Retirement plan

BERKEL & COMPANY CONTRACTORS, INC. DEFERRED WAGE RETIREMENT TRUST

Name: BERKEL & COMPANY CONTRACTORS, INC. - BERKEL & COMPANY CONTRACTORS, INC. DEFERRED WAGE RETIREMENT TRUST (2024) Form 5500
Creator: BERKEL & COMPANY CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERKEL & COMPANY CONTRACTORS, INC. DEFERRED WAGE RETIREMENT TRUST, BERKEL & COMPANY CONTRACTORS, INC.

BERKEL & COMPANY CONTRACTORS, INC.EIN 48-0650969Plan #002PY 2024

2649 SOUTH 142ND ST, P.O. BOX 335 - BONNER SPRINGS, KS 66012913-422-5125berkelandcompany.comLinkedIn201-500 employeesconstruction

Other plans on this EIN

1 filing

#001Retirement-$105.8M assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$35.5M

+19.8% from 2023

Total participants

488

+12.7% from 2023

Average account balance

$106,221

+13.7% from 2023

Annual return

13.59%

-4.43 pp from 2023

Benchmarks

See 1,563 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,563 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.48M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

334

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.

63.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$558

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 4 by compensation

Provider	Service type	Compensation
THE BANK OF NEW YORK MELLON5 years Filed as: BANK OF LABOR TRUST DIVISION Service code 21 756 · KANSAS CITY, MO 66101	Bank Trustee	$90,990
ALLIANCE PENSION CONSULTANTS, LLC10+ years Filed as: NORTH AMERICAN K-TRADE ALLIANCE LLC Service code 10 1500 NORTH OAK DRIVE, SUITE B · PLYMOUTH, IN 46569	Accounting	$63,220
DEMARS PENSION CONSULTING SERVICES10+ years Filed as: DEMARS PENSION CONSULTING SVCS INC Service code 10 8700 INDIAN CREEK PKWY, STE 185 · OVERLAND PARK, KS 66210	Accounting	$32,259
CHARLES SCHWAB & CO., INC.2 years Service code 22 · EIN 94-1737782	Insurance Broker	$13,363

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
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.

Opportunity flags

2 tripped

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

$186K

$442 / participant

Recordkeeping$63K33.9%
Investment mgmt$91K48.8%
Contract admin$32K17.3%

% of EOY assets

0.525%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,221

$82,979+28.0%

$102,412+3.7%

$77,736+36.6%

Participation rate

63.5%

71.5%-8.0pp

74.5%-11.0pp

70.6%-7.1pp

Annual return

13.59%

19.11%-5.5pp

24.94%-11.3pp

31.26%-17.7pp

Employer contribution / active EE

$2,175

$3,554-38.8%

$3,870-43.8%

$2,728-20.3%

Participant deferral / active EE

$4,517

$4,109+9.9%

$5,060-10.7%

$4,651-2.9%

Admin fee / account holder

$558

$639-12.6%

$8,388-93.3%

$433+28.7%

Provider

Service type

Compensation

THE BANK OF NEW YORK MELLON5 years

Filed as: BANK OF LABOR TRUST DIVISION

Service code 21

756 · KANSAS CITY, MO 66101

Bank Trustee

$90,990

ALLIANCE PENSION CONSULTANTS, LLC10+ years

Filed as: NORTH AMERICAN K-TRADE ALLIANCE LLC

Service code 10

1500 NORTH OAK DRIVE, SUITE B · PLYMOUTH, IN 46569

Accounting

$63,220

DEMARS PENSION CONSULTING SERVICES10+ years

Filed as: DEMARS PENSION CONSULTING SVCS INC

Service code 10

8700 INDIAN CREEK PKWY, STE 185 · OVERLAND PARK, KS 66210

Accounting

$32,259

CHARLES SCHWAB & CO., INC.2 years

Service code 22 · EIN 94-1737782

Insurance Broker

$13,363

BERKEL & COMPANY CONTRACTORS, INC. DEFERRED WAGE RETIREMENT TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERKEL & COMPANY CONTRACTORS, INC. DEFERRED WAGE RETIREMENT TRUST

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