Retirement plan

BASIN FILTRATION SYSTEMS & TUBIN' TESTIN' INC PROFIT SHARING

Name: BASIN FILTRATION SYSTEMS AND TUBIN TESTIN INC. - BASIN FILTRATION SYSTEMS & TUBIN' TESTIN' INC PROFIT SHARING (2016) Form 5500
Creator: BASIN FILTRATION SYSTEMS AND TUBIN TESTIN INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BASIN FILTRATION SYSTEMS & TUBIN' TESTIN' INC PROFIT SHARING, BASIN FILTRATION SYSTEMS AND TUBIN TESTIN INC.

BASIN FILTRATION SYSTEMS AND TUBIN TESTIN INC.EIN 45-0416167Plan #001PY 2016

PO BOX 1918 - WILLISTON, ND 58802701-774-1283LinkedIn11-50 employeesoil & energy

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.5M

-4.0% from 2015

Total participants

-13.3% from 2015

Average account balance

$113,460

+10.8% from 2015

Annual return

3.35%

+5.59 pp from 2015

Benchmarks

See 2,108 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants<25

Cohort2,108 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.96M

Not enough data

1 years with asset history on file

Average account balance

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

$131K

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.

166.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$63K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1000

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2H2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

$229K

$25444 / participant

Other / not subdivided$229K100.0%

% of EOY assets

15.526%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,460

$132,310-14.2%

$105,754+7.3%

$273,972-58.6%

Participation rate

100.0%

83.2%+16.8pp

78.9%+21.1pp

83.0%+17.0pp

Annual return

3.35%

10.08%-6.7pp

12.25%-8.9pp

41.46%-38.1pp

Employer contribution / active EE

$8,558

$4,867+75.9%

$4,079+109.8%

$4,869+75.8%

Participant deferral / active EE

$3,340

$6,233-46.4%

$5,326-37.3%

$5,287-36.8%

Admin fee / account holder

$17,615

$12,036+46.4%

$8,309+112.0%

$10,133+73.8%

BASIN FILTRATION SYSTEMS & TUBIN' TESTIN' INC PROFIT SHARING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BASIN FILTRATION SYSTEMS & TUBIN' TESTIN' INC PROFIT SHARING

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