Retirement plan

BURD & FLETCHER COMPANY 401(K) PROFIT SHARING PLAN

Name: BURD & FLETCHER COMPANY - BURD & FLETCHER COMPANY 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: BURD & FLETCHER COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BURD & FLETCHER COMPANY 401(K) PROFIT SHARING PLAN, BURD & FLETCHER COMPANY

BURD & FLETCHER COMPANYEIN 44-0186540Plan #001PY 2020

5151 EAST GEOSPACE DRIVE - INDEPENDENCE, MO 64056816-257-3409burdfletcher.comLinkedIn201-500 employees

Prospect flagsLow participationLow employer contributionFailed to transmit contributions

Top hat statement on fileNQDC

Filed November 28, 2014

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$20.4M

+10.4% from 2019

Total participants

467

+151.1% from 2019

Average account balance

$95,782

-3.6% from 2019

Annual return

14.97%

-7.79 pp from 2019

Benchmarks

See 1,160 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,160 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$25.95M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

263

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.

49.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.27M

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

+12.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$331

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GENEOS WEALTH MANAGEMENT INC1 year Service code 27 511 CLAYTON ST · DENVER, CO 80206	Advisory (Plan)	$18,751
DEMARS PENSION CONSULTING SERVICES1 year Filed as: DEMARS PENSION CONSULTING INC Service code 13 8700 INDIAN CREEK PARKWAY · OVERLAND PARK, KS 66210	Contract Administrator	$11,225
LEAFHOUSE FINANCIAL ADVISORS, LLC1 year Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC Service code 99 6504 BRIDGE POINT PKWY · AUSTIN, TX 78730	Other Fees	$7,100
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT-WEST LIFE ANNUITY INS CO Service code 64 511 CLAYTON ST · DENVER, CO 80111	Recordkeeping Fees	$6,291
NONE1 year Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2K2J2S2T3D

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$26K

$59 / participant

Investment mgmt$15K57.0%
Contract admin$11K43.0%

% of EOY assets

0.128%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$95,782

$85,135+12.5%

$98,907-3.2%

$73,409+30.5%

Participation rate

42.8%

81.1%-38.3pp

76.0%-33.2pp

72.2%-29.4pp

Annual return

14.97%

19.14%-4.2pp

196.43%-181.5pp

59.29%-44.3pp

Employer contribution / active EE

$439

$2,721-83.9%

$2,689-83.7%

$2,234-80.4%

Participant deferral / active EE

$2,033

$4,349-53.3%

$4,244-52.1%

$3,805-46.6%

Admin fee / account holder

$123

$139-11.9%

$6,642-98.2%

$158-22.3%

Provider

Service type

Compensation

GENEOS WEALTH MANAGEMENT INC1 year

Service code 27

511 CLAYTON ST · DENVER, CO 80206

Advisory (Plan)

$18,751

DEMARS PENSION CONSULTING SERVICES1 year

Filed as: DEMARS PENSION CONSULTING INC

Service code 13

8700 INDIAN CREEK PARKWAY · OVERLAND PARK, KS 66210

Contract Administrator

$11,225

LEAFHOUSE FINANCIAL ADVISORS, LLC1 year

Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC

Service code 99

6504 BRIDGE POINT PKWY · AUSTIN, TX 78730

Other Fees

$7,100

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT-WEST LIFE ANNUITY INS CO

Service code 64

511 CLAYTON ST · DENVER, CO 80111

Recordkeeping Fees

$6,291

NONE1 year

Service code 15

Recordkeeping

BURD & FLETCHER COMPANY 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BURD & FLETCHER COMPANY 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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