Retirement plan

BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN

Name: BOMGAARS SUPPLY, INC. - BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN (2017) Form 5500
Creator: BOMGAARS SUPPLY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN, BOMGAARS SUPPLY, INC.

BOMGAARS SUPPLY, INC.EIN 42-0795588Plan #001PY 2017

1805 ZENITH DRIVE - SIOUX CITY, IA 511035208712-277-2000bomgaars.comLinkedIn1001-5000 employeesretail

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$23.5M

+15.7% from 2016

Total participants

1,277

+10.6% from 2016

Average account balance

$23,007

+9.9% from 2016

Annual return

14.65%

+7.62 pp from 2016

Benchmarks

See 101 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort101 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$52.66M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

2,249

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.

74.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$88

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
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850	Recordkeeping	$4,776
MORNINGSTAR2 years Filed as: MORNINGSTAR ASSOCIATES, LLC Service code 49	Other Services	$21

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$5K

$5 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.020%

all-in expense ratio

Categories reported

0 / 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: KING, REINSCH, PROSSER & CO., L.L.P
Auditor EIN: 420941961
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,007

$37,245-38.2%

$94,993-75.8%

$77,958-70.5%

Participation rate

76.1%

56.5%+19.6pp

73.9%+2.2pp

71.6%+4.4pp

Annual return

14.65%

22.72%-8.1pp

27.14%-12.5pp

20.87%-6.2pp

Employer contribution / active EE

$758

$894-15.2%

$2,603-70.9%

$2,310-67.2%

Participant deferral / active EE

$1,183

$1,828-35.3%

$3,317-64.3%

$3,537-66.6%

Admin fee / account holder

$59-92.1%

$4,960-99.9%

$97-95.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASS MUTUAL LIFE INSURANCE

Service code 15 · EIN 04-1590850

Recordkeeping

$4,776

MORNINGSTAR2 years

Filed as: MORNINGSTAR ASSOCIATES, LLC

Service code 49

Other Services

$21

BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOMGAARS SUPPLY, INC. PROFIT SHARING AND 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