Retirement plan

BAUER COMPRESSORS, INC. EMPLOYEE RETIREMENT PLAN

Name: BAUER COMPRESSORS, INC. - BAUER COMPRESSORS, INC. EMPLOYEE RETIREMENT PLAN (2020) Form 5500
Creator: BAUER COMPRESSORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAUER COMPRESSORS, INC. EMPLOYEE RETIREMENT PLAN, BAUER COMPRESSORS, INC.

BAUER COMPRESSORS, INC.EIN 54-1019520Plan #003PY 2020

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

Other plans on this EIN

1 filing

#002Retirement-$21.3M assets

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$2.6M

+23.8% from 2019

Total participants

159

-25.4% from 2019

Average account balance

$17,457

+64.0% from 2019

Annual return

26.46%

+1.20 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.19M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

300

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$212

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
LOWE BROCKENBROUGH & COMPANY INC2 years Service code 27 1802 BAYBERRY CT STE 400 · RICHMOND, VA 23226	Advisory (Plan)	$4,591
CHERRY BEKAERT LLP1 year Filed as: CHERRY BEKAERT & HOLLAND, LLP Service code 10 222 CENTRAL PARK AVE · VIRGINIA BEACH, VA 234623032	Accounting	$3,694
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$622
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$600

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

1 tripped

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

$10K

$75 / participant

Contract admin$10K100.0%

% of EOY assets

0.361%

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: CHERRY BAEKERT
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,457

$73,638-76.3%

$95,964-81.8%

$73,497-76.2%

Participation rate

93.7%

76.2%+17.5pp

77.1%+16.6pp

70.7%+23.0pp

Annual return

26.46%

16.78%+9.7pp

91.64%-65.2pp

28.51%-2.1pp

Employer contribution / active EE

$1,939

$1,863+4.1%

$2,541-23.7%

$2,270-14.6%

Participant deferral / active EE

$2,396

$3,617-33.7%

$4,167-42.5%

$3,740-35.9%

Admin fee / account holder

$63

$482-86.9%

$6,797-99.1%

$513-87.7%

Provider

Service type

Compensation

LOWE BROCKENBROUGH & COMPANY INC2 years

Service code 27

1802 BAYBERRY CT STE 400 · RICHMOND, VA 23226

Advisory (Plan)

$4,591

CHERRY BEKAERT LLP1 year

Filed as: CHERRY BEKAERT & HOLLAND, LLP

Service code 10

222 CENTRAL PARK AVE · VIRGINIA BEACH, VA 234623032

Accounting

$3,694

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$622

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$600

BAUER COMPRESSORS, INC. EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAUER COMPRESSORS, INC. EMPLOYEE RETIREMENT 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