Retirement plan

BACHMAN MACHINE COMPANY 401(K) PROFIT SHARING PLAN

Name: BACHMAN MACHINE COMPANY - BACHMAN MACHINE COMPANY 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: BACHMAN MACHINE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BACHMAN MACHINE COMPANY 401(K) PROFIT SHARING PLAN, BACHMAN MACHINE COMPANY

BACHMAN MACHINE COMPANYEIN 43-0672522Plan #001PY 2024

4321 N BROADWAY - ST. LOUIS, MO 631473308314-231-4221bachmanmachine.comLinkedIn51-200 employeesautomotive

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$13M

+10.5% from 2023

Total participants

-44.0% from 2023

Average account balance

$177,715

+111.9% from 2023

Annual return

11.80%

-4.82 pp from 2023

Benchmarks

See 14,154 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,154 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.97M

Not enough data

1 years with asset history on file

Average account balance

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

$178K

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.

86.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$434K

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

+11.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$566

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 3 by compensation

Provider	Service type	Compensation
CBIZ RETIREMENT PLAN SERVICES3 years Filed as: CBIZ INVESTMENT ADVISORY SERVICES, Service code 99	Other Fees	$18,000
CBIZ RETIREMENT PLAN SERVICES5 years Filed as: CBIZ BENEFITS AND INSURANCE SERVICE Service code 49 4615 SOUTHWEST FWY FL3 · HOUSTON, TX 77027	Other Services	$5,947
CBIZ RETIREMENT PLAN SERVICES5 years Filed as: CBIZ INVESTMENT ADVISORY SERVICES Service code 99 · EIN 81-3968784	Other Fees	$0

Plan features & details

Pension benefit codes2E2F2J2G2T3D

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

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

$41K

$939 / participant

Contract admin$41K98.7%
Other / not subdivided$5251.3%

% of EOY assets

0.318%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WIPFLI
Auditor EIN: 390758449
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$177,715

$86,949+104.4%

$102,460+73.4%

$80,959+119.5%

Participation rate

86.4%

72.4%+14.0pp

76.5%+9.9pp

67.7%+18.7pp

Annual return

11.80%

18.89%-7.1pp

29.47%-17.7pp

35.67%-23.9pp

Employer contribution / active EE

$2,770

$2,370+16.9%

$3,025-8.4%

$2,757+0.5%

Participant deferral / active EE

$7,091

$4,121+72.1%

$5,056+40.2%

$4,300+64.9%

Admin fee / account holder

$566

$8,048-93.0%

$9,460-94.0%

$6,925-91.8%

Provider

Service type

Compensation

CBIZ RETIREMENT PLAN SERVICES3 years

Filed as: CBIZ INVESTMENT ADVISORY SERVICES,

Service code 99

Other Fees

$18,000

CBIZ RETIREMENT PLAN SERVICES5 years

Filed as: CBIZ BENEFITS AND INSURANCE SERVICE

Service code 49

4615 SOUTHWEST FWY FL3 · HOUSTON, TX 77027

Other Services

$5,947

CBIZ RETIREMENT PLAN SERVICES5 years

Filed as: CBIZ INVESTMENT ADVISORY SERVICES

Service code 99 · EIN 81-3968784

Other Fees

BACHMAN MACHINE COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BACHMAN MACHINE COMPANY 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