Retirement plan

J-BERD MECHANICAL CONTRACTORS, INC. 401(K) PLAN

Name: J-BERD MECHANICAL CONTRACTORS, INC. - J-BERD MECHANICAL CONTRACTORS, INC. 401(K) PLAN (2015) Form 5500
Creator: J-BERD MECHANICAL CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, J-BERD MECHANICAL CONTRACTORS, INC. 401(K) PLAN, J-BERD MECHANICAL CONTRACTORS, INC.

J-BERD MECHANICAL CONTRACTORS, INC.EIN 41-1716695Plan #001PY 2015

3308 SOUTHWAY DRIVE - ST. CLOUD, MN 56301320-656-0847

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$14.1M

No prior year

Total participants

372

No prior year

Average account balance

$44,534

No prior year

Annual return

0.21%

No prior year

Benchmarks

See 885 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort885 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$87.08M

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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.

736

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+14.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$243

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1+ years Filed as: TRANSAMERICA RETIREMENT SOLUTIONS C Service code 15 · EIN 13-3689044 1150 S OLIVE STREET · LOS ANGELES, CA 900112211	Recordkeeping	$42,041
LPL FINANCIAL1+ years Filed as: LPL FINANCIAL, LLC Service code 27 · EIN 04-3046611	Advisory (Plan)	$18,932
KDV WEALTH MANAGEMENT, LLC1+ years Filed as: KDV WEALTH MANAGEMENT LLC Service code 27 · EIN 20-8172864 3800 AMERICAN BOULEVARD W · BLOOMINTON, MN 55431	Advisory (Plan)	$15,061
GOLDLEAF PARTNERS1+ years Service code 15 · EIN 45-0514557 PO BOX 806 · BRAINERD, MN 56401	Recordkeeping	$5,745
GOLDLEAF PARTNERS1+ years Filed as: GOLDLEAF PARTNERS 45-0514557 Service code 15	Recordkeeping	$1,739
LURIE, LLP1+ years Filed as: CARLSON ADVISORS, LLP Service code 10 · EIN 41-1504933	Accounting	$1,470

Plan features & details

Pension benefit codes3D2E2F2G2J2K2T

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$120K

$365 / participant

Investment mgmt$67K56.1%
Contract admin$53K43.9%

% of EOY assets

0.853%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CARLSON ADVISORS, LLP
Auditor EIN: 411504933
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,534

$50,498-11.8%

$75,784-41.2%

$55,191-19.3%

Participation rate

83.0%

69.4%+13.5pp

75.8%+7.2pp

69.2%+13.8pp

Annual return

0.21%

1.80%-1.6pp

9.68%-9.5pp

10.78%-10.6pp

Employer contribution / active EE

$1,903

$2,291-16.9%

$3,323-42.7%

$1,899+0.2%

Participant deferral / active EE

$3,596

$2,589+38.9%

$3,652-1.5%

$3,046+18.0%

Admin fee / account holder

$380

$123+208.6%

$5,300-92.8%

$91+318.3%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1+ years

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS C

Service code 15 · EIN 13-3689044

1150 S OLIVE STREET · LOS ANGELES, CA 900112211

Recordkeeping

$42,041

LPL FINANCIAL1+ years

Filed as: LPL FINANCIAL, LLC

Service code 27 · EIN 04-3046611

Advisory (Plan)

$18,932

KDV WEALTH MANAGEMENT, LLC1+ years

Filed as: KDV WEALTH MANAGEMENT LLC

Service code 27 · EIN 20-8172864

3800 AMERICAN BOULEVARD W · BLOOMINTON, MN 55431

Advisory (Plan)

$15,061

GOLDLEAF PARTNERS1+ years

Service code 15 · EIN 45-0514557

PO BOX 806 · BRAINERD, MN 56401

Recordkeeping

$5,745

GOLDLEAF PARTNERS1+ years

Filed as: GOLDLEAF PARTNERS 45-0514557

Service code 15

Recordkeeping

$1,739

LURIE, LLP1+ years

Filed as: CARLSON ADVISORS, LLP

Service code 10 · EIN 41-1504933

Accounting

$1,470

J-BERD MECHANICAL CONTRACTORS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

J-BERD MECHANICAL CONTRACTORS, INC. 401(K) 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