Retirement plan

OUT OF THE BLUE FINISHING SOLUTIONS INC., 401(K) PLAN.

Name: OUT OF THE BLUE FINISHING SOLUTIONS INC - OUT OF THE BLUE FINISHING SOLUTIONS INC., 401(K) PLAN. (2022) Form 5500
Creator: OUT OF THE BLUE FINISHING SOLUTIONS INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OUT OF THE BLUE FINISHING SOLUTIONS INC., 401(K) PLAN., OUT OF THE BLUE FINISHING SOLUTIONS INC

OUT OF THE BLUE FINISHING SOLUTIONS INCEIN 47-4066162Plan #001PY 2022

PERSONAL AND CONFIDENTIAL 950 GREEN - BEAVER DAM, WI 539161160920-219-4555LinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$753K

-14.6% from 2021

Total participants

-12.0% from 2021

Average account balance

$41,848

-14.6% from 2021

Annual return

-17.08%

-27.55 pp from 2021

Benchmarks

See 22,373 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,373 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.09M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

80.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$82K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$966

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 codes2E2F2G2J2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$76K

$4765 / participant

Other / not subdivided$76K100.0%

% of EOY assets

10.121%

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

$41,848

$100,792-58.5%

$86,691-51.7%

$134,509-68.9%

Participation rate

75.0%

78.9%-3.9pp

76.6%-1.6pp

81.2%-6.2pp

Annual return

-17.08%

29.08%-46.2pp

35.94%-53.0pp

418.13%-435.2pp

Employer contribution / active EE

$1,966

$3,491-43.7%

$2,837-30.7%

$4,741-58.5%

Participant deferral / active EE

$4,133

$5,339-22.6%

$4,656-11.2%

$6,400-35.4%

Admin fee / account holder

$4,235

$10,924-61.2%

$7,492-43.5%

$11,427-62.9%

OUT OF THE BLUE FINISHING SOLUTIONS INC., 401(K) PLAN.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OUT OF THE BLUE FINISHING SOLUTIONS INC., 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