Retirement plan

BACHMAN MACHINE COMPANY 401(K) PROFIT SHARING PLAN

Name: BACHMAN MACHINE COMPANY - BACHMAN MACHINE COMPANY 401(K) PROFIT SHARING PLAN (2022) 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 2022

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.5M

-29.7% from 2021

Total participants

151

+7.1% from 2021

Average account balance

$71,703

-33.5% from 2021

Annual return

-13.38%

-28.04 pp from 2021

Benchmarks

See 14,496 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,496 peers

Snapshot2022

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 4 by compensation

Provider	Service type	Compensation
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ INVESTMENT ADVISORY SERVICES, Service code 99	Other Fees	$17,390
CBIZ RETIREMENT PLAN SERVICES3 years Filed as: CBIZ BENEFITS AND INSURANCE SERVICE Service code 49 4615 SOUTHWEST FWY FL3 · HOUSTON, TX 77027	Other Services	$7,652
CBIZ RETIREMENT PLAN SERVICES3 years Filed as: CBIZ INVESTMENT ADVISORY SERVICES Service code 99 · EIN 81-3968784	Other Fees	$0
VOYA RETIREMENT INSURANCE & ANNUITY2 years Service code 15 · EIN 71-0294708	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2J2F2G3D2T

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$34K

$437 / participant

Contract admin$34K100.0%

% of EOY assets

0.319%

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: LOPATA, FLEGEL & COMPANY LLP
Auditor EIN: 431552002
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,703

$71,872-0.2%

$86,691-17.3%

$68,495+4.7%

Participation rate

94.8%

72.2%+22.6pp

76.6%+18.2pp

67.9%+26.9pp

Annual return

-13.38%

3.53%-16.9pp

35.94%-49.3pp

-7.84%-5.5pp

Employer contribution / active EE

$1,718

$2,173-20.9%

$2,837-39.4%

$2,596-33.8%

Participant deferral / active EE

$3,701

$3,779-2.0%

$4,656-20.5%

$4,028-8.1%

Admin fee / account holder

$229

$6,112-96.3%

$7,492-96.9%

$5,403-95.8%

Provider

Service type

Compensation

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ INVESTMENT ADVISORY SERVICES,

Service code 99

Other Fees

$17,390

CBIZ RETIREMENT PLAN SERVICES3 years

Filed as: CBIZ BENEFITS AND INSURANCE SERVICE

Service code 49

4615 SOUTHWEST FWY FL3 · HOUSTON, TX 77027

Other Services

$7,652

CBIZ RETIREMENT PLAN SERVICES3 years

Filed as: CBIZ INVESTMENT ADVISORY SERVICES

Service code 99 · EIN 81-3968784

Other Fees

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Service code 15 · EIN 71-0294708

Recordkeeping

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