Retirement plan

ROBERT BASIL INC UNION 401K PLAN

Name: ROBERT BASIL INC. - ROBERT BASIL INC UNION 401K PLAN (2023) Form 5500
Creator: ROBERT BASIL INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROBERT BASIL INC UNION 401K PLAN, ROBERT BASIL INC.

ROBERT BASIL INC.EIN 46-3183242Plan #331PY 2023

3475 SOUTHWESTERN BLVD - ORCHARD PARK, NY 14127716-677-2000LinkedIn11-50 employeesretail

Other plans on this EIN

1 filing

#330Retirement-$4.5M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$195K

+102.8% from 2022

Total participants

-12.5% from 2022

Average account balance

$16,222

+119.7% from 2022

Annual return

24.99%

+61.28 pp from 2022

Benchmarks

See 22,148 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,148 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$337K

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$55K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+18.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11140

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 codes2F2J3D2E

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).
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

$13K

$982 / participant

Other / not subdivided$13K100.0%

% of EOY assets

6.561%

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

$16,222

$102,696-84.2%

$86,235-81.2%

$139,487-88.4%

Participation rate

84.6%

74.5%+10.1pp

69.0%+15.7pp

80.3%+4.3pp

Annual return

24.99%

1925.91%-1900.9pp

1170.03%-1145.0pp

373.84%-348.9pp

Employer contribution / active EE

$3,034-100.0%

$2,381-100.0%

$4,755-100.0%

Participant deferral / active EE

$6,727

$4,679+43.8%

$3,987+68.7%

$6,713+0.2%

Admin fee / account holder

$1,064

$8,667-87.7%

$6,856-84.5%

$11,407-90.7%

ROBERT BASIL INC UNION 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROBERT BASIL INC UNION 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