Retirement plan

BARRDAY CORP. 401(K) PLAN

Name: BARRDAY CORP. - BARRDAY CORP. 401(K) PLAN (2015) Form 5500
Creator: BARRDAY CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BARRDAY CORP. 401(K) PLAN, BARRDAY CORP.

BARRDAY CORP.EIN 56-2200417Plan #001PY 2015

1450 WEST POINTE DR., SUITE C - CHARLOTTE, NC 27214704-395-0311barrday.comLinkedIn201-500 employeesconsumer goods

Prospect flagsHigh cashFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$9.1M

No prior year

Total participants

196

No prior year

Average account balance

$50,438

No prior year

Annual return

0.95%

No prior year

Benchmarks

See 834 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort834 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.23M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

196

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.

79.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$940K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14

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 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$19,527
COMPENSATION SYSTEMS, INC.1+ years Service code 13 · EIN 56-1129270	Contract Administrator	$4,554
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Filed as: JOHN PETER GERLACH Service code 53 1625 LITTLEJOHN LANE EAST · BURLINGTON, NC 27217	Insurance Commissions	$0
LESLIE GLOBAL WEALTH LLC1+ years Filed as: LESLIE H. FOSTER Service code 53 300 N. GREENE ST., SUITE 1650 · GREENSBORO, NC 27401	Insurance Commissions	$0
RICHARD J. WOLF & COMPANY1+ years Filed as: RICHARD E. ROSE Service code 53 300 N. GREENE ST., SUITE 1650 · GREENSBORO, NC 27401	Insurance Commissions	$0
TIMOTHY R HOTT PC1+ years Filed as: TIMOTHY C. FLANAGAN Service code 53 6000 FAIRVIEW ST., SUITE 400 · CHARLOTTE, NC 28210	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2G2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$20K

$113 / participant

Contract admin$20K100.0%

% of EOY assets

0.214%

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: RIVES & ASSOCIATES
Auditor EIN: 200427530
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,438

$43,550+15.8%

$63,244-20.2%

$52,331-3.6%

Participation rate

91.3%

65.7%+25.6pp

71.0%+20.2pp

68.1%+23.2pp

Annual return

0.95%

2.03%-1.1pp

-70.31%+71.3pp

4.54%-3.6pp

Employer contribution / active EE

$434

$1,351-67.8%

$2,322-81.3%

$1,882-76.9%

Participant deferral / active EE

$3,604

$2,254+59.9%

$2,953+22.0%

$3,022+19.2%

Admin fee / account holder

$108

$387-72.1%

$5,893-98.2%

$592-81.8%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$19,527

COMPENSATION SYSTEMS, INC.1+ years

Service code 13 · EIN 56-1129270

Contract Administrator

$4,554

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Filed as: JOHN PETER GERLACH

Service code 53

1625 LITTLEJOHN LANE EAST · BURLINGTON, NC 27217

Insurance Commissions

LESLIE GLOBAL WEALTH LLC1+ years

Filed as: LESLIE H. FOSTER

Service code 53

300 N. GREENE ST., SUITE 1650 · GREENSBORO, NC 27401

Insurance Commissions

RICHARD J. WOLF & COMPANY1+ years

Filed as: RICHARD E. ROSE

Service code 53

300 N. GREENE ST., SUITE 1650 · GREENSBORO, NC 27401

Insurance Commissions

TIMOTHY R HOTT PC1+ years

Filed as: TIMOTHY C. FLANAGAN

Service code 53

6000 FAIRVIEW ST., SUITE 400 · CHARLOTTE, NC 28210

Insurance Commissions

BARRDAY CORP. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARRDAY CORP. 401(K) 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