Retirement plan

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

Name: BERAN CONCRETE, INC. - BERAN CONCRETE, INC. PROFIT SHARING 401(K) PLAN & TRUST (2022) 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 2022

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)

$2.4M

-1.2% from 2021

Total participants

205

-5.1% from 2021

Average account balance

$18,692

-8.0% from 2021

Annual return

-17.47%

-32.95 pp from 2021

Benchmarks

See 2,998 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,998 peers

Snapshot2022

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
KEATING FINANCIAL ADVISORY SERVICES4+ years Service code 15 1011 POYNTZ AVE. · MANHATTAN, KS 66502	Recordkeeping	$19,861
NATIONWIDE4+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$12,658

Plan features & details

Pension benefit codes2E2F2J2K2S2T3D

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.
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

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

$22K

$119 / participant

Contract admin$22K100.0%

% of EOY assets

0.890%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VARNEY AND ASSOCIATES CPAS, LLC
Auditor EIN: 300038643
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,692

$64,176-70.9%

$112,249-83.3%

$66,938-72.1%

Participation rate

58.8%

68.4%-9.7pp

75.1%-16.3pp

69.8%-11.0pp

Annual return

-17.47%

-13.80%-3.7pp

27.48%-45.0pp

1.58%-19.1pp

Employer contribution / active EE

$1,386

$3,007-53.9%

$3,636-61.9%

$2,545-45.5%

Participant deferral / active EE

$2,380

$3,694-35.6%

$4,729-49.7%

$4,238-43.8%

Admin fee / account holder

$166

$626-73.4%

$6,412-97.4%

$594-72.0%

Provider

Service type

Compensation

KEATING FINANCIAL ADVISORY SERVICES4+ years

Service code 15

1011 POYNTZ AVE. · MANHATTAN, KS 66502

Recordkeeping

$19,861

NATIONWIDE4+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$12,658

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