Retirement plan

BOSSELMAN ENERGY EMPLOYEES RETIREMENT PLAN

Name: BOSSELMAN ENERGY, INC. - BOSSELMAN ENERGY EMPLOYEES RETIREMENT PLAN (2020) Form 5500
Creator: BOSSELMAN ENERGY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOSSELMAN ENERGY EMPLOYEES RETIREMENT PLAN, BOSSELMAN ENERGY, INC.

BOSSELMAN ENERGY, INC.EIN 47-0729205Plan #001PY 2020

3123 W STOLLEY PARK RD. STE B, P.O. BOX 1567 - GRAND ISLAND, NE 68002308-398-6365

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed December 31, 2004

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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Total assets (EOY)

$13.2M

+16.8% from 2019

Total participants

207

+11.3% from 2019

Average account balance

$64,150

+4.9% from 2019

Annual return

13.97%

-6.00 pp from 2019

Benchmarks

See 2,270 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,270 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.73M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

180

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$456

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 10 of 14 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Service code 49 · EIN 04-1590850	Other Services	$61,123
CAMBRIDGE INVESTMENT RESEARCH2 years Filed as: CAMBRIDGE INVESTMENT RESEARCH, INC. Service code 27 · EIN 42-1445429	Advisory (Plan)	$12,876
USI CONSULTING GROUP1 year Filed as: USI ADVISORS, INC. Service code 27 · EIN 06-1397347	Advisory (Plan)	$11,321
AMERICAN FUNDS4 years Service code 52 · EIN 95-6006886	Indirect Investment Fees	$0
THE BANK OF NEW YORK MELLON2 years Filed as: BNY MELLON Service code 52 · EIN 84-0512589	Indirect Investment Fees	$0
FEDERATED2 years Service code 52 · EIN 25-1111467	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Filed as: FRANKLINTEMPLETON Service code 52 · EIN 13-3151768	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 13-3867060	Indirect Investment Fees	$0
JANUS HENDERSON1 year Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
LEGG MASON4 years Service code 52 · EIN 95-2705767	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2S2T

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$85K

$456 / participant

Investment mgmt$84K98.6%
Contract admin$1K1.3%
Other / not subdivided$700.1%

% of EOY assets

0.649%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: LUTZ & COMPANY, PC
Auditor EIN: 470625816
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,150

$81,494-21.3%

$133,978-52.1%

$73,497-12.7%

Participation rate

98.9%

76.4%+22.6pp

79.8%+19.1pp

70.7%+28.2pp

Annual return

13.97%

19.40%-5.4pp

45.10%-31.1pp

28.51%-14.5pp

Employer contribution / active EE

$1,417

$2,210-35.9%

$3,919-63.9%

$2,270-37.6%

Participant deferral / active EE

$4,102

$3,787+8.3%

$5,047-18.7%

$3,740+9.7%

Admin fee / account holder

$416

$713-41.7%

$8,930-95.3%

$513-18.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Service code 49 · EIN 04-1590850

Other Services

$61,123

CAMBRIDGE INVESTMENT RESEARCH2 years

Filed as: CAMBRIDGE INVESTMENT RESEARCH, INC.

Service code 27 · EIN 42-1445429

Advisory (Plan)

$12,876

USI CONSULTING GROUP1 year

Filed as: USI ADVISORS, INC.

Service code 27 · EIN 06-1397347

Advisory (Plan)

$11,321

AMERICAN FUNDS4 years

Service code 52 · EIN 95-6006886

Indirect Investment Fees

THE BANK OF NEW YORK MELLON2 years

Filed as: BNY MELLON

Service code 52 · EIN 84-0512589

Indirect Investment Fees

FEDERATED2 years

Service code 52 · EIN 25-1111467

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 13-3151768

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 13-3867060

Indirect Investment Fees

JANUS HENDERSON1 year

Service code 52 · EIN 84-0592523

Indirect Investment Fees

LEGG MASON4 years

Service code 52 · EIN 95-2705767

Indirect Investment Fees

BOSSELMAN ENERGY EMPLOYEES RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOSSELMAN ENERGY EMPLOYEES RETIREMENT 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