Retirement plan

BITRODE CORP 401(K) PROFIT SHARING PLAN AND TRUST

Name: BITRODE CORPORATION - BITRODE CORP 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: BITRODE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BITRODE CORP 401(K) PROFIT SHARING PLAN AND TRUST, BITRODE CORPORATION

BITRODE CORPORATIONEIN 43-1051617Plan #002PY 2022

9787 GREEN PARK INDUSTRIAL DRIVE - ST. LOUIS, MO 63123636-343-6112

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.6M

-19.4% from 2021

Total participants

-11.4% from 2021

Average account balance

$69,748

-7.3% from 2021

Annual return

-18.00%

-34.10 pp from 2021

Benchmarks

See 14,494 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,494 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.56M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

147.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$357K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+24.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10105

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

0 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
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$37,565
KESTRA INVESTMENT SERVICES LLC2 years Service code 49 · EIN 74-2794194	Other Services	$8,406
GALLAGHER FIDUCIARY ADVISORS, LLC1 year Service code 27 · EIN 36-4291971	Advisory (Plan)	$7,237

Plan features & details

Pension benefit codes2E2J2K2R2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$38K

$508 / participant

Contract admin$38K100.0%

% of EOY assets

0.673%

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: ARMANINO LLP
Auditor EIN: 946214841
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,748

$71,878-3.0%

$86,698-19.6%

$68,486+1.8%

Participation rate

82.4%

72.2%+10.2pp

76.6%+5.8pp

67.9%+14.5pp

Annual return

-18.00%

3.53%-21.5pp

35.95%-53.9pp

-7.85%-10.1pp

Employer contribution / active EE

$2,122

$2,173-2.3%

$2,837-25.2%

$2,597-18.3%

Participant deferral / active EE

$4,694

$3,779+24.2%

$4,656+0.8%

$4,028+16.5%

Admin fee / account holder

$470

$6,113-92.3%

$7,493-93.7%

$5,404-91.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$37,565

KESTRA INVESTMENT SERVICES LLC2 years

Service code 49 · EIN 74-2794194

Other Services

$8,406

GALLAGHER FIDUCIARY ADVISORS, LLC1 year

Service code 27 · EIN 36-4291971

Advisory (Plan)

$7,237

BITRODE CORP 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BITRODE CORP 401(K) PROFIT SHARING PLAN AND TRUST

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