Retirement plan

BARTS ELECTRIC COMPANY, INC. EMPLOYEES 401K PLAN

Name: BARTS ELECTRIC COMPANY, INC. - BARTS ELECTRIC COMPANY, INC. EMPLOYEES 401K PLAN (2022) Form 5500
Creator: BARTS ELECTRIC COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BARTS ELECTRIC COMPANY, INC. EMPLOYEES 401K PLAN, BARTS ELECTRIC COMPANY, INC.

BARTS ELECTRIC COMPANY, INC.EIN 43-1671389Plan #001PY 2022

7103 STEWART ROAD - PLEASANT VALLEY, MO 64068816-421-0007bartselectric.comLinkedIn51-200 employeesconstruction

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$13.5M

-12.3% from 2021

Total participants

288

+12.5% from 2021

Average account balance

$49,237

-27.3% from 2021

Annual return

-15.39%

-27.98 pp from 2021

Benchmarks

See 3,001 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,001 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.84M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

417

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.

89.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$254

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 SERVICES2 years Filed as: CBIZ INVESTMENT ADVISORY SVCS, LLC Service code 27 6050 OAK TREE BLVD S · CINCINATTI, OH 44131	Advisory (Plan)	$32,563
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$29,248
EPIC RETIREMENT PLAN SERVICES5 years Filed as: MHM RETIREMENT PLAN SOLUTIONS Service code 13 700 W 47TH ST. STE 1100 · KANSAS CITY, MO 64112	Contract Administrator	$11,252

Plan features & details

Pension benefit codes2E2F2G2J3D2T

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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$77K

$315 / participant

Investment mgmt$36K47.2%
Contract admin$41K52.8%

% of EOY assets

0.567%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PICKETT, CHANEY & MCMULLEN LLP
Auditor EIN: 481246310
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,237

$64,138-23.2%

$112,258-56.1%

$66,930-26.4%

Participation rate

94.7%

68.5%+26.2pp

75.1%+19.6pp

69.8%+24.9pp

Annual return

-15.39%

-13.81%-1.6pp

27.47%-42.9pp

1.57%-17.0pp

Employer contribution / active EE

$5,424

$3,006+80.4%

$3,636+49.2%

$2,545+113.1%

Participant deferral / active EE

$4,051

$3,694+9.7%

$4,728-14.3%

$4,238-4.4%

Admin fee / account holder

$279

$625-55.4%

$6,411-95.6%

$593-53.0%

Provider

Service type

Compensation

CBIZ RETIREMENT PLAN SERVICES2 years

Filed as: CBIZ INVESTMENT ADVISORY SVCS, LLC

Service code 27

6050 OAK TREE BLVD S · CINCINATTI, OH 44131

Advisory (Plan)

$32,563

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$29,248

EPIC RETIREMENT PLAN SERVICES5 years

Filed as: MHM RETIREMENT PLAN SOLUTIONS

Service code 13

700 W 47TH ST. STE 1100 · KANSAS CITY, MO 64112

Contract Administrator

$11,252

BARTS ELECTRIC COMPANY, INC. EMPLOYEES 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARTS ELECTRIC COMPANY, INC. EMPLOYEES 401K 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