pp

Annual return

9.44%

25.06%-15.6pp

340.46%-331.0pp

59.29%-49.9pp

Employer contribution / active EE

$413

$1,441-71.3%

$2,681-84.6%

$2,234-81.5%

Participant deferral / active EE

$1,930

$3,058-36.9%

$3,740-48.4%

$3,805-49.3%

Admin fee / account holder

$48

$122-60.7%

$6,473-99.3%

$158-69.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 49 · EIN 04-1590850

Other Services

$23,736

SWBC INVESTMENT ADVISORY SERVICES2 years

Filed as: SWBC INVESTMENT ADVISORY SVCS LLC

Service code 27 · EIN 75-1553739

Advisory (Plan)

$22,828

SWBC INVESTMENT ADVISORY SERVICES1 year

Filed as: SWBC INVESTMENT ADVISORY SERVI

Service code 27 · EIN 75-1553739

Advisory (Plan)

$5,240

BAIRD FUNDS4 years

Service code 52 · EIN 39-6037917

Indirect Investment Fees

COLUMBIA4 years

Service code 52 · EIN 94-1687665

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-6056833

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY4 years

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT4 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

THE VANGUARD GROUP, INC.1 year

Filed as: VANGUARD

Service code 52 · EIN 23-2311358

Indirect Investment Fees

BACHMAN'S 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BACHMAN'S 401(K) 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