Retirement plan

BALT USA, LLC 401(K) PROFIT SHARING PLAN AND TRUST

Name: BALT USA, LLC - BALT USA, LLC 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: BALT USA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BALT USA, LLC 401(K) PROFIT SHARING PLAN AND TRUST, BALT USA, LLC

BALT USA, LLCEIN 45-2559253Plan #001PY 2024

29 PARKER - IRVINE, CA 92618949-788-1443balt-usa.comLinkedIn51-200 employeesmedical devices

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$15.5M

+48.4% from 2023

Total participants

373

+40.8% from 2023

Average account balance

$56,628

+23.5% from 2023

Annual return

18.27%

-10.76 pp from 2023

Benchmarks

See 1,035 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,035 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.52M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

274

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.

69.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+18.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$264

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
LPL FINANCIAL3 years Filed as: LPL FINANCIAL RPCP Service code 26 · EIN 04-3046611	Advisory (Participants)	$56,114
ASCENSUS LLC3 years Service code 14 · EIN 11-3665754	Plan Administrator	$6,750
PENTEGRA SERVICES, INC.3 years Filed as: PENTEGRA SERVICES, INC Service code 14 701 WESTCHESTER AVE · WHITE PLAINS, NY 10604	Plan Administrator	$4,134

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$72K

$221 / participant

Recordkeeping$72K100.0%

% of EOY assets

0.466%

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: PW PARTNERS LLC
Auditor EIN: 833323563
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,628

$65,960-14.1%

$81,844-30.8%

$77,736-27.2%

Participation rate

69.7%

65.8%+4.0pp

72.4%-2.7pp

70.6%-0.9pp

Annual return

18.27%

26.64%-8.4pp

778.87%-760.6pp

31.26%-13.0pp

Employer contribution / active EE

$4,119

$2,375+73.4%

$2,916+41.2%

$2,728+51.0%

Participant deferral / active EE

$8,033

$3,505+129.2%

$4,323+85.8%

$4,651+72.7%

Admin fee / account holder

$264

$526-49.8%

$7,355-96.4%

$433-39.1%

Provider

Service type

Compensation

LPL FINANCIAL3 years

Filed as: LPL FINANCIAL RPCP

Service code 26 · EIN 04-3046611

Advisory (Participants)

$56,114

ASCENSUS LLC3 years

Service code 14 · EIN 11-3665754

Plan Administrator

$6,750

PENTEGRA SERVICES, INC.3 years

Filed as: PENTEGRA SERVICES, INC

Service code 14

701 WESTCHESTER AVE · WHITE PLAINS, NY 10604

Plan Administrator

$4,134

BALT USA, LLC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BALT USA, LLC 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