Retirement plan

BORGA STEEL BUILDINGS 401(K) PLAN

Name: BORGA STEEL BUILDINGS AND COMPONENTS, INC. - BORGA STEEL BUILDINGS 401(K) PLAN (2016) Form 5500
Creator: BORGA STEEL BUILDINGS AND COMPONENTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BORGA STEEL BUILDINGS 401(K) PLAN, BORGA STEEL BUILDINGS AND COMPONENTS, INC.

BORGA STEEL BUILDINGS AND COMPONENTS, INC.EIN 46-3011334Plan #001PY 2016

300 WEST PEACH STREET - FOWLER, CA 93625559-834-5375borgasteel.comLinkedIn51-200 employeesconsumer goods

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$206K

No prior year

Total participants

No prior year

Average account balance

$8,969

No prior year

Annual return

13.52%

No prior year

Benchmarks

See 15,087 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort15,087 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.81M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

75.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$216K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1997

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 codes2F2J2T3D

Plan features

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).
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$4K

$151 / participant

Other / not subdivided$4K100.0%

% of EOY assets

2.053%

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

$8,969

$60,349-85.1%

$74,184-87.9%

$62,881-85.7%

Participation rate

71.4%

72.7%-1.3pp

76.6%-5.2pp

69.3%+2.1pp

Annual return

13.52%

21.38%-7.9pp

17.74%-4.2pp

20.14%-6.6pp

Employer contribution / active EE

$1,508

$1,680-10.3%

$2,370-36.4%

$2,281-33.9%

Participant deferral / active EE

$2,985

$2,856+4.5%

$3,550-15.9%

$3,203-6.8%

Admin fee / account holder

$184

$4,261-95.7%

$5,586-96.7%

$4,296-95.7%

BORGA STEEL BUILDINGS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BORGA STEEL BUILDINGS 401(K) 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