Retirement plan

BERAN CONCRETE, INC. PROFIT SHARING 401(K) PLAN & TRUST

Name: BERAN CONCRETE, INC. - BERAN CONCRETE, INC. PROFIT SHARING 401(K) PLAN & TRUST (2019) Form 5500
Creator: BERAN CONCRETE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERAN CONCRETE, INC. PROFIT SHARING 401(K) PLAN & TRUST, BERAN CONCRETE, INC.

BERAN CONCRETE, INC.EIN 48-1108753Plan #001PY 2019

8401 E. OAK KNOLL - WICHITA, KS 67207785-537-0366beranconcrete.comLinkedIn51-200 employeesconstruction

Prospect flagsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$907K

No prior year

Total participants

145

No prior year

Average account balance

$10,420

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.25M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

148

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.

54.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$965K

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

+19.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$363

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
KEATING FINANCIAL ADVISORY SERVICES1+ years Service code 15 1011 POYNTZ AVE. · MANHATTAN, KS 66502	Recordkeeping	$5,990
NATIONWIDE1+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$5,273

Plan features & details

Pension benefit codes2E2F2J2K2T3D

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$7K

$51 / participant

Contract admin$7K100.0%

% of EOY assets

0.772%

all-in expense ratio

Categories reported

1 / 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: REGIER CARR & MONROE, LLP, CPAS
Auditor EIN: 480573184
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,420

$63,114-83.5%

$92,909-88.8%

$65,185-84.0%

Participation rate

57.4%

68.8%-11.4pp

76.0%-18.7pp

70.2%-12.8pp

Annual return

0.00%

28.75%-28.8pp

109.44%-109.4pp

29.38%-29.4pp

Employer contribution / active EE

$1,209

$2,571-53.0%

$3,653-66.9%

$2,177-44.5%

Participant deferral / active EE

$2,142

$3,108-31.1%

$4,238-49.5%

$3,514-39.0%

Admin fee / account holder

$80

$624-87.1%

$5,795-98.6%

$847-90.5%

Provider

Service type

Compensation

KEATING FINANCIAL ADVISORY SERVICES1+ years

Service code 15

1011 POYNTZ AVE. · MANHATTAN, KS 66502

Recordkeeping

$5,990

NATIONWIDE1+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$5,273

BERAN CONCRETE, INC. PROFIT SHARING 401(K) PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERAN CONCRETE, INC. PROFIT SHARING 401(K) PLAN & 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