Retirement plan

BUSINESS SOLUTIONS OF PERRYSBURG, LLC 401(K) PROFIT SHARING PLAN

Name: BUSINESS SOLUTIONS OF PERRYSBURG LLC - BUSINESS SOLUTIONS OF PERRYSBURG, LLC 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: BUSINESS SOLUTIONS OF PERRYSBURG LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUSINESS SOLUTIONS OF PERRYSBURG, LLC 401(K) PROFIT SHARING PLAN, BUSINESS SOLUTIONS OF PERRYSBURG LLC

BUSINESS SOLUTIONS OF PERRYSBURG LLCEIN 47-4365301Plan #001PY 2020

28315 KENSINGTON LANE - PERRYSBURG, OH 43551567-316-0465businesssolutionsofperrysburg.comLinkedIn1-10 employeesmanagement consulting

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$6.2M

+56.1% from 2019

Total participants

645

-2.0% from 2019

Average account balance

$16,463

+47.5% from 2019

Annual return

21.57%

+2.06 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.09M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

354

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.

60.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.67M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$381

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 2 by compensation

Provider	Service type	Compensation
EVANS INVESTMENT ADVISORS LLC3 years Filed as: EVANS, BEEBE & FIELDS FINANCIAL GRO Service code 15 1683 WOODLANDS DRIVE · MAUMEE, OH 43537	Recordkeeping	$44,340
PROFESSIONAL CAPITAL SERVICES, LLC4+ years Service code 13 · EIN 23-3038464	Contract Administrator	$35,625

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

2 tripped

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

$80K

$136 / participant

Investment mgmt$44K55.4%
Contract admin$36K44.6%

% of EOY assets

1.285%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TITUS & URBANSKI INC
Auditor EIN: 341695540
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,463

$52,293-68.5%

$178,499-90.8%

$73,412-77.6%

Participation rate

54.4%

65.3%-10.9pp

81.9%-27.5pp

72.2%-17.7pp

Annual return

21.57%

34.75%-13.2pp

151.10%-129.5pp

59.30%-37.7pp

Employer contribution / active EE

$1,121

$1,735-35.4%

$5,011-77.6%

$2,234-49.8%

Participant deferral / active EE

$1,817

$2,332-22.1%

$5,202-65.1%

$3,806-52.2%

Admin fee / account holder

$212

$127+66.1%

$13,986-98.5%

$158+34.0%

Provider

Service type

Compensation

EVANS INVESTMENT ADVISORS LLC3 years

Filed as: EVANS, BEEBE & FIELDS FINANCIAL GRO

Service code 15

1683 WOODLANDS DRIVE · MAUMEE, OH 43537

Recordkeeping

$44,340

PROFESSIONAL CAPITAL SERVICES, LLC4+ years

Service code 13 · EIN 23-3038464

Contract Administrator

$35,625

BUSINESS SOLUTIONS OF PERRYSBURG, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BUSINESS SOLUTIONS OF PERRYSBURG, LLC 401(K) PROFIT SHARING 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