Retirement plan

BAUER COMPRESSORS, INC. GRANDFATHERED 401(K) PROFIT SHARING PLAN

Name: BAUER COMPRESSORS, INC. - BAUER COMPRESSORS, INC. GRANDFATHERED 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: BAUER COMPRESSORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAUER COMPRESSORS, INC. GRANDFATHERED 401(K) PROFIT SHARING PLAN, BAUER COMPRESSORS, INC.

BAUER COMPRESSORS, INC.EIN 54-1019520Plan #002PY 2017

1328 AZALEA GARDEN ROAD - NORFOLK, VA 23502757-857-8752bauercomp.comLinkedIn201-500 employeesmachinery

Other plans on this EIN

1 filing

#003Retirement-$1.3M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$17.4M

+10.3% from 2016

Total participants

149

-19.0% from 2016

Average account balance

$120,245

+39.2% from 2016

Annual return

15.82%

+7.15 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$822K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-101.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Top 4 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES FINANCIAL SERVICES AD Service code 27 880 CARILLON PARKWAY · ST PETERSBURG, FL 33716	Advisory (Plan)	$39,886
EPIC RETIREMENT PLAN SERVICES3+ years Filed as: QUALIFIED RETIREMENT PLAN SERVICES, Service code 13 2724 DISCOVERY DRIVE · RALEIGH, NC 27616	Contract Administrator	$11,657
BKD, LLP1 year Filed as: DIXON HUGHES GOODMAN LLP Service code 10 440 MONTICELLO AVE STE 1400 · NORFOLK, VA 23510	Accounting	$11,200
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$4,158

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$57K

$482 / participant

Contract admin$57K100.0%

% of EOY assets

0.326%

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: DIXON HUGHES GOODMAN LLP
Auditor EIN: 560747981
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,245

$64,909+85.3%

$82,312+46.1%

$62,293+93.0%

Participation rate

96.6%

74.9%+21.7pp

76.9%+19.7pp

69.5%+27.1pp

Annual return

15.82%

21.18%-5.4pp

25.88%-10.1pp

28.90%-13.1pp

Employer contribution / active EE

$1,676-100.0%

$2,428-100.0%

$2,042-100.0%

Participant deferral / active EE

$3,744

$3,103+20.6%

$3,706+1.0%

$3,169+18.1%

Admin fee / account holder

$392

$440-10.7%

$5,608-93.0%

$479-18.1%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES FINANCIAL SERVICES AD

Service code 27

880 CARILLON PARKWAY · ST PETERSBURG, FL 33716

Advisory (Plan)

$39,886

EPIC RETIREMENT PLAN SERVICES3+ years

Filed as: QUALIFIED RETIREMENT PLAN SERVICES,

Service code 13

2724 DISCOVERY DRIVE · RALEIGH, NC 27616

Contract Administrator

$11,657

BKD, LLP1 year

Filed as: DIXON HUGHES GOODMAN LLP

Service code 10

440 MONTICELLO AVE STE 1400 · NORFOLK, VA 23510

Accounting

$11,200

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$4,158

BAUER COMPRESSORS, INC. GRANDFATHERED 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAUER COMPRESSORS, INC. GRANDFATHERED 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